Issue 03
Oil News
- Iran Tests 4mn B/D Production Capacity
- No Saudi Decision on Sale of Monthly Iraqi Oil Cargoes
- Nazer Inaugurates Pemref's New MTBE Unit
- Samarec Raises October LPG Prices
- Juffali and Dow Europe to Set Up another Saudi Petrochemical Venture
- IPG Markets Two Shipments of Shabwa Crude on Behalf of NPC
- Oil Ministry to Review New Exploration Bids for Block No. 6
- ENEL Signs Gas Purchase Agreement with Algeria
- Iraq Threatens to Sue Firms Cooperating with UN Resolution 778
- Iraq Proposes New Scheme for Oil Sales
- Iran and Technip Sign $300mn Deal for Tabriz Petrochemical Plant
- Iran to Supply Fuels to Nakhichevan through Barter Deal
- Electricity Link Agreed by Turkey and Four Arab States
- Norsk Hydro Discovers Gas at Ras Kanayes
- Texaco's Assiut Concession Incorporates Two-Year Geophysical Option
- ASRY's Two Floating Docks to Be Operational in October
- Sha'al Appointed Chairman of AFPC
- SPC Invites Bids for Expansion of Jbeisa Gas Plant
- UOP Completes Study on Upgrading of Refineries
- Correction
- Tunisia Awards Contract for the Serj Block
Financial & Banking News
- Kuwait Issues Budget Details for Present Year
- IMF Expected to Give Egypt Seal of Approval on Economic Reform
- UBAF-Paris Plans Further Capital Increase
- Arab Financial Services Finalizes Capital Increase
- Kuwait Asia Directors Take Formal Decision to Close
- UAE Forms Committee to Consider Banks' Compliance with Basle Ratios
- Amiri Decree Allows Kuwait Airways to Borrow Money in Its Own Name
- Al Rajhi Lends Pakistan Petroleum $220mn