Issue 16

Oil & Gas

• PDO Accepts Oman Oil Ministry Challenge To Drive Push To 1mn b/d
• Oman’s Offshore Hopes Take Hit With Total Exit
• Qatari LNG Faces Up To Uncertain Global Climate
• Qatar Gears Up For Growing US Condensate Exports, And Middle East Competition

Transportation

• MENA LNG Exporters Set To Lose Market Share

Refining & Petrochemicals

• Egypt’s Midor Refinery Signs Up UOP For $1.4bn, 60,000 b/d Expansion
• Petro Rabigh Plans $1.9bn Rights Issue

Economics & Finance

• Jadwa Lowers Saudi Oil Price Forecast, Predicts Further Fundraising
• IMF Warns Qatar Of Budget Deficit
• Algeria Oil Cash Down
• After Iran’s Nuclear Deal, Economic Reforms Are A Must
• Egypt’s Economy: Still A Long Road To Recovery

Power & Water

• Oman’s Forecasts 85% Power Demand Rise To 2021; Gas Shortage A Worry
• Turkish Parliament Okays Second Nuclear Project
• EGYPT PLANS 2.1GW POWER CAPACITY HIKE TO AVOID SUMMER BLCKOUTS

OPEC

• US OUTPUT RISE TO CONTINUE TO 2020-EIA
• Zanganeh: OPEC Should Cut Output ‘At Least 5%’

Geopolitical Risk

• Libya: UN Optimism On Talks Belies War Preparations On The Ground

Corporate

• Keystone Says KRG Investment Awaits Payment

Selected Data

• SOUTH KOREAN 1Q15 CRUDE IMPORTS: SAUDI AND KUWAIT REMAIN TOP AS IRAQ MUSCLES INTO 3RD (‘000 B/D)
• CRUDE OFFICIAL SELLING PRICES ($/B)
• Benchmark Crude Prices ($/B)
• QATAR’S TOP LNG CUSTOMERS (MN T/Y)... ...BY REGION (%): ASIA NOW TAKES OVER 70% 18 WITH EUROPEAN BUYING LITTLE OVER HALF 2011 LEVELS