Issue 40

Oil & Gas

• Egypt Gas Hub Ambitions Gather Pace
• Egypt Looks To Scrap FSRU-seless Lease
• Iraq: Record Oil Exports, Revenues At 6-Year High

Corporate

• Saudi Solar Plans: Crashing Like Icarus?

OPEC

• OPEC Production Up As Saudis Tout More In The Pipeline

Geopolitical Risk

• Iraqi Government Formation Gathers Pace
• KRG Vote: No Change
• Iran Awards Key Contract For Strategic Hormuz Bypass Project

Power & Water

• Aramco Ready To Fire Up Power Plant As Key Jazan Projects Near Completion
• Houthis Eye Tempting Target
• Aramco Seeks Sabic Loan

Refining & Petrochemicals

• Egypt’s Petchems Producers Step On The Gas
• Egypt LPG: Jekyll & Hyde

News In Brief

• Saudi-Kuwait Neutral Zone: No Deal
• Shamaran Plans EPFs at KRG
• UAE JV Joins Texas Petchems Project
• Saudi, Pakistan Talk Refining
• Noble Completes Tamar Farm-Down
• Cyprus Block 7 On Offer
• QP Gets Busy Overseas

Economics & Finance

• Saudi Steps Up Spending In Bid To Boost Economy

Selected Data

• Crude Official Selling Prices ($/B): Saudi Raises Key Asian Grades Ahead Of Next Month’s Price Formula Change
• Benchmark Crude Prices ($/B)
• Saudi Foreign Reserves* Hit An 18-Month High Of $510bn At End-August But Gains Over The Past Year Are Much More Modest Than The Near-50% Rise In Crude Prices