Issue 25

Oil & Gas

• Total Gives $1bn Impetus To Iran’s Upstream Opening

Transportation

• Qatar Hydrocarbon Revenues Holding Firm in Q2 Despite Outages

Refining & Petrochemicals

• Baghdad-KRG Refining Deal Eases Light Products Shortfall
• Iraq Plans New Refining Capacity
• Kuwait Refinery Shutdown Boosts Crude Exports

Power & Water

• Morocco Qualifies Bidders For First Phase Of $2.2bn Hybrid Solar Project
• Saudi Grid Has 74.3GW Generating Capacity Available, Says SEC

OPEC

• Saudi Crude Exports Down, Refining Runs Up, More Products Exports
• Saudi Crown Prince Consolidates Power

Geopolitical Risk

• Tunisia: Oil Blockades Ease But Costs Keep Rising
• Egypt Ends Forex Controls

Corporate

• Doha’s Diplomatic Dispute – The Financial Impact

Economics & Finance

• South Korea Credit Line Offers Relief For Iran’s Ailing Economy

Selected Data

• Benchmark Crude Prices ($/B)
• US-Listed Oil Firms* Saw 7bn Barrels Of 2016 Reserves Write-Downs With Lower Prices