Issue 17

Oil & Gas

• Iraq Bid Round Flatters To Deceive
• Iraq’s Southern Infrastructure Constraints Take Their Toll On Export Capacity
• Waha: Total Says Done & Dusted, Libya Thinks Otherwise
• BP’s Key Tortue FEED Awards Highlight Streamlined Development Model

Corporate

• Services Firms: Margins Remain Squeezed Despite Higher Oil Prices

OPEC

• Abu Dhabi Banks On Booming Petchems Demand
• New ADNOC Trading Unit

Geopolitical Risk

• Lebanon's Gas Hype: Is It All Hot Air?
• KRG: Foreign Firms Press On Amidst Uncertainty

Refining & Petrochemicals

• Sabic Seeks Big Projects As Reorganization Continues

Power & Water

• Solar Drives Mena Renewables In 2017, But Region Remains Global Laggard

Economics & Finance

• Iran Doubles Down On Unpopular Currency Exchange Controls

Selected Data

• China Crude Imports 1Q 2018 ('000 B/D): Record 9.12mn B/D; Mideast Volumes Also At Record, But Share Down
• China 1Q18 LNG Imports (Mn Tons): Qatar Supplies Record Volumes To Close Gap On Top-Supplier Australia
• Benchmark Crude Prices ($/B)
• BP & Statoil’s Two Algeria Gas JVs: Combined Output At Six-Year High Of 1.66bn CFD In Q1