Issue 14
Oil News
- Despite Vienna Meeting Major Political Obstacles Still Obstruct Iraqi Oil Sales
- Prospect of Early OPEC Meeting Evaporates
- OPEC Basket Price Averages $18.65/B in 1991
- No Change in Libyan Price Formulas for January
- Nigeria Reduces Price Formulas 5 Cents/B in January
- Syrian Light Crude Term Price for 1Q 92 Pending
- Moore Predicts $24 Oil Price Through the Decade
- US Steps Up Sanctions Against Libya
- CGES Study Queries Justification for Higher Taxes on Oil
- France Boosts Gas Purchases from Algeria to 10.15 Bn Cu. Ms./Yr
- Disappointing Results for Marathon in Belli-2 Well
- Suez Canal Expansion Plan Delayed
- KOTC Takes Delivery of New Crude Oil Tanker
- UAE Considers Offset Program
Financial & Banking News
- Saudi Arabia Estimates Gulf War Overspend at $49bn: Issues Cautious Budget for 1992
- Kuwait Issues $21bn Budget for 1991/92, Excluding $10bn for Gulf War Costs
- Oman Issues Standstill Budget for 1992
- GCC Leaders Approve $10bn Aid Fund, but Implementation is far off
- Qatar Liberalises Interest Rates; BMA Urges Banks to Reduce Lending Rate
- De Cuellar Blames Iraq and Estimates Iran's Civilian Damages at $97.2bn