Issue 12

Oil & Gas

• Algeria Struggles To Maintain Gas Output Amid Project Delays
• Qatar Presses Ahead With Major LNG Expansion
• Abu Dhabi Fills Up Two Largest Post-Adma Concessions As Total, CNPC Dive In Offshore

Corporate

• Total Reasserts Position As Dominant IOC In Mena On Back Of Abu Dhabi Deal
• Shell Nears Iraq Exit As Itochu Takes WQ-1 Stake
• Shell Recommits To Egypt With Plans To Double Offshore Output
• Eni Eyes Egypt LNG For East Med Gas

OPEC

• Saudi Products Exports Smash Previous Records But Set For Dip

Geopolitical Risk

• IOCs Advance In KRG, Cautiously
• Dana Egypt: No Cash, No Work

Refining & Petrochemicals

• Egypt Privatization: 23 Firms On the Block; Oil Firms Feature Heavily
• Egyptian Refiners Seek Upgrade Finance

Power & Water

• Egypt’s Gas Balancing Act As Power Demand Eats Into Growing Supply

Economics & Finance

• Oman Looks To Foreign Firms and Downstream To Combat Economic Woes

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Key GCC Oil Producers Look To Gas-Fired Future With Their Collective Gas Rig Count* Hitting A Record Of 77 In Feb 2018