Issue 29

Oil & Gas

• Saudi Vision Balances Economics With Planned Social Reforms
• Iraq: Record Products Imports Eat Into Crude Export Earnings

Transportation

• South Korean 1H16 LNG Imports: Qatar Share Down, Prices To 5-Year Low

Refining & Petrochemicals

• Aramco Marks Start Of Work On Key $2.1bn Industrial Gases Unit At Jazan Refinery
• Moroccan Refiner Samir Fails To Clinch Crude Deal

Power & Water

• Oman To Add 4.8GW To Grid By 2022 As Electricity Demand Forecast To Rise 74%

OPEC

• Saudi Gas Boost Cuts Oil Burn, Saving More For Export
• Saudi Arabia Key Oil Data ('000 B/D)

Geopolitical Risk

• Iraqi Political Deadlock Exacerbated Following Ministerial Resignations

Corporate

• Apicorp And Bahri Plan $1.5bn Saudi VLCC Shipping Fund
• Acwa Gets $1.8bn Power Refinance Deal
• GCC Bonds’ Bumper Year: 1H16 Surpasses All Previous Full-Year Historic Highs

Economics & Finance

• Parliament Likely To Water Down Iran’s Planned Banking Sector Overhaul
• IMF Details Iraq 2016 Budget Cutbacks
• Algeria’s Economy: Sinking Fast Despite ‘Titanic Efforts’
• World Growth Forecasts Downgraded, Again

Selected Data

• Korean Crude Imports At Record Levels In Q2: Middle East Share On The Rise
• Crude Official Selling Prices ($/B)
• Saudi Aramco Contract Prices For Lpg Exports ($/T)
• Benchmark Crude Prices ($/B)
• Saudi Monetary Authority Reserves Rise For First Time Since 2014 In May (Net Foreign Assets, $Bn End Period)
• Benchmark Crude Prices ($/B)