Issue 40

Oil & Gas

• Abu Dhabi Oil Shakeup Continues With Offshore Consolidation
• Qatar Finally Agrees To Boost Dolphin Gas Deliveries To Uae
• Iraq’s Falling Crude Burn Bolsters Exports

Transportation

• Libyan Output Tops 500,000 b/d As Loadings Continue
• Asian LNG Imports Down 1% In First 8 Months Of 2016 After 3% Fall Last Year (Mn Tons)

Refining & Petrochemicals

• More Delays, Cost Hike At Saudi Petro Rabigh JV
• Egypt Butadiene Start-Up

Power & Water

• Saudi Electricity Seeks Outside Funds For 5.4GW Capacity Hike
• Fadhili Fired Up

OPEC

• Record Opec Output Puts Onus On Saudi To Cut

Geopolitical Risk

• Iran: First IPC Contract Signed, But Foreign Firms Remain Cautious

Corporate

• Shell Restarts LNG Exports From Gas-Strapped & Cash-Strapped Egypt
• EGPC Bags $100MN APICORP Loan

Economics & Finance

• IMF Praises Iran’s Planned Reforms, But Implementation Is Questionable
• Egypt Reserves Rebound, Currency Takes Further Pounding
• Saudi Sugars Wage-Freeze Pill

Selected Data

• Latest IMF Data: Iraq Was The Key MENA Loser From The 2015 Oil Price Collapse...
• US Key Oil Data (‘000 B/D): Production Edges Higher In September*; Is This The Bottom?
• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Russian Oil Output Breaks 11mn B/D In September, On Track For Annual Record