Issue 51

Oil & Gas

• Can The KRG Keep Up Its Monthly Oil Payments?
• Aramco Management Revamp
• IOCs Continue Carbon Pricing Push After Paris Climate Deal

Transportation

• Leviathan: Stranded Between Low Prices And Anti-Netanyahu Backlash?
• Israel Green Lights Gas Framework

Refining & Petrochemicals

• Aramco Seeks $5bn Yasref Funds Taking Total Over $20bn
• Sabic And Exxon Start First Saudi Elastomers Plant
• Bahrain Signals Start Of Sitra Refinery Expansion, Targets 2020 Start-Up

Power & Water

• Jordan Powers Ahead With Renewables Expansion

OPEC

• Prices Hit 11-Year Lows With No Sign Of A Reprieve
• US Allows Crude Exports

Geopolitical Risk

• Libya: Fragile Peace Leaves Many Questions Unanswered

Corporate

• China, UAE Deepen Strategic Oil Partnership

Economics & Finance

• VAT’s The Way To Broaden The GCC Tax Base
• Iraq Trims Budget, But Not By Enough
• Egypt Secures $1bn Funding For Gas-Fired power, $500mn For Energy Reforms
• Egypt Scraps Plan To End Energy Subsidies

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Indian Crude Imports From Middle East Set To More Than Double To 4.4mn B/D By 2040-IEA*