Issue 03

Oil & Gas

• Japan Expands Role In Abu Dhabi Upstream
• Oman Divvies Up Output Cuts Among Operators

Transportation

• Suez Canal Handles Record Gulf Crude, Diesel But Revenues Down In 2016

Refining & Petrochemicals

• Bumper November Leaves Saudi On Course To Break Oil Export, Refining Records

Power & Water

• Jordan Keeps Up Renewables Momentum With Solar Award & New Tender

OPEC

• IEA, Opec Bring Forward Projected Market Rebalancing

Geopolitical Risk

• Outgoing Obama Lifts Sudan Sanctions

Corporate

• Kuwait Energy Shuns EBRD For Vitol Cash
• Gemsa Up For Circle As Egypt Minnow Shakeout Continues

Economics & Finance

• Egypt Launches Eurobond Roadshow As It Looks To Drum Up $35bn Over Three Years
• Saudi Eyes $30-50bn Renewables Spend
• Algeria Deficit Tops $17bn; Is Reserve Fund Finished?
• Libya Hit By Blackouts
• IMF Slashes Saudi Growth Forecast – Based On Questionable Assumptions
• GCC Sovereigns Set Out Plans To Boost Their Balance Sheets

Selected Data

• Benchmark Crude Prices ($/B)
• Saudi Arabia Crude Supply: 2016 Set To See Record Exports, Refinery Runs (Mn B/D)