Issue 03

Oil & Gas

• Aramco Awards Bring Forward Shaybah 1Mn B/D Target To 2016
• Oil Fields Take Hit In Latest South Sudan Fighting
• Iraq: Nasiriya Deadline Pushed Back To June
• MENA Active Drilling Rigs: December 2013*
• North African Drilling Rigs

Transportation

• Kurdish Oil Heads North But Not Yet To Sea

Refining & Petrochemicals

• Refiners Plan ‘Too Much CDU Capacity, Not Enough Conversion
• Socar Turkey Picks FW For Aliaga PMC

Power & Water

• Jordan Pushes Shale And Wind In Quest For Diversity
• Alstom In Israel Pumped Storage

OPEC

• OPEC Raises Up World Oil Demand Forecasts

Geopolitical Risk

• Egypt: Sisi In The Wings As Arab Spring Challenges Remain Center Stage
• Tunisian Democracy Faces Economic Headwinds
• Zawiya Ups Libya Exports
• Donors Pledge $2.4Bn Syrian Aid

Corporate

• AMEC’s Foster Wheeler Buyout Will Boost Firm’s Middle East Presence

Economics & Finance

• Iran’s Indicators Improve As Sanctions Relief Approaches
• World Bank Ups Global Growth Prospects, MENA In The Doldrums

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices
• Oman: Production Rebound Follows Drilling Boost