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Kuwait Financial Centre “Markaz” Daily Oil &Gas Bulletin – 23 February 2012 Regional Oil & Gas Highlights Malaysia tycoon plans $2b sale of power assets - Malaysian tycoon Ananda Krishnan has put his entire power portfolio in Malaysia, South Asia, the Middle East and Egypt up for sale in a deal that could raise more than $2 billion. Standard Chartered Plc has been hired to run the sale of stakes in about a dozen power plants in Malaysia, South Asia, Egypt and the Middle East with a net generating capacity of nearly 4,000 megawatts (MW).

Select MENA Oil & Gas Stock Prices Ticker

Name

ALQURAIN

Price

Change

P/E

Qurain Petrochemicals

KWD

212

0.00%

12.85

Independent Petroleum Group Oula Fuel Co. Burgan Co. for Well Drilling Boubyan Petrochemicals Co. Saudi Basic Industries Corp. Saudi Arabian Fertilizer Co.

KWD KWD KWD KWD SAR SAR

310 270 255 580 100.5 177.25

0.00% -3.57% 0.00% -1.69% 1.26% 1.43%

N/A 24.83 34.73 11.36 10.32 10.78

PETROR YANSAB IQCD QGTS DANA TAQA

Rabigh Refining & Petrochemical Co. YANBU National Petrochemical Industries Qatar Qatar Gas Transport Co. Dana Gas Abu Dhabi National Energy Co.

SAR SAR QAR QAR AED AED

23.6 48.8 137.4 17 0.48 1.25

0.43% 1.67% 0.00% -0.23% -2.04% 1.63%

313.75 8.65 9.53 11.98 6.25 10.31

SOM

Shell Oman Marketing Co.

OMR

2.3

0.00%

18.25

IPG OULAFUEL ABAR BPCC SABIC Oil prices slip on poor Eurozone data, Greek concerns - World SAFCO

oil prices dipped on Wednesday as weak economic data and fears over Greece sparked demand concerns, overshadowing geopolitical concerns surrounding key crude producer Iran. Brent North Sea crude for delivery in April fell 11 cents to $121.55 a barrel in London midday deals. New York's main contract, light sweet crude for April, lost 36 cents to $105.89 a barrel. Prices hit nine-month highs earlier this week in the run up to and after the Greek bailout announcement.

Brent could hit $127 says Goldman - Goldman Sachs said it expects Brent crude prices to rise to $127.50 a barrel over the next 12 months in order to restrain demand growth and keep it in line with available supplies. 'We see the risks to our forecasts as skewed to the upside as world oil inventories have not been building despite Saudi Arabia pumping at its highest levels in 30 years and Libyan supplies returning to the market,' analysts at the bank said.

Oil & Gas Prices Currency

Global Energy & Currency Market Watch

Price

1 Day ∆

YTD

Brent

124.83

0.67%

14.86%

WTI

105.84

2.52%

7.18%

Kuwait Export

121.49

1.55%

14.29%

Saudi Heavy

120.54

1.56%

14.58%

Dubai Light

118.82

1.08%

13.33%

OPEC Basket

119.2

0.51%

11.57%

Henry Hub Spot Nat Gas

2.63

-1.50%

-12.75%

Regional Equity Markets Snapshot

Last Close

Change

YTD Change

Last Close

Change

YTD Change

1294.62

0.00%

9.30%

Kuwait SE

6,060

-0.47%

4.37%

258.5

0.00%

8.24%

Saudi SE

7,031

1.84%

9.61%

559.6233

0.83%

8.11%

Qatar SE

8,685

-0.08%

-0.01%

254.86

0.31%

20.16%

Abu Dhabi SE

2,540

0.20%

5.79%

0.04%

-1.21%

Dubai SE

1,615

0.38%

19.45%

South Korean firm to take over controversial Dead Sea oil Euro/USD 1.3245 -0.24% concession - Jordan has reached an understanding with a South USD Index ($ vs. Weighted Currencies) 79.225 0.10% Korean firm to resume oil exploration in a Dead Sea region some *All prices as of last traded day claim to be home to the country's only commercially viable oil NYMEX WTI Crude Oil Futures Forward Curve deposits. The Natural Resources Authority (NRA) and Korean firm, 110 Korea Global Petroleum Corporation, signed a memorandum of 105 understanding (MoU) on Tuesday to resume exploration activities in 100 the eastern Dead Sea/Wadi Araba region, which was vacated 95 following fallout between the government and its previous holder 90 over oil discovery claims.

-1.04%

Muscat SE

5,680

0.12%

-0.27%

0.25%

Bahrain SE

1,155

0.00%

1.44%

MSCI World Energy Index S&P 500 Energy Index Oil Service Sector Index

USD/bbl

USD/KWD

UAE’s January average oil output at 2.58m bpd - UAE’s average oil output in January was at 2.58 million barrels per day (bpd), unchanged from December, latest data from the Paris-based International Energy Agency (IEA) showed. The IEA said the OPEC crude oil supply in January largely reflected the steady ramp-up in Libyan output, as well as sustained output from Saudi Arabia and the UAE.

0.2779

85

NYMEX Henry Hub Futures Forward Curve 8 7

USD/mmbtu

MSCI World Index

6 5

4

80

3

75

2 23/01/2012

Months

22/02/2012

23/01/2012

Months

22/02/2012

This report has been prepared and issued by Kuwait Financial Centre S.A.K (Markaz), which is regulated by the Capital Markets Authority and the Central Bank of Kuwait. The report is owned by Markaz and is privileged and proprietary and is subject to copyrights. Sale of any copies of this report is strictly prohibited. This report cannot bequoted without the prior written consent of Markaz. Any user after obtaining Markaz permission to use this report must clearly mention the source as “Markaz“ .This Report is intended to be circulated for general information only and should not to be construed as an offer to buy or sell or a solicitation of an offer to buy or sell any financial instruments or to participate in any particular trading strategy in any jurisdiction. The information and statistical data herein have been obtained from sources we believe to be reliable but in no way are warranted by us as to its accuracy or completeness. Markaz has no obligation to update, modify or amend this report. For further information, please contact‘Markaz’ at P.O. Box 23444, Safat 13095, Kuwait. Tel: 00965 1804800 Fax: 00965 22450647. Email: oilandgas@markaz.com Sources: Bloomberg, Reuters, Zawya, TradeArabia, ArabianBusiness, and others


OG 23022012