MENA OPEC members appear to be complying with production cuts. Libya exempt from these cuts has increased output to 715 000 b/d with ambitions to reach 1 million b/d by the end of 2017. Activity in Iran is set to grow as the first batch of international companies pre qualify and OMV signs an MoU. M&A has kicked off strongly in 2017 focused on North Africa as expected. Concessions in Abu Dhabi are extended and Oman's Habhab heavy oil field is put up for tender.