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Publication: European Stars and Stripes Monday, December 3, 1990

You are currently viewing page 19 of: European Stars and Stripes Monday, December 3, 1990

     European Stars and Stripes (Newspaper) - December 3, 1990, Darmstadt, Hesse                                Page 20 the stars and St filpes monday december a 1990 is in Riyadh saudi Arabia of a us. Energy Secretary James Watkins held talks sunday with saudi arabian Oil minister Hisham Nazer on contingent Oil plans if War Breaks out in the persian Gulf. Watkins who arrived late saturday was also scheduled to go to Dhahran the capital of the kingdoms Eastern Oil producing Region on the Gulf. Informed sources speaking on condition of anonymity said Watkins and Nazer were expected to discuss the planned expansion of saudi Aramco the kingdom s a european weather forecast Tor monday mostly Csc tidy in the  rain and anew a Brett and and Howare. Northern Ger. Many and the Benw Lua wet a Merfy Cloudy with wot Atad rain and tog by mkt Verloo a it Anas web mostly Cloudy with ram and now mixed and Enma How. Vida we become Gusty from toe Northwest. High temper Alume 4046 North 30-36 South Low 26-31. Purteet monday 4 24, a unripe tuesday &06.0utfeofc Tor tuesday Moat Doudy Kwh mainly Snow and now Showki Gusty Norm Tunde Wail continue end temperature we be colder. Highs 32-37 North 28-32 South Low 25-28. Tempera was recorded sunday a. 4am 4pm 4�m 4pm Adana e 65 66 Copenhagen Fig 32 41 Amsterdam do 45 45 Fra Murt Fig 32 34 Athena c 55 57 London c 41 43 Valano p 25 41 Madrid. A. 33 52 Berlin. Do 30 34 Munich s 25 30 Bren Haven c 36 44 pahs c 36 43 44 rom t 3fl 43 43 40 Brussels in. A provided by 01 13,2nd we Avoir who Graben Trarbach. Other worldwide temperature ugh Low Cato f m m Matt. T Dhahran 79 67 Montreal Dumn c 46 39 Moscow c he wow c 36 16 Olio e Jerusalem i 75 55 Toronto a Lisbon c 59 41 Vancouver a 43 32 a supplied Fry toe associated press. A Cloudy. I Snow fair to fog do . Temperatures blow 1 72 46 30 32 27 32 25 tonal Oil giant the organization of Petroleum exporting countries and possibly a plan to keep Oil on the world Market in the event of War. The sources said the United states and saudi Arabia Are discussing a arrangement under which the americans would draw Down their strategic Oil reserves to keep Oil prices lower if Gulf production were suddenly halted by armed  Arabia would reimburse the United states at a later Date the sources added. No details of such an agreement have been made Public. Saudi Aramco the worlds largest Oil producing company is now pumping nearly 8.5 million barrels of Oil a Day. Before the crisis its open quota was 5.38 million barrels a Day. A $15 billion expansion project was previously slotted to proceed during the next decade but the crisis prompted the government to quicken the Pace. Now Industry sources say saudi Aramco will be capable of producing 10 million barrels a Day by 1994. Saudi Arabia the world s largest Oil exporter boosted its output to meet the shortfall of about 4 million barrels a Day of iraqi and kuwaiti Oil since iraqis aug. 2 invasion of the tiny emirate. The move along with extra output from Opecz a other 12 Mem oers has helped prevent prices from december 1 skyrocketing. Oil doubled to around $40 a barrel soon after iraqis invasion and is now $30 to $35 a barrel. If War Breaks out prices could shoot up to $50, $60 or even $100 a barrel according to estimates by various Oil  rates London up fridays rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars Gow was quoted it 1382.25 an ounce i�vwh11. Nov 29 1.9575 .,.1.4805 .5.026 ,1.6795 30.71 .1,117.95 .,.1.268 152.96 z,805.90 British Pound German Mirk. French franc. Dutch Guhde. Belgian franc italian Era. Swiss franc. Greek drachma. Turkish lire.,.,. Saudi arabian rid .3,7503 Spanish peseta,.-,.,,�?z�?z.,94.65 portuguese escudo. 130.98 Canadian Dollar. �?z.1.1645 austrian Schilling .10,4700 norwegian Krone -.,.5.8140 danish Krone -,�.5j140 these Are unofficial rates As reported Quot by wire service and banking sources and they Are listed to give some idea of daily currency fluctuations. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.47 monday based on fridays noontime Price fixing. V nov. 30 1.9440 1.4990 5.063 1.6990 31.02 1,122.00 1.276 154.91 2,630.40 3.7503 95.55 132155 1.1648 10.5910 5.b805 5.7775 , Akron Canton Albany,n.v.,c Albuquerque Allentown Amir Flo. Anchorage ashes if Atlanta Atlantic City. Austin Baltimore Baton Rouge  a Barm Ngiam Bismarck  Boston Bridgeport. 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