Issue 21

Oil & Gas

• Algeria Maintains 2015-2019 Production Plan, Keeps Quiet On Shale
• Wintershall Exits Qatar Gas Block
• With Time Running Out, Iran’s IPC Yet To Get Green Light
• BP Steps Up Egypt Commitment But IOC Receivables Climb Again
• Apache Exceeding Expectation
• Receivables Up 4% But Fortunes Vary
• GKP Not Stirring On 36,000 B/D Shaikan 2015 Target

Transportation

• Iraq To Revamp Basra Port As It Launches Heavy Grade
• Jordan To Receive First LNG Cargo On 25 May

Refining & Petrochemicals

• Sonatrach Revises Algeria Petchems Strategy, But Feedstock Issues Remain

Power & Water

• Egypt Seeks Funding For Coal Plant, Officially Inaugurates 2GW Of Capacity
• Jordan Taps Arab Fund For Power Expansion

OPEC

• Solar To Not Eclipse Oil For Decades To Come: Naimi
• Saudi Arabia Crude Production And Exports Hit Record Highs (‘000 B/D)

Geopolitical Risk

• South Sudan: Remaining Oil Output Under Threat

Corporate

• Companies Scale Back Libya Expectations
• Chinese State Firm Secures Abu Dhabi Field Contract
• Gulfsands Cash Crunch

Economics & Finance

• IMF Warns Of Precarious Fiscal Outlook For Oman
• Orpic Seals $0.9bn Financing For $7bn Projects Program

Selected Data

• Benchmark Crude Prices ($/B)
• The World's Top Crude Importer (Mn B/D)