Issue 10

Oil & Gas

• Egypt Oil Output Slump To Continue. Import Dependence To Deepen
• Egypt Foreign Reserves Hit New All Time High
• Rising Libyan Crude Output Hit By Outages At Key Southwest Fields
• Total Closes Maersk Deal

Corporate

• Total Expands In Libya With Marathon Waha Purchase

OPEC

• Opec’s Falling Production Capacity Strengthens Saudi Control

Geopolitical Risk

• Syria’s Eastern Oil Fields: The Post-War End-Game
• Iraq’s Politicized 2018 Budget Aims To Slash Deficit

Refining & Petrochemicals

• Kuwait’s Overseas Downstream Expansion Stutters On Vietnam Refinery Delays

Power & Water

• Oman Taps Major Players For 500MW OPWP Solar Project

Economics & Finance

• Saudi: Major 2017 Oil Revenue Gains, But Non-Oil Disappoints
• Saudi Arabia Starts Year Of Heavy Borrowing

Selected Data

• Indian Crude Imports ('000 B/D): Iraq Overtakes Saudi For Top Supplier Spot, Iran And Oman Send Record Volumes
• India LNG Imports (Mn Tons): Increased Volumes From Nigeria, Australia Eat Into Top Supplier Qatar’s Share, Which Is Down 10% Year On Year
• Benchmark Crude Prices ($/B)
• LNG Imports By Top 5 Global Buyers Break 20mn Tons For First Time In December, Likely Higher Still In January Despite Prices Hitting 3-Year High Of $11/Mn Btu