Issue 14

Oil & Gas

• New Adnoc Supremo Commits To 3.5mn b/d Output Target Amid Leadership Shakeup
• The World's Top Swf Holdings ($Bn, By Country): Abu Dhabi Is Second Only To China
• Middle East Drilling Remains Robust Despite Upstream Capex Cuts

Transportation

• Mid-East LNG Demand‘A Driving Force’ In 2015

Refining & Petrochemicals

• Aramco JV Takes Over 2mn t/y Of Global Elastomers Capacity
• Sabic/Exxon Complete First Elastomers Unit
• Israel Refineries Flat Out In 2015, Making Most Of Margins

Power & Water

• Iran’s Power Plants Increase Gas Burn, Face Competition For Supplies

OPEC

• OPEC Output Falls Ahead Of Meeting As UAE Outage Outweighs Iran Gains

Geopolitical Risk

• Prepayments Save KRG From Export Revenue Collapse
• Iraqi Export Revenue Edges Up As Political Uncertainty Escalates

Corporate

• Petroceltic: Worldview Or Bust

Economics & Finance

• $22bn In Saudi Cash And Products To Keep Egypt Afloat
• Saudi Crown Prince Plots $2,000bn Mega Wealth Fund

Selected Data

• Benchmark Crude Prices ($/B)
• LNG Exports By Country (Mn T): Australia Gaining But Qatar Still Way Ahead