Issue 51/52

Oil & Gas

• Iran Readies Improved Terms In Bid To Attract IOCs To Upstream ‘Paradise’
• Egypt Starts Payments
• Kurdish Oil Enters Turkey But No Exports Yet
• Sonatrach Slammed
• Libya: One Step Forward, Two Steps Back
• Oman, BP Sign Final Khazzan Tight Gas Deal
• Noble Energy Outlines Its Levant Gas Export Options
• Lebanon LNG Imports A Distant Prospect Amid Bidding Confusion
• Bid Round Confusion
• MENA Active Drilling Rigs November 2013*
• Exploration Ramp-Up: Oman & Abu Dhabi Rigcount 1982-2013*

Transportation

• Suez Canal Traffic, 3Q 2013

Refining & Petrochemicals

• Qatar Awards Al-Sejeel FEED, Part Of 7mn T/Y Petchems Expansion
• GPCA Urges Petchems Firms To Save Water

Power & Water

• Algeria Awards $4Bn EPC Contracts For Six CCGT Plants
• Kuwait Closes Al-Zour EPC, Finance Deals

OPEC

• US Hikes Mid-Decade Output Estimates By 2mn B/D

Geopolitical Risk

• US And Saudis At Odds Over Syria
• Saudi-Iranian Rivalry Goes Regional
• South Sudan Fighting Spreads To Oil Fields

Corporate

• Abu Dhabi’s IPIC Pushes Ahead With Downstream Plans
• Petro Rabigh Expects Marketing Deal To Boost Income

Economics & Finance

• MENA Economic Divergence Set To Widen In 2014-Fitch
• Egypt Announces $4.3Bn Stimulus Package

Op-Ed & Documents

• Iran: The Subsidy Dilemma

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• MENA Foreign Direct Investment Inflows ($Bn, Net), Cumulative FDI 2004-2012 ($bn, net)