​Gulf weekly: Qatar doubles hydrocarbon reserves and talks with Saudi

GULF COUNTRIES - Report 01 Dec 2019 by Rory Fyfe and Justin Alexander

The weekly is a skimmable summary of key developments by country, overlaid with our analysis and links to further information. Headlines include:

* Aramco’s IPO has received $74bn in domestic orders but only $3bn internationally so far.
* Qatar sharply hiked its gas and oil reserves and upsized its LNG expansion by 50%.
* Details of a secret visit by Qatar’s foreign minister to Saudi Arabia in October boosted hopes of an end to the Gulf dispute, possibly at the GCC Summit in Riyadh on 10th December.
* ​Dubai's​ economy grew by 2.1% in H1, in line with the Q1 trend.
* Oman launched a new domestic sukuk program and said it was considering selling a 15-25% stake in Oman Oil and Orpic Group.
* S&P raised Bahrain’s rating outlook to positive.
* Lebanon repaid a bond but Hariri clarified he would not stand again as prime minister.

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