Issue 28

Oil & Gas

• Iran Takes Major Step Towards New Contracts. But Will IOCs Bite?
• KRG Crude Revenues Set To Edge Higher For 2016
• Gulf Keystone Deleverages, Eyes Output Boost
• Zohr: Gas Upgrade

Transportation

• Qatar LNG: More Sales To Europe But Flexibility The Key
• OPEC Members Tanker Fleets By The Numbers

Refining & Petrochemicals

• Iraqi Refining Runs, Gasoline Output At 9-Year Low Despite Progress Against IS

Power & Water

• Israel Switching To Gas From Coal As Tamar Ramps Up

OPEC

• A Tale Of Two OPECs: GCC Drills For The Future, Periphery Slashes Spending
• OPEC Drilling By The Numbers: ‘Annual Wells Drilled’ From OPEC’S 2016 Statistical Bulletin
• Record Stocks Cast Shadow Over Market Rebalance

Geopolitical Risk

• Syria: Trauma To Last For Years Even If A ‘Deal’ Is Struck

Corporate

• Kuwaiti Oil IPOs: An Unlikely Prospect
• Dubai In 2.4GW Coal Award

Economics & Finance

• Iraq: Economic Reform An Uphill Task, Even With IMF Cash
• Egypt: 2016-17 Budget Indicates No End In Sight To Near-Record Deficits

Selected Data

• US Key Oil Data: Imports Up, Stocks Down Amid 25-Month Low Output Ahead Of Peak Demand Season (‘000 B/D)
• Crude Official Selling Prices ($/B)
• Saudi Aramco Contract Prices For LPG Exports ($/T)
• Benchmark Crude Prices ($/B)
• US Oil Rig Count Has Risen By 33 Since Bottoming Out In Late May At 316. But Crude Output Continues Decline Falling To 2-Year Low In June