Issue 50

Oil & Gas

• Israel: Pyrrhic Egypt Gas Arbitration Victory Sets Back Leviathan Hopes
• BP Finalizes WND Purchase
• Iraq Exports Top 4Mn B/D For First Time But Can It Continue?
• Saudi, UAE, Oman Hit Drilling Records But US Rig Count Free-Fall Continues

Transportation

• Dolphin Splashes On Debt, Stranded By Gas Impasse
• Bahrain LNG Plans

Refining & Petrochemicals

• Algeria Looks May Trim Refining Plan Further As Reduced Export Revenues Bite
• Sadara Starts Up First Unit At Giant Saudi Petchems Complex

Power & Water

• Saudi State Generator Taps $3bn Korean Funding, Eyes Large ISCC Project

OPEC

• OPEC’S $570 Billion Non-Decision
• Opec Production Rises Further As Opposing Camps Go Their Own Way
• Opec Opens Its Arms To A Net Importer

Geopolitical Risk

• South Sudan Oil Output Hike Remains A Distant Prospect
• Russian Allegations Bring Renewed Focus On Islamic State Oil Smuggling
• No Quick Fix To Turkey’s Energy Security Concerns
• Iraq: Abadi Faces New Crisis As Anti-Turkey Protest Looms

Corporate

• Oman To Invest Up To $4bn In E&P Despite Cash Shortage
• Oman Starts Qualification For Three New Desalination Plants

Economics & Finance

• Kuwait Mulls Subsidy Reforms As Oil Price Collapse Hurts

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Gulf Crude To Be Drawn Inexorably Eastwards (East Of Suez Crude Balance*, IEA^, Mn B/D)