Issue 25

Oil & Gas

• Iraqi Output Under Pressure As IOCs Withdraw Staff
• KRG Capitalizes With Baghdad Under Threat
• Kuwait Oil Sector Casts Wary Eye On Iraqi Turmoil
• Libya: Oil Minister Shakmak Sanguine Over Production Woes
• Major Declines Ahead For Kuwait Oil Production, Says IEA
• Iran Touts Upstream Opportunities Ahead of July Nuclear Deadline
• Saudi Arabia Drafts Energy Efficiency Law In Bid To Curb Runaway Demand
• Gulf NOCs Face Cyber Attack
• Egypt Boosts RWE Terms
• Saudi Arabia: Rigcount Hits Record 101 For May 2014
• IOC Cost-Cutting May Limit GTL Prospects

Transportation

• Cyprus: Eni Plans September Drilling, CNOOC Eyes Aphrodite Stake
• IEA Eyes LNG As Bunker Buster

Refining & Petrochemicals

• Saudi Leads Capacity Expansion But Mideast Runs Slide-BP
• SABIC Claims R&D ‘Firsts’

Power & Water

• Middle East Oil Burn To Rise, Says IEA
• Oman Seeks 2.6GW Capacity For MIS Grid

OPEC

• Massive Us Growth Balances Mideast Instability, But For How Long?
• MENA Oil & Gas: Key Production/Consumption Numbers From BP’s 2014 Statistical Review

Geopolitical Risk

• Yemen Oil Minister Replaced As Fuel Crisis Deepens
• Iraq Fractures As North Falls To ISIS And Kurds Extend Their Reach

Corporate

• Abu Dhabi Onshore Concession: No Plan To Exclude IOCs

Economics & Finance

• Libya: Budget ‘Approved’ But More Cuts Likely
• Morocco €1Bn Bond

Selected Data

• South Korean Crude Oil Imports, ‘000 B/D
• Benchmark Crude Prices ($/B)
• Cumulative Energy Supply Investment, IEA New Policies Scenario, 2014-35