Issue 20

Oil & Gas

• Abu Dhabi Shakes Up Adnoc Management
• Cairo Hopes To Garner New Interest In Old Acreage
• S&P Negative On Egypt

Transportation

• Saudi Products Records Tumble With Europe The Target Market
• Suez Canal Oil Data (‘000 B/D)

Refining & Petrochemicals

• Iran Taps China For $1.5bn Refinery Upgrade, Warns Over Lack Of Upstream Progress

Power & Water

• Algeria Boosts Renewables Investment Terms, Looks To EU For Funding
• Saudi Edges Up Capacity, Looks To IPPs For Boost
• EBRD In $530mn Egypt & Jordan Solar Boost
• Chinese Firm Enters Jordan Oil Shale-To-Power Plans
• EU Breathes New Life Into Red-Dead Project

OPEC

• IEA, OPEC Boost Demand Growth Forecasts

Geopolitical Risk

• Libya Output Down, Risk Of Further Collapse

Corporate

• Saudi Gas Expansion Plans Progress With Tender Award
• Saudi Relaxes Rules For Foreign Investors

Economics & Finance

• Saudi 2030 Plans: Turning The Vision Into Reality
• Iran Gets Sound Advice From IMF, But Will It Be Heeded?
• Iran Cuts Heavy Crude OSP By Unprecedented 20¢/B Since February Versus Competing Saudi Arab Medium In Bid To Regain Asian Market Share

Selected Data

• Saudi Arabia Key Oil Data (‘000 B/D): Products Output, Exports Hit New Highs In Q1 (‘000 B/D)
• Suez Canal Q1 Data: Oil Volumes Up On Year But Revenue Down
• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Moody’s* Downgrades Saudi. Oman And Bahrain Ratings Cut For The Second Time In Three Months