Issue 51

Oil & Gas

• Will A Resurgent Iran Flood Oil Markets In 2021?
• Sudan Looks To Reverse Upstream Decline With 2021 Bidding

Corporate

• DME Oman: Assessing A Key Middle East Benchmark

OPEC

• Opec, IEA Counter Market Euphoria With Demand Downgrades
• LNG Prices Soar On Record Buying
• China Challenges USA As Top Crude Refiner
• China’s Imports Of US Crude & LNG Are Running At Record Levels

Geopolitical Risk

• Iraq’s Northern Oil Infrastructure Under Attack From Islamic State
• Jeddah Attack Highlights Red Sea Tanker Threats

Refining & Petrochemicals

• Egypt’s Qalaa Looks To Restructure ERC Debt

Power & Water

• Saudi Crude Burn Tumbles In October
• Saudi Awards Desal Deals

Economics & Finance

• Saudi Arabia Moves Towards 50:50 Oil, Non-Oil Revenue Split
• Tunisia’s Debt-Fueled Revolution Marks 10 Years
• Libya Devalues Currency

News In Brief

• Libya’s Sirte Oil Hits 100,000 b/d
• Petrofac Completes Feed For Waha Project In Libya
• Tunisia Eyes 60,000 B/D From Existing Fields
• Iran: US Petchems Sanctions
• Safco Shuts Fertilizers Plant
• Oman Eyes India Refinery Exit
• Jordan Gas Boost
• Energean Closes Edison Takeover
• Dana Petroleum: $47mn Egypt Write-Off

Selected Data

• Saudi 10M20 Jodi Data (‘000 b/d): Oil Burn Down 10% With Crude Burn At 6-Month Low 391,000 b/d
• Crude Official Selling Prices ($/B)
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• Gulf Drilling Falls To New Lows