Issue 51/52

Oil & Gas

• A “Mini-Shell In The Making” In Oman
• Israel PM Netanyahu Approves Historic $35bn Egypt Gas Export Deal
• Israel to Launch Bid Round Despite Ongoing Tensions

Corporate

• Acwa Completes Bahrain Asset Purchase

OPEC

• Venezuela Blockade Caps Year of Geopolitical Volatility for Oil Markets

Geopolitical Risk

• Syria Plans New Refinery In Downstream Revamp
• Syria Eyes Major Players for Offshore Blocks

Refining & Petrochemicals

• Sabic Withdraws From Oman’s Duqm Petrochemical Expansion Project

Power & Water

• Kuwait’s Power Sector Faces Another Tough Year
• Israel Faces Electricity Price Hike Over Gas Price Dispute

Economics & Finance

• Saudi Exports Supported By Fall In Domestic Oil Demand

News In Brief

• Adnoc Raises $13bn Financing
• Oman-EDF Sign 120mw Wind PPA
• Oman India Sign $10bn Trade Deal
• Chevron’s WQ-2 Chances Improve
• Kuwait’s Al Zour Refinery Units Back Up and Running
• Croatia’s INA Returning to Syria
• Cyprus Appoints New Energy Minister
• Midad Energy in the Running for Lukoil Assets?

Selected Data

• Benchmark Crude Prices ($/B)
• Egypt Rig Count Rises To Two-Year High 124 In October