Archive

1589 results found. Displaying results 1561 to 1570.

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Gulf States Newsletter - Issue 142 - 14/Jul/1980

OPEC investment income enters production equation

Economists in major international oil companies and banks are increasing their intention on revenue requirements of OPEC nations as the best guide to likely production patterns, now that more and more countries are either legally or optionally bound to keep production within justified limits. And the First National Bank of Chicago has become the leading estimator of investment income.

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Gulf States Newsletter - Issue 141 - 30/Jun/1980

Sanctions won't really alter trade patterns after all

The West's much vaunted sanctions against Iran are treated with hilarity in Tehran, even by Western diplomats. At the same time, the Eastern bloc is not taking its place, and the shortage of oil income leaves the government with precious little room to manoeuvre. In fact, the budget which has only just been announced is now acknowledged as redundant.

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Saudi Arabia - Issue 27 - 30/Jun/1980

Taher threatens output cuts, but the figures point upwards

Petromia governor Abdul Hadi Taher does not hold out a rosy picture for OECD consumers of Saudi oil who do not have direct supply contracts. But if all his figures and commitments are taken at face value, Saudi Arabia is left with little option but to push up production over the next five years and use the additional capacity Aramco is creating.

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Saudi Arabia - Issue 26 - 16/Jun/1980

Yamani proves conciliator, but is confident on prices

OPEC's twin-base price system after the Algiers conference still leaves the organization in an untidy mess, but less so than before. The Saudis believe that market pressures are working through to prices (at last) so with unexpected conciliation they braced themselves to accept a $4 per barrel rise, albeit postponed. They may yet get their unified price by the year-end.

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Saudi Arabia - Issue 25 - 02/Jun/1980

Five Year Plan gets off to a very extravagant start

The Saudi state budget for the fiscal year 1400/1401 beginning on 15 May 1980 was endorsed by a special session of the Council of Ministers on 14 May. Planned expenditure is put at 245 billion riyals, and both the size and sectoral breakdown seem to contradict some of the guidelines to the five year plan announcement earlier in May.

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Saudi Arabia - Issue 24 - 19/May/1980

Summer slack won't bring down Saudi oil production

Piqued again by OPEC's failure to move back towards unified oil prices, the Saudis have boosted their own price by $2 and let it be known that they will continue lifting an extra 1 million b/d indefinitely. The fight is now on again for the next level of oil prices, with the Saudis lined up against the hawks. The Saudis appear this time to have every intention of winning.

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Saudi Arabia - Issue 23 - 05/May/1980

Capacity boost to 12mn b/d likely to drag up output

There seems little doubt that the Saudis have speeded up their capacity expansion programme to permit sustained output of 12 million b/d by next year. That does not mean they will actually produce as much initially, but there is plenty of pressure to increase output substantially. If they do, then they will have no choice but to spend a lot of money developing additional reserves.

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Saudi Arabia - Issue 22 - 21/Apr/1980

Terms of trade change with OECD countries in 1979

Final 1979 trade statistics for most of the major OECD countries provide a preliminary idea of how trade with Saudi Arabia developed during a year in which the kingdom's oil revenue jumped with successive price rises. Imports appear to have fallen off once again by as much as half, while Saudi Arabia's trade surplus as a percentage of tot a! trade turnover is now hovering around 30%.

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Saudi Arabia - Issue 21 - 07/Apr/1980

Mobil gets away first in the race to build ethylene plants

Mobil has become the first foreign joint venture partner to agree with Sabic on the construction of a giant ethylene plant, the kingpin of the Saudi petrochemical development plan. By doing so it has stolen a march on its competitors, even though such key matters as input prices and oil entitlements have yet to be decided upon. Shell is expected to be the next ethylene partner to sign.

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Saudi Arabia - Issue 20 - 24/Mar/1980

Political goodwill has not corrected trade imbalance

President Giscard d'Estaing's five-hour visit to Riyadh at the end of his tour of the Gulf states and Jordan has been described as of special significance by Prince Saud, the Foreign Minister. But political agreement is not helping France's growing trade deficit with the kingdom, and French trade officials see few ways to reverse the trend.

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African Energy Gulf States Newsletter