Issue 10

Oil & Gas

• Iraqi Kurdistan Seeks Financial Assistance As Oil Revenues Plunge
• Iraq’s Gas Flaring Falls But Levels Remain Huge
• Japanese Condensate Imports Fall In 2015, But Iranian Volumes Up, Near 50% Of Total* (‘000 B/D)

Transportation

• Indian Crude Imports (‘000 B/D): Iraq Doubles Volumes To Rival Saudi As Top Supplier... As Volumes From Saudi, Iraq Both Top 1mn B/D In December, Uae Overtakes Kuwait As Opec Supplies Hit Almost 90%
• Aramco Moves Downstream In Bid To Cement Position In Indian Market

Refining & Petrochemicals

• Algeria Looks To Get Refining Expansion Back On Track With FEED Awards

Power & Water

• Egypt Eyes 11.6GW Of Coal-Fired Power, Easing Pressure On Gas Supplies

OPEC

• Iraq, Nigeria Outages Lead Opec Production Fall
• Iraq Output Falls From January Record, Double-Counting Confusion Reigns

Geopolitical Risk

• BP: Mideast Moves To Center Stage In Cash-Constrained Times

Corporate

• Apache Turns To Egypt For Bargain Barrels Amid Capex Cuts
• Mideast Focused Services Firms Pare Losses

Economics & Finance

• Saudi Arabia Eyes International Loan But Risks Credit Downgrade
• Iran Could Face Major Banking Crisis Post-Sanctions

Selected Data

• Benchmark Crude Prices ($/B)
• Saudi Aramco Contract Prices For LPG Exports ($/T)