Issue 41

Oil & Gas

• Saudi Crude Exports At Ten Year Low

Corporate

• The KRG’s $850mn Oil Arrears Problem

OPEC

• Opec Output Stays Flat As UAE Starts Production Cuts
• Opec Banks On Peak Oil Being Two Decades Away
• US Output Tops 11mn B/D: Is This As Good As It Gets?

Geopolitical Risk

• Turkey’s East Med Drilling Campaign: Politics By Other Means
• Turkey’s ‘Game-Changer’ Black Sea Gas Find

Refining & Petrochemicals

• Saudi Petchems Shakeout Looms: What’s At Stake?

Power & Water

• Saudi Arabia’s Gas Consumption Flatlines As Oil Burn Rises
• SWPC Seeks Potential Bidders For Saudi Desalination Project
• Saudi Solar Price Falls: Could They Slow Investment?

Economics & Finance

• Iraq’s Economy Teeters Despite Q3 Revenue Rebound
• EBRD Fronts $250mn For $650mn Egypt Refinery Project

News In Brief

• Chevron Completes Noble Deal
• Egypt: First LNG Export Cargo In Three Months
• EBRD Approves Iraq Membership
• Sonatrach & Spain’s Naturgy Settle Gas Price Battle
• Advanced Expands Petchems Plan
• Acwa Control At Rawec As JGC Quits
• Apicorp Funding Dubai Solar

Selected Data

• Crude Official Selling Prices ($/B): Saudi Raises Key Light Grade Prices To Asia For November
• Benchmark Crude Prices ($/B)
• LNG: Asian Spot Prices At 9-Month High