Issue 18

Oil & Gas

• Iraqi Kurdistan Producers Seek Positives In Challenging Environment

Transportation

• The UAE Gears Up For Second FSRU As Fujairah Terminal Looks Uncertain
• Japanese LNG imports 1Q16: MENA Earnings Drop More Year-On-Year Than Export Volumes

Refining & Petrochemicals

• Sadara Starts Up Second PE Unit: Commissioning ‘Going Well’
• Sipchem Plans Sukuk To Diversify Funding Sources

Power & Water

• OPWP Pushing Spot Market Development, Eyes GCC Electricity Trading
• UAE Tendering 1.15GW Of Solar, Dubai Receives Record Low Bid

OPEC

• Iraqi Crude Export Volumes Approach Record Highs

Geopolitical Risk

• Global Military Spending Up In 2015, Saudi Arabia In Third Position

Corporate

• Tamar Gas Gives Noble East Med Boost
• Service Firms Merger No Go
• Egypt, UAE Production Gains Lead Dana Gas Output Rise

Economics & Finance

• Iran Approves Higher Budget Spending In 2016-17
• Turkey To Cut Coal Imports

Selected Data

• Japan Takes In More Opec Crude And Condensate As Imports Rise In 1Q16 ('000 B/D)
• Benchmark Crude Prices ($/B)
• IMF: 2016 MENA Growth Projections - Almost Everywhere Revised Down (%, By Date Of Forecast)