Issue 43

Oil & Gas

• Genel Reveals Extent Of Its Kurdistan Woes
• Jordan: Opposition To Israel Gas Deal Strong But Ineffectual

Transportation

• China Crude Imports Hit Record Levels In 3Q16 As Middle East Volumes Soar (‘000 B/D)

Refining & Petrochemicals

• Egypt’s Refiners Struggling To Keep Pace With Products Demand

Power & Water

• Iraq’s Tentative Gas Gains Insufficient To Stem Oil Burn Growth

OPEC

• Iraq Invites Bids for 12 Fields in First Offering Since 2012

Geopolitical Risk

• No Winners In Yemen As Untenable War Drags On

Corporate

• Green Shoots Begin To Emerge As Oilfield Service Firms See Signs Of Revival

Economics & Finance

• Iran’s Banking Reform Bills Stalled
• Riyadh Stays Positive
• Jordan Raises $1bn New Eurobond As It Bags More Aid
• Oman’s 2016 Budget Deficit Soars

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• China Took A Record 4.49mn B/D From Opec In Q3, Boosted By Volumes From Iraq, Kuwait, Venezuela & Angola (‘000 B/D)