Issue 16

Oil & Gas

• Iran Aims For Bid Round By July To Speed Up IOC Return
• Flaring Advances Ignite Iraq’s Gas Sector
• Libya Lays Out Plans For Output Hike

Transportation

• Saudi Supplies Record 10.5mn b/d As Stock Draw Continues; Runs Hit New Peak

Refining & Petrochemicals

• Saudi Petchem Firms Slide Further In Tough Market, Sabic Looks To Consolidate

Power & Water

• Irena Sees Renewables Growth In MENA, But Less Than Elsewhere

OPEC

• Crude Price Gains Further Reduce Incentive For Output Freeze

Geopolitical Risk

• Obama Looks To Mend Fences In Riyadh

Corporate

• Eni: Unlikely Libya Boost Returns North Africa To Center Stage
• Corporate Profile: OMV Looks To Iran To Re-Boot MENA Portfolio

Economics & Finance

• Saudi Plans $10bn Loan, First Since 1991
• Lebanon: $1bn Bond Success
• Yasref Secures $4.7bn Loan To Release Capital
• Algeria Oil & Gas Revenues Collapse Further
• Iran Seeks EU Support In Accessing US Banks
• Imports Of Iranian Crude & Condensate Rise Strongly; But Is It Sustainable?

Selected Data

• South Korea 1Q16 Crude Oil & Condensate Imports ‘000 B/D: Iran Volumes Double To Highest Level Since 2011
• SOUTH KOREAN 1Q16 LNG IMPORTS: VOLUMES EDGE UP BUT PRICES CONTINUE TO FALL
• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• US 2016 & 2017 Crude Output Forecasts Have Been Revised Down By Almost 500,000 B/D In Just The Last Two Months... With Output Now Set To Contract By 830,000 B/D This Year And 560,000 B/D In 2017