Issue 49

Oil & Gas

• KRG Goes Fishing For New Investors, But Will They Bite?
• KRG Gas Export Plans Fade Away
• Kuwait Targets Heavy Oil Reserves With Eye On Future

Transportation

• US Hikes 2017 Output Forecast As Firms Prepare To Raise Spending

Refining & Petrochemicals

• Iran Inks Petchems Investment Deals With Japan & China, Shell Adds Upstream MoU

Power & Water

• Egypt Sparks Up First Megaproject But Scales Back Expansion Plans
• Egypt Bidding: Top Players Apache, Shell Expand Western Desert Acreage

OPEC

• Opec Hits New Record Output as Attention Switches to Non-Opec

Geopolitical Risk

• Qatar Wealth Fund QIA And Glencore In $11.3bn Rosneft Deal

Corporate

• Eni Cuts Zohr Stake: BP First Taker, Rosneft Next?
• Dubai Solar Power Purchase Deal

Economics & Finance

• Iran’s 2017-18 Budget Projects Higher Oil Revenue But Taxing Times Ahead

Selected Data

• Benchmark Crude Prices ($/B)
• ASIAN LNG PRICES: JAPAN SPOT IMPORT PRICES SET TO HIT $7/MN BTU IN DECEMBER*, HIGHEST SINCE JANUARY