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Issue 28

Oil News

  • Big Exploration Drive In Yemen
  • Kuwait Oil Fires and Potential Damage to Oil Reservoirs
  • Kuwait's Estimates Damage to Oil Sector at $100bn
  • Britain and France Seek Reconstruction Contracts in Kuwait
  • Kuwait Discontinues Distribution of Free Gasoline
  • Iran Cuts Price Formulas by 55-65 Cents/B for May-June
  • Nigerian Output Averaged 1.83mn b/d in 1990, Plans 2.5mn b/d Capacity by 1995, Minister Says
  • Saudi Arabia Increases LPG Exports to Japan to 6.3mn Tons in FY90
  • Cabinet Reshuffle in Iraq
  • Calls for Producer/Consumer Dialogue Continue
  • Spanish Companies to Construct Polyethylene Plant at Skikda
  • British Gas Tunisie Finds Oil; Marathon Awarded Gas Concession
  • Highlights from ADCO's 1990 Annual Report
  • EGPC Gives Provisional Approval for Award of Acreage Off North Sinai to Phillips
  • Correction

Financial & Banking News

  • ALUBAF-Bahrain to Raise $40mn in Fresh Capital to Offset 1990 Losses
  • Investcorp's $250mn Financing is First Term Loan and First in Name of Luxembourg Company
  • Fourteen International Banks Named in Saudi Loan List
  • Personal Debts of KD1,936mn to Be Written Off in Kuwait
  • NBK Customers May Withdraw Money from NBK Accounts inside Kuwait
  • Allied Pledges to US War Costs "Adequate"
  • United Saudi Commercial Declares Increase in First Quarter Profits
  • UBAF London Returns to Profit

The Political Scene

  • The Political Scene
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