Issue 24

Oil & Gas

• Iraq Lowers Sights On Capacity As Reality Sets In
• BP Stats Reveal ‘Tectonic’ Shift In Oil Industry Supply/Demand Balance
• Egypt On Road To Gas Recovery After Years of Stagnation
• Aphrodite Plan Filed
• IEA Cuts Mideast Gas Demand And Production Outlook
• Gas Faces Long-Term Uncertainty On Cheap Coal And Renewables
• Arab Energy Club Honors Walid Khadduri
• Joint Venture Exploration Chiefs Reshuffled

Transportation

• LNG Market Faces Considerable Demand Upside Amid Low Prices

Refining & Petrochemicals

• Iraq: War, Low Products Prices Stymie Attempts To Attract Downstream FDI

Power & Water

• Oman’s OPWP Targets 5% Efficiency Improvement In Power Generation

OPEC

• OPEC Sees Oversupply Easing; Output At 31mn B/D+ For Third Month
• Saudi Arabia Defends Policy, Slams Media Report
• Mena Oil & Gas: Key Production/Consumption Numbers From Bp’s 2015 Statistical Review

Geopolitical Risk

• Iran Touts Gas Export Progress, Plots Key Regional Role Post-Sanctions

Corporate

• KRG Says Oil Industry At Risk Over Non Payment

Economics & Finance

• Iran’s Fragile Banking Sector Under Threat From Government Rate Directives
• Egypt Taps Bond Market For First Issue In Five Years
• IMF $833Mn Iraq Loan

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Lng Exports By Country (Mn T): Australia Gaining But Qatar Still Way Ahead