Issue 16

Oil & Gas

• Iran South Pars Gas Output Soars 37% To Feed Domestic Hunger
• Iran Inaugurates Petchems Projects To Tap New South Pars Gas
• Kuwait Presses Ahead With Development Plans, Eyes New Contract Model

Oil News

• Saudi Arabia Prioritizing Downstream Amid Production Curbs

Transportation

• Suez Canal Traffic (Mn Tons): Traffic Increases In Q1 But Revenues Drop To 4-Year Low

Refining & Petrochemicals

• Sabic Output At Record High In 2016, But Net Income Lower In ‘Pivotal Year’

Power & Water

• Iraq Fires Up 1GW Gas-Fired Capacity But Is There Enough Gas?
• Egypt Signs 400MW Solar Deal After EBRD Pledges $350mn

OPEC

• Opec’s Balancing Act Becoming Increasingly Precarious

Geopolitical Risk

• Tunisia Awaits $2.5bn In Fresh Aid As Economy Undershoots, Energy Bill Soars

Corporate

• Total And Sonatrach Bury Hatchet As Algiers Pushes Partnerships Agenda

Economics & Finance

• Saudi Debut International Sukuk Raises $9bn; Aramco Taps Further $3bn

Selected Data

• South Korea Q1 LNG Imports: Volumes Up 5% On Year Ago; Qatar Still Top Supplier But Aussie Gaining
• South Korea Crude & Condensate Imports (‘000 B/D): Iran Volumes Hit Record 531,000 In March, 459,000 B/D For Q1
• Crude Official Selling Prices ($/B)
• Saudi Aramco Contract Prices For LPG Exports ($/T)
• Benchmark Crude Prices ($/B)
• The World’s Top Crude Importer: China Has Decisively Overtaken The US With Records Of 9.19mn B/D In March... And 8.51mn B/D In Q1 (Mn B/D)