Issue 38

Oil & Gas

• Iraq: Bracing For Another Fall
• Kuwait’s Oil & Gas Transformation: Is Strong Leadership Enough?
• Libya: Light At End Of Tunnel As Losses Hit $7.5bn
• $60Bn Downstream Expansion Planned
• Shell Still Hoping For Saudi Gas Deal; Lukoil Limbers Up
• Shaikan Suspension
• MENA Active Drilling Rigs August 2013

Transportation

• Iran Determines Gas Export Route To Oman
• Qatar Ends Egypt LNG

Refining & Petrochemicals

• Gulf Refiners Ramp Up Capacity
• Rabigh Cracks Up

Power & Water

• Aramco Extends Jazan Bidding; Capacity Hike Under Scrutiny
• OPWP Launches Qurayyat IWP, Al-Ghubrah Finance Closed

OPEC

• Turkey Turns To Iraq To Replace Iranian Barrels

Geopolitical Risk

• Iraq: A Failed State?
• Syria: US-Russia Deal

Corporate

• Company Profile: Petroceltic Plots Big League Transformation
• Citadel Seeks More Capital

Economics & Finance

• IMF Awards Cyprus €85Mn After First Bailout Review
• Sudan Delays Ending Fuel Subsidies
• EBRD Urges Post-Arab Spring Cash

Op-Ed & Documents

• Saudi Arabia Remains Committed As Trusted Energy Supplier To Asia

Selected Data

• Benchmark Crude Prices
• OPEC Supply /Demand Balance (Mn B/D)