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Issue 29

Oil News

  • Iraq Requests UN Permission To Resume Oil Exports; Hammadi Calls For Higher OPEC Quota
  • Iraq Challenges Legality of August 1990 OPEC Decision on Temporary Suspension of Quotas
  • Iraq Starts Production from Damaged Refineries
  • Four Iraqi Tankers Sunk during Gulf War, Four Abandoned
  • Kuwait to Hire More Fire-fighting Firms; Red Adair Threatens to Withdraw
  • Kuwait's Oil Export Facilities Require at least Six Months for Repairs
  • Iranian Output Down in March
  • Otaiba Says UAE still Unhappy with 1.5mn b/d OPEC Quota
  • Dubai Plans New Ship Repair Yard
  • Production from Japex Oman's Daleel Field Rises to 8,500 b/d in 1Q91
  • Texas Court Affirms Summary Judgement in Favor of Hunt Oil Company
  • SABIC's Annual Report
  • Samarec Raises April LPG Prices
  • Oil Spill Continues in the Gulf
  • Petrobel's Sinai Field Starts Production
  • GCC-EC Meeting to Convene on 10-11 May
  • Middle East Economic Association to Hold 12th Annual Meeting in January 1992
  • Publications Received
  • Netback Values

Financial & Banking News

  • Qatari Budget Pegs Expenditure but Forecasts Rise in Revenues
  • Yemen's Debt Service now $1bn per Year, Says Minister
  • Bahraini Budget Projects Widening Deficit
  • Staffing Is Key Issue as Kuwaiti Banks Resume Operations
  • Iraq Undertakes to Return some Kuwaiti Gold
  • Bank of Oman Shows Steady Profit Rise to Dh107mn during 1990
  • Bahrain International Bank Reports Loss of $8.3mn for 1990

The Political Scene

  • The Political Scene
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