Issue 23

Oil & Gas

• Iraq: Shell Steps On The Gas With Basra Project
• Project Delays Smother Iraqi Capacity Growth
• Libya: Berruien Out?
• Iran Crude Importers Secure New US Waivers
• Total Takes Iran Hit
• BP, Oman Pen 1Bn cfd Khazzan Tight Gas Deal
• First Solar EOR Project
• Juba Talks Up Lamu Pipeline As Border Tensions Flare Up

Transportation

• Satorp Refinery Unlikely To Stem Saudi Product Imports

Refining & Petrochemicals

• GCC Petchems Sector ‘Thriving’ With 5.5% Growth For 2012
• Technip Awarded Iraq And Abu Dhabi Refinery Contracts
• Iran: US Targets Petchem Firms

Power & Water

• Saudi-Egypt Power Link Deal Signed, But GCC Grid Usage ‘Minimal’

OPEC

• OPEC Output Edges Up In May
• Platts Investigation Stokes Gulf Alarm

Geopolitical Risk

• Iraqi Politics: Sinking Into The Morass?

Corporate

• Occidental Eyes Sale Of All Mideast Assets
• Wintershall Qatar Gas Plans
• UAE’s Dana Gas Looks To Move On From Sukuk Troubles
• Petchem Firms See Earnings Rally On Increased Product Prices

Economics & Finance

• Iran Hit By New US Sanctions On Currency Ahead Of Elections
• 2013-14 Budget Approved
• S&P Upgrades Saudi Sovereign Credit Ratings
• Yemen To Get $200Mn Aid
• Jordan’s Electricity Subsidy Estimated At $1.25Bn
• Bahrain Beats Budget Projection

Op-Ed & Documents

• Flawed Logic In Decision To Lift Syria Arms Embargo

Selected Data

• Japanese Crude Oil Imports, April & March 2013 (‘000 b/d)
• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices
• Saudi Aramco Contract Prices for LPG Exports ($/t)