Issue 48

Oil & Gas

• Saudi Arabia Must Look Overseas To Realize Gas Export Dream
• Wintershall Joins Eni In Abu Dhabi Sour Gas
• Libya Steps Up Drilling
• China Imports: Aramco Claims Ring Hollow As Russia, Iraq Notch Up Record Volumes

Corporate

• Israel Bidding: Larger Blocks, More Interest?
• Japan’s Inpex Challenges Traditional Heavyweight Producers In Mena

OPEC

• OPEC Faces $200bn+ Question Next Week In Vienna

Power & Water

• SEC Plans Powergen Subsidiary As Step Towards Break-Up
• Jordan Wind Awards EPC To Denmark’s Vestas

Geopolitical Risk

• Jordan Energy Goals Remain Hostage To Geography

Refining & Petrochemicals

• Kuwait Launches Refining Expansion Plan, Readies For Clean Fuels Commissioning
• KNPC Eyes New Gas Trains

Economics & Finance

• Saudi Arabia Bags $118bn Trade Surplus In 9M 2018
• GE Secures Initial Finance For Iraq Power Plans

News In Brief

• Iraq To Keep Up 2019 Asia Exports
• Iran: CNPC Takes Over Total Stake
• Japan Winds Down Iran Oil Imports
• Saudi Loans Tunisia $500mn
• Cyprus: Total, Eni Expand
• UAE: New Water/Power Authority
• Oman Takes Stock Of Oxo Plans

Selected Data

• India LNG Imports (Mn Tons): Qatar Up In Q3, Oman At Record Levels But Mena Market Share Down
• Benchmark Crude Prices ($/B)
• US Net Oil Imports (Mn B/D): Over 12mn B/D As Recently As 2007, US Net Oil Imports Are Forecast* To End 2019 At A Mere 330,000 B/D, Less Than 2% Of Demand