Issue 37

Oil & Gas

• East Med: Hope Despite Dry Cyprus Well, Lebanon Bid Round Deadline Delayed
• War-Torn Yemen Maintains Steady Crude Exports; China, Thailand The Key Buyers
• Oman Looks To Bid Round For Exploration Boost
• Oman Ties Up Ammonia Cash
• UAE Looks To Offshore Gas To Ease Growing LNG Addiction
• Rig Count: Saudi Cuts Oil Drilling To 3-Year Low

Transportation

• LNG Prices Edge Up, No Sign Of Hit To Qatar Revenues
• India LNG Imports: Top Supplier Qatar Loses Share To Nigeria And Australia But Still Supplies Over 50% In 1H17

Refining & Petrochemicals

• Egypt Starts Work On Assiut Refinery Upgrade To Boost Gasoline Output

Power & Water

• Algeria Plots Unlikely Power Capacity Boost Whilst Rejecting Foreign Funding

OPEC

• Oil Market Surplus To 2019 Despite Strong Growth Projections
• US Cuts Output Growth Forecasts On Harvey, Lower Prices

Geopolitical Risk

• Algeria To Step On The Gas: Max Revenue For Minimal Spend Amid Opec Constraints
• Iraq: Minister Luaibi Tightens Grip On Oil Sector

Corporate

• Algerian Oil Bolstered By Berkine Basin Prospects
• Petronas Quits Algeria As Cepsa Expands

Economics & Finance

• Algeria Shuns Foreign Debt… By Printing Money?

Selected Data

• Crude Official Selling Prices ($/B): Iran Slashes Asian Prices As It Makes Grab For Market Share
• Benchmark Crude Prices ($/B)
• Latest Oil* Output Forecasts From The EIA’s International Energy Outlook 2017 (Mn B/D)