Issue 20
Oil News
- Boussena Invites OPEC Ministers For Informal Consultations In Vienna On 25 February: Cool Reaction From Gulf Producers
- Nazer Stresses Need For Post-War Reestablishment Of OPEC Production Discipline
- IEA Downgrades 4Q 1990 Demand Estimates
- OECD Production and CPE Net Exports Fall in 1990
- CGES Study Estimates $70bn Investment Requirement for 5mn b/d Net Increase in Gulf Production Capacity
- Iranian Output Down by 474,000 b/d in January
- Damage to Kuwait Oilfields
- Major Damage Inflicted on Iraqi Oil Installations
- Mine Hits Platform at Zuluf Field
- GAS to Expand Capacity of Jubail Plant
- Jordan Imports Crude Oil and Petroleum Products from Syria and Yemen
- Samedan Acquires Royal Dutch/Shell Oil Interests
- DPC Drills 24 Wells in 1990 In a review of its 1990
- QGPC Delays Start Up of North Field Gas Project
- Syria to Convert Furnaces of Several Major Plants to Gas
- War Risk Insurance Rates for Middle East Reduced
- OAPEC Sets up Temporary Headquarters in Cairo
- OPEC
- Netback Values
Financial & Banking News
- Saudi Arabia to Raise International Loan as Strain Mounts on Liquid Reserves
- New Directors Appointed for KIA, Relationship with KIO Expected to Improve
- Initial Reconstruction of Kuwait Will Cost $700-$800mn, 171 Contracts Signed
- National Bank of Dubai Increases Profits and Strengthens Liquidity