Issue 35

Oil & Gas

• Iraq: Major Challenges Remain For New Oil Minister Despite Kirkuk Breakthrough
• Iran Eyes Three IPC Upstream Contracts By March 2017

Transportation

• Iran Targets Further Trade Gains in Asia With Korea Payments Deal

Refining & Petrochemicals

• Iraq: New Oil Minister Seeks Investors For Four New Refineries
• Sadara Cracks On With Petchems Expansion
• Sabic Agrees Principles For China Coal-To-Chemicals JV

Power & Water

• Saudi Generating Capacity Growing, But Peak Load Growing Faster

OPEC

• Asian Importers Increase Gulf Crude Addiction

Geopolitical Risk

• Iraq’s Embattled Government Under Fresh Pressure

Corporate

• Libya’s Wealth Fund In Leadership Showdown
• LIA Litigation
• LIA Overseas Fund Calls For Partners

Economics & Finance

• Egypt Plans VAT At 13% From 1 October
• Jordan Gets IMF Boost

Selected Data

• Oman Key Oil & Finance Stats, Jan-Jul 2016: Oil Output At Record Highs, Revenue At Record Lows
• Indian Crude Imports ('000 B/D): Iraq Overtakes Saudi As Top Supplier In Q2; June Iran Volumes Highest Since Jan 2012
• Turkey Crude Imports 1h 2016 (‘000 B/D): Iraq Still Top But Kirkuk Stand-Off Hits Volumes
• Crude Official Selling Prices ($/B)
• Saudi Aramco Contract Prices For LPG Exports ($/T)
• Benchmark Crude Prices ($/B)
• Saudi Reserves Fell By A Further $6bn In July. Rate Of Drawdown Has Slowed Somewhat In Recent Months But Still 16% Below Year-Ago Levels (Sama Net Foreign Assets, $Bn End Period)