Issue 29

Oil & Gas

• Upstream Investment: Are Shortfall Fears Overblown?
• Algeria Re-Tenders 3.6bcm/y Ain Tsila Gas Development
• Iraq Prioritizes Gas Development, Border Fields

Transportation

• Suez Canal Revenues Show Signs Of Recovery In 2017

Refining & Petrochemicals

• Saudi Arabia’s Rabigh-2 JV Joins Sadara In Starting Up New Units
• Adnoc Plans Petchems Boost, Mulls IPOs

Power & Water

• Saudi Wind Deja-Vu As New 400MW Project Tendered
• Kuwait Plans For 32GW Capacity, 15% Output From Renewables

OPEC

• Opec Revenue: Sour Crude Shortfall Mitigates Price Crunch
• US Shale: No Sign Yet Of A Slowdown

Geopolitical Risk

• Saudi Crude Exports Lowest Since 2014 As Oil Burning Ramps Up
• Sudan: US Sanctions

Corporate

• Iran Awards $3bn Siraf Condensate Splitters Project To Korea/Japan Consortium

Economics & Finance

• Gulf Bond Issues To Set New Highs As Cash Crunch Continues
• Iran’s Budget Deficit Soars In 2016-17

Selected Data

• US: Key Oil Data (‘000 B/D): Shale Output Up 530,000 B/D In 1H17, Now Record 58% Of US Output
• Benchmark Crude Prices ($/B)
• Crude Output From The Three Key US Shale Plays (‘000 B/D): Permian Up 260,000 B/D And Eagle Ford 130,000 B/D In 1H17, As Bakken Flatlines