Issue 09

Oil & Gas

• Iran Lays Groundwork For $100Bn Oil Sector Investment
• The Iran Petroleum Contract: Key Points
• Italy’s Eni In New Tirade Against Iraq Contract
• Two-Track Iraq Mega Projects Emerge
• Shell, Baghdad Cross Swords Over Iraq Gas Plans
• Iran Plays Hardball On Turkey Gas Price
• Iran Cuts Gasoline Additives

Transportation

• DNO Plan New KRG Pipeline, Targets 270,000 b/d End-2014 Output
• DNO Posts Mediocre ’13

Refining & Petrochemicals

• Saudi Arabia On Track For 26% Refining Capacity Hike This Year

Power & Water

• IEA Roadmap For Integrating Renewables Into Power Grids
• Morocco Plans Renewables Boost

OPEC

• Asian Buyers Influence Key Oil Benchmarks

Geopolitical Risk

• Iraq: Al-Sadr Withdrawal Realigns Shi’a Alliances Prior To Parliamentary Poll
• Saudi Arabia, Qatar And The Pakistani Prize
• Libya: Power Outages, Power Vacuum
• Egypt: Motivation Behind Government Resignation Unclear

Corporate

• Mauritania Hopes To Open New Atlantic Frontier
• Petrofac Bags $1.2Bn Oman Gas Deal
• Moroccan Refiner Settles Debts With $300Mn Glencore Loan

Economics & Finance

• Iran Advances Subsidies Reform
• UAE: Bonds Not Needed
• Algeria’s Trade Surplus Slumps
• Egypt Banks: Moody’s Wary

Selected Data

• Benchmark Crude Prices ($/B)
• Devalued Benchmark: WTI Premium/Discount To Brent & Dubai 2000-13*