Energy Update

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GENEVA, Dec 22 (Reuters) - Nigeria's commercial capital
Lagos faces a water crisis that is creating unacceptable
conditions for millions of people, a U.N. expert said on
Thursday, but an official in the megacity said spending was
being increased to alleviate the problem.

ICAHN SAYS CONCERNED ABOUT MARKET ON THE SHORT TERM

LONDON/MILAN, Dec 22 (Reuters) - British shares edged up to
two-month highs on Thursday, led by gains in the energy sector
and among precious metals miners.

Dec 22 (Reuters) - U.S. President-elect Donald Trump called
for the expansion of the United States' nuclear capabilities
until the world "comes to its senses," but gave no other details
in a tweet on Thursday.

TUNIS, Dec 22 (Reuters) - The reopening of western Libya's
main oil pipelines puts ambitious production targets within
reach, but the shadow of an unresolved conflict and the risk of
new blockades hang over potential output gains.

* Media reports about tensions in Engie boardroom

(Adds AMF comment in third paragraph)

PARIS, Dec 22 (Reuters) - The chief executive of French
energy group Engie has sent a complaint to the French
financial markets regulator warning of attempts to undermine the
company, an Engie spokesman said on Thursday.

CAIRO, Dec 22 (Reuters) - An OPEC committee responsible for
monitoring compliance with a global agreement to reduce oil
output will meet in the first half of January, Kuwait's oil
minister said on Thursday.

DUBAI, Dec 22 (Reuters) - Saudi Arabia's stock market edged
up on Thursday before the release of the kingdom's state budget
for 2017, while Egypt's uptrend slowed. Other Gulf markets were
mixed in modest trading volumes.

RIYADH, Dec 22 (Reuters) - Saudi Arabia said on Thursday it
had successfully cut into its huge state budget deficit this
year and will increase government spending in 2017 to boost
flagging economic growth.

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