Issue 17

Oil & Gas

• Iraq Out Of Pocket As It Boosts Oil Payments To IOCs
• UAE: South Koreans Hope To Expand Presence Through Adco
• BP: Khazzan Unaffected By Oil Price Slump
• Lukoil Eyes Iran Return
• Italy’s Enel May Exit Algeria’s Upstream
• Repsol, Gdf Suez, Enel Strike Gas At Sud-Est Illizi Block
• Kuwait Finds New Oil At Home As It Goes Shopping In Tunisia
• Egypt Cancels Summer In Bid To Avoid Power Cuts

Selected Data

• EGYPT OFFICIAL JAN-FEB 2015 CRUDE & OIL PRODUCTS OUTPUT & DEMAND (‘000 B/D)
• SAUDI ARABIA OFFICIAL CRUDE & OIL PRODUCTS OUTPUT, TRADE & BALANCE (‘000 B/D)
• Suez Canal Revenue And Volumes 1q15 (‘000 Tons)
• Chinese Q1 2015 Crude Imports (‘000 B/D)
• Us Petroleum Imports, Exports, Demand (‘000 B/D)
• Benchmark Crude Prices ($/B)
• EIA FORECASTS FOR US NET OIL IMPORTS TO 2040 (MN B/D)

Transportation

• Oman’s LNG Strategy Hinges On New Supplies, Production

Refining & Petrochemicals

• Aramco Awards Final Big Jazan Contract; Yasref Ramp-Up Boosts Light Products

Power & Water

• Aramco Secures Jazan Feedstock; More Saudi Projects Planned
• Gamesa On For Egypt Wind Farm

OPEC

• OPEC Takes Revenue Hits But Stays Course On Output

Geopolitical Risk

• Firms Face Up To Mounting Libya Write-Offs

Corporate

• Middle East NOCs To The Rescue As Capex Cuts Hit Services Firms
• Saudi Petchems Earnings Fall Further As Oil Price Blight Continues

Economics & Finance

• Saudi Bourse To Open To Foreign Investors in June

Op-Ed & Documents

• The Image Of GCC Oil Policy In The Western Media