Energy Update

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NEW YORK, Oct 20 (Reuters) - Mauricio Macri's presidential
election victory in November was a clear signal to Diego Saez
Gil that it was time to move back to Argentina and take his
growing "connected luggage" startup with him.

DUBAI/LONDON, Oct 20 (Reuters) - The cost of insuring Saudi
Arabia's debt against default fell to its lowest this year and
Saudi bank shares jumped on Thursday in a sign that a mammoth
$17.5 billion bond issue has partly eased doubts about the
kingdom's ability to cope with cheap oil.

WASHINGTON, Oct 20 (Reuters) - The U.S. Treasury moved to
disrupt the fundraising and operation of the Iranian-backed
Hezbollah group on Thursday, imposing sanctions on four
operatives and a firm that have assisted the organization, long
seen as a terrorist outfit by Washington.

TORONTO, Oct 20 (Reuters) - Canada's main stock index
steadied on Thursday after hitting a near 16-month high the
previous day as gains in financial stocks helped offset mining
stocks weighed by a pullback in gold prices.

WASHINGTON, Oct 20 (Reuters) - The U.S. Treasury Department
took action on Thursday to disrupt the operations and
fundraising of the Iranian-backed Hezbollah organization,
imposing sanctions on four people believed to be Hezbollah
financiers and one firm, Global Cleaners SARL.

WASHINGTON, Oct 20 (Reuters) - A deal by a state-owned
Russian oil company Rosneft and others to buy India's Essar Oil
for $12.9 billion does not run afoul of U.S. sanctions on
Russia, the State Department said.

ABU DHABI, Oct 20 (Reuters) - The United Arab Emirates'
nuclear energy project has completed a $24.4 billion financing
for its first plant with most of the cash coming from state
sources, the developers said on Thursday.

* Nigeria attractive only for high-risk investors with
patience

TEHRAN/ISTANBUL, Oct 20 (Reuters) - Two years after Iran
pledged to open up its oil industry in anticipation of the
lifting of sanctions, foreign companies say they still have
little information about Iranian oil fields and contract terms,
hindering investment decisions.

LIBREVILLE, Oct 20 (Reuters) - A strike in Gabon by oil
workers at French company Maurel and Prom has cut
production from the Onal field to 10,000 barrels per day from
28,000 bpd normally, according to a statement from the oil
ministry late on Wednesday.

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