Issue 04

Oil & Gas

• Post-Sanctions Iran Courts Admirers
• Shell’s $70bn BG Takeover Gets Green Light
• Iran Gas Production Set To Rise While Exports Remain Low

Transportation

• Suez Canal Oil Transit Hits 2015 Peak But Revenues Fall

Refining & Petrochemicals

• Iran Targets Downstream Sector Revamp In Post-Sanctions Era
• Egypt’s $3.7bn ERC Project On Schedule

Power & Water

• Egypt Looks Eastwards For Big Power: To China For Coal, To Russia For Nuclear
• Can Climate Change Catalyze Middle East Economic Reform?

OPEC

• OPEC Risks Becoming An Irrelevance As Revenue Again Tanks
• OPEC Revenue Lowest For 11 Years; Markets Indicate Further Slide In 2016

Geopolitical Risk

• Libya’s NOC: ‘Oil Field Guards Are Worse Than IS’
• Iraq’s Leaders Admit To Economic Woes

Corporate

• Oilfield Services Firms Face More Cuts: Middle East Activity Remains Resilient
• Kuwait Energy Reverses Production Decline With Iraqi Start-up
• Kuwait Strikes Overly Optimistic Stance On PNZ

Economics & Finance

• Algeria’s Oil & Gas Revenues Plunge 41% In 2015
• IMF: Saudi Fiscal Reforms A Positive Step, More Needed
• Masdar Eyes $300mn Investment In Jordan Solar

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• IEA Has Mideast To Supply Over 10mn B/D Of Projected* 14mn B/D 2013-40 Global Oil Supply Growth