Issue 01

Oil & Gas

• East Med: Leviathan FID Stalls As ExxonMobil Looks To Cyprus Offshore
• Lebanon Takes Vital Steps To Opening Up Offshore Exploration

Transportation

• Sharara Restart Pushes Libyan Output Close To 700,000 b/d

Refining & Petrochemicals

• Abu Dhabi’s Takreer Awards Gasoline And Aromatics Contracts, Eyes Further Expansion
• Qatar’s Laffan Refinery 2 Goes Commercial

Power & Water

• Jordan Wind Farm Deals Concluded, Shale Still Awaiting Chinese Go-Ahead

OPEC

• Opec Starts Cutting From Record Annual High

Geopolitical Risk

• Iraq And Iran Only Exceeded By Russia In Global Gas Flaring

Corporate

• Iran Greenlights 29 Firms For Upstream Tenders

Economics & Finance

• Saudi 2017 Budget Boosts Spending But Slashes Deficit By One-Third
• Oman 2017 Budget Cuts Deficit By 44% With Brighter Prospects For Oil Revenues
• Egypt Financing CCGT Upgrades

Selected Data

• Benchmark Crude Prices ($/B)
• December To Be Decisive Month In Crowning China’s Top Crude Supplier For 2016 As Russia Pips Saudi To Top Spot In First Eleven Months (‘000 B/D)

Op-Ed & Documents

• In Memory Of Ian Seymour