Issue 05

Oil & Gas

• Eni Discovery Doubles Cyprus Reserves; Is It Enough To Make It A Gas Producer?
• Energean Makes Moves In Israel, Still No FID
• KRG To Struggle For Minor 2018 Production Gains

Transportation

• Qatar Sidesteps Trade Embargo With 20% Export Revenue Gain In 2017
• QP Goes Big Off Mexico
• Japan Big Winner As Saudi Arabia Cuts Crude Exports

Refining & Petrochemicals

• Iraq Hypes Over-Ambitious Refining, Export Capacity Targets

Power & Water

• Iraq’s Crude Burn Falls From Peak As Generators Exploit Alternative Fuels
• Aramco In Development Deal For Crude To Chemicals Process

OPEC

• Saudi-Russia Relations Mean Opec+ ‘Deal’ Will Continue. At What Price?
• Key Non-Opec Producers See Output Soar (Mn B/D)

Geopolitical Risk

• Corruption Destroying Libya’s Future, Says Oil Chief

Corporate

• Sabic Profits Boost From Rising Oil Prices As Horizons Expand With Clariant Buy

Economics & Finance

• Kuwait Budget Deficit Set To Shrink In 2018-19 As Oil Prices Recover

Selected Data

• Japanese Crude Oil & Condensate Imports ('000 B/D): Saudi Volumes Rise As Overall Imports Fall
• Japan 2017 LNG Imports: Qatar Volumes Fall To 7-Year Low As Australia Solidifies Top Supplier Spot
• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Sama Net Foreign Assets: