Epstein Secrets

sible to accelerate development of the country's energy endowment, possibly in collaboration [23] with a more aggressive foreign partner like BP or ExxonMobil. * Argentina re-ignites the Falklands crisis: At an April 15-16 Summit of the Americas in Cartagena, Colombia—the one at which US Secret Service a

could be worse for Baku if proof of complicity leaks out. And, pipeline routing disputes aside, all five Caspian littoral states — Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan — share an obvious interest in ensuring energy stability. Given what's at stake, Baku has been careful about pursuing an

ible to accelerate development of the country's energy endowment, possibly in collaboration [23] with a more aggressive foreign partner like BP or ExxonMobil. EFTA_R1_00296227 EFTA01882563 * Argentina re-ignites the Falklands crisis: At an April 15-16 Summit of the Americas in Cartagena, Colombia—the

uld be worse for Baku if proof of complicity leaks out. And, pipeline routing disputes aside, all five Caspian littoral states — Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan — share an obvious interest in ensuring energy stability. Given what's at stake, Baku has been careful about pursuing an

2.5 2.0 mn b/d, YoY BofAML f'cast 15 1.0 0.5 0.0 -0.5 -1.0 2010 2012 2014 2016F 2018F 2020F mu US meme Canada mam Mexico mmm North Sea mmm Russia Kazakhstan . . 2013 2014 2015 2016 2017 2018 2019 2020 mum Asia Brazil mmm Sudan/So. Sudan other —+— total non-OPEC base =2016@$45/bbl m2017@$59/bb!_ =2018@$67/

adh Riyadh 1981 126 126 100% nla Ras Tanura Ras Tanura 1986 550 550 100% nla Total 1,006 1,006 Domestic refining JVs: SAMREF Yanbu 1983 400 150 50.0% ExxonMobil SASREF Jubail 1986 305 114 50.0% Shell Petro Rabigh | Rabigh 1990 400 150 37.5% Sumitomo (37.5%, free float 25%) SATORP Jubail 2014 400 250 62.5% Tot