Issue 06

Oil & Gas

• Firms Step Up KRG Investments Despite Payments Falling By A Third
• DNO Plans To Double Capex In 2016
• South Sudan Attempts To Cut Sudan Oil Transit Payments
• NOC Targets Belie Libya’s Continuing Divisions
• Middle East Upstream Spending Faces Trying 2016

Transportation

• Iran Eyes Growing Gas Shipments To Armenia, Turkey
• Qatar Signs Long Awaited LNG Deal With Pakistan But Belt Tightening Continues

Refining & Petrochemicals

• Iran Inks First Post-Sanctions Petchems Deal: Will It Catalyze Sector Revival?

Power & Water

• Saudi Power Sector Needs $130bn Over 10 Years, Efficiency Targeted

OPEC

• Global Oil Overhang To Persist Throughout 2016

Geopolitical Risk

• Algeria Reaches Critical Crossroads
• Iraq: Baghdad, Erbil, Struggle To Correct Economic Course

Corporate

• Kuwait Mulls Further Oil Spending Cuts
• Morocco Inaugurates 160MW Solar Plant, Starts On Two More

Economics & Finance

• Morocco: QP Boost
• Egypt: Is Gulf Cash Enough To Counter Gas Collapse?
• The $100bn-Plus Cost Of Syria’s Civil War
• Ministry Claims $60bn Oil Sector Losses
• Saudi Deficit Financing ‘Straightforward,’ For Now
• The Name’s Bonds, GCC Government Bonds

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Iran’s Oil* Exports By Destination (‘000 B/D): Volumes Edge Up In January But Still 1.3mn B/D Down On 2011 Levels