Issue 13

Oil & Gas

• Saudi: Key Gas Start-Ups Increase Oil Field Flexibility
• Saudi Arabia Adds Butanol To Petchems Portfolio
• Kuwait Oil Sector Receives Triple Boost
• Kuwait’s MEG US Expansion

Transportation

• Israeli Court Ruling Pushes Leviathan Back Further

Refining & Petrochemicals

• Egypt Advances Refinery Upgrades As It Looks To Curb Record Fuel Imports

Power & Water

• Qatar Starts Construction Of 2.5GW Power/Desalination Plant, Eyes Solar Venture

OPEC

• Iraqi Downstream Data Highlights Deep Baiji Impact
• Iraqi Sales Gas Hits Record 924mn Cfd In February; Flaring Falls To ‘Only’ 65% Of Gross Output

Geopolitical Risk

• Abadi Surprises By Choice Of Left-Field Kurd As Oil Minister

Corporate

• Oman Output Set To Keep Edging Up
• Eni Follows BP, Chevron, QP In Looking To Strike Big On Morocco’s ‘Atlantic Margin’
• Mauritania Plans LNG As Majors Look To Farm In

Economics & Finance

• Egypt Unveils Development Plan To Revive The Economy
• Egyptian Pound Under Pressure
• Iran-Pakistan Trade Boost But Gas Line Still Far Off
• More Aid For Jordan, Lebanon And Tunisia
• Iran Debut Ijara Sukuk
• Kuwait Trade Surplus Collapse
• Bahrain Taps $570mn Islamic Oil Funds
• Saudi Cash Down 17%

Selected Data

• Benchmark Crude Prices ($/B)
• US Crude Stocks Keep Rising: Reach Record 532.5mn Barrels In March (Mn Bl, End Period)