Issue 51

OPEC

• Ministers Roll Over Ceiling Again, Badri Gets Seventh Year

Oil & Gas

• Iraq Sticks To Oil Targets Despite Rising Political Tension
• Woodside’s Leviathan Stake Ups Gas Export Pressure On Israel
• PTT Extends Algerian Finds
• Jordan And Shell Sign MOU For Survey Of Azraq And Sirhan Blocks

Refining & Petrochemicals

• Petchem Firms Face Saudi Ethane Supply Restrictions

Power & Water

• Saudi Arabia Targets Energy Efficiency, Renewables
• SWCC Awards Yanbu’ 3 Power Plant As Capacity Expansion Takes Shape
• Bushehr Shutdown Blamed On Loose Bolt Fragment

Corporate

• SABIC Strategy Tracks Demographic Trends

Economics & Finance

• Egypt At the Crossroads: A MEES Special Report On Egypt’s Economy And Politics
• Egypt Needs $14.5Bn To Balance Its Current Budget

Selected Data

• Crude Prices

Transportation

• Turkey Calls For Russian Input In Gas Storage Program
• RWE Exit Deals Blow To Nabucco West

Geopolitical Risk

• Warship Arrivals Renew Iran Ties With Sudan

Op-Ed & Documents

• Iran’s Subsidy Reform: RIP
• IIF Projects 3.5% Drop In Iran’s GDP In 2012