Issue 13

Oil & Gas

• Egypt: Key West Nile Delta Project Set For Start-Up
• Algeria Keeps Oil Spending Flat, Extends Exploration Search Offshore
• Ta-Ta Taq Taq: Demise of Key Kurdish Field Weighs On KRG Exports

Transportation

• Indian Crude Imports ('000 B/D): Iraq Closes The Gap To Number One Supplier Saudi Arabia In 2016
• Algerian Gas Shipments* To Italy Are At Their Highest Level Since 2010 (Bn Cfd)

Refining & Petrochemicals

• Kuwait Refinery Shuts, New Capacity Delayed, Crude Exports To Rise

Power & Water

• Rosatom Starts Work On New Iran Nuclear Plant, Cementing Russia’s Mena Presence

OPEC

• Americas To Asia Crude: In It For The Long Haul

Geopolitical Risk

• Libyan Oil Output Gains Go Into Reverse Amid Growing Instability

Corporate

• Petrofac Becomes Yet More Dominant In Kuwait
• Mubadala To Invest In US
• Hungary’s Mol - Mena Profile: No More Chasing Barrels

Economics & Finance

• Aramco’s Tax Slashed To Boost IPO Valuation
• Saudi Wealth Fund Eyes $3bn Jordan Investments
• Egypt Reserves Up Again As Cairo Pockets World Bank Cash

Selected Data

• Benchmark Crude Prices ($/B)
• Saudi Reserves ($Bn): No Sign Of An Uptick As Sama Net Foreign Assets Hit New 6 1/2-Yr Low Of $514bn At End-February. Reserves Would Last 4 Years At Current Rate Of Drawdown