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Issue 27

Oil News

  • UN Takes Hard Line in Oil Talks with Iraq
  • Outgoing PDVSA President Attacks Venezuela's OPEC-Oriented Oil Policy
  • Proposed UN Sanctions Will Not Affect Libyan Oil Exports
  • US Treasury Adds More Libyan-Controlled Companies to Embargo List
  • Saudi Arabia Again Raises Medium/Heavy Crude Price Formulas
  • Abu Dhabi and Oman Prices for March
  • No Change in Qatar Price Formula for March
  • Saudi Aramco Awards Contracts for Marjan Field Development
  • Saudi Aramco to Supply India with 100,000 B/D of Crude Saudi
  • Repsol Group Makes Promising Oil Discovery in Central Syria
  • Netback Values

Financial & Banking News

  • Kuwait Faces $17bn Financing Gap in Present Financial Year
  • Kuwait's National Assembly Approves Debt Buyout Plan
  • Oman's 1992 Budget Shows Increases in Defense and Project Spending
  • UAE Oil Revenues Fall to $13.9bn in 1991, but Non-Oil GDP Rises
  • Saudi Price Cuts Will Add $1.3bn to Government Deficit
  • Iraq Licenses Two Private Sector Banks
  • Coface Offers Cover for Tabriz Financing
  • Kuwait Airways Mandate still Not Awarded
  • Japanese Eximbank Extends $300mn Loan to Algeria

The Political Scene

  • The Political Scene
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