Issue 39

Oil & Gas

• China, Iraq Eye Enhanced Economic Cooperation
• Iraq Trade: China Record, India Up, Europe Up More

Corporate

• Aramco: Impressive Output Rebound, But Effects Will Linger

OPEC

• China: Record Saudi Buying But Less Vulnerable Than Japan & Korea

Geopolitical Risk

• Iran & US Ramp Up The Brinkmanship

Refining & Petrochemicals

• Egypt Eyes 20% Boost To Distillate Output

Power & Water

• Riyadh’s SWCC Privatization: Desalination And Powergen Assets On The Block

Economics & Finance

• Iran Scrambles To Plug Budget Deficit
• Turkey Keeps Buying Iran Gas

News In Brief

• India: Bumper Iraq Buying
• Algeria: 15 Years For Intelligence Chief Said Bouteflika
• Total Algeria Petchems Plant Licences Propylene Technology
• Abu Dhabi Nuclear: Certified
• Mubadala Slapped With $1.1bn Compensation Tab
• Abu Dhabi $10bn Bond…
• …As Bahrain Bags $2bn
• Jordan Court Nixes Opposition To Israel Gas Deal
• Israel Set For New Year Election
• Egypt Gas Output: More Records
• Weatherford Gets Adnoc Contract
• Lebanon Currency Crisis

Selected Data

• Benchmark Crude Prices ($/B)
• Saudi Oil Stocks: Low & Falling