Issue 52

Transportation

• Baghdad Offers Guarantees For Export Pipeline Mega-Project
• Suez Canal Traffic

Oil & Gas

• Indonesia’s Pertamina Pays $1.75bn For ConocoPhillips Algeria Assets
• Abu Dhabi’s 3.5Mn B/D Target Slips To 2019
• Libya Output Hit By Strikes
• Use Of Cypriot Gas Deposits As Collateral Premature Says Kassinis
• MENA Active Drilling Rigs, November 2012
• Northern Morocco Joins Farm-Out Fever
• Cyprus Ends Gas Block Talks With French-Russian Consortium

OPEC

• Badri Urges Straight Course

Corporate

• KRG Investors Plough On Despite Rising Tensions
• Dana Gas Agrees $1Bn Sukuk Restructuring

Selected Data

• Benchmark Crude Prices & Saudi Arabia - Economic Data

Refining & Petrochemicals

• Iran Starts Up West Ethylene Pipeline And First Kavian Cracker
• KNPC Awards Clean Fuels Contract To Foster Wheeler

Power & Water

• UAE Signs Nuclear Deal With Russia

Geopolitical Risk

• Israeli-Turkish Normalization Talks May Include Energy Parameter
• ‘Mam Jalal’ Stroke Leaves Political Vacuum

Economics & Finance

• Iran’s Oil Revenue Projected To Fall 50% In Current Year
• EBRD Approves $100Mn For Jordan Power Plant
• Lebanon’s $2Bn Issue Meets Limited Market Appetite
• World Bank Unveils Growth Strategy For Iraq

Op-Ed & Documents

• Why The Middle East Will Lead The World In Developing Sustainable Energy