Issue 15

Oil & Gas

• Shell’s Iraq Gas Project Inches Forward; First Majnoon Cargo Lifted
• No Sign Of KRG-Iraq Deal But Hopes High
• Total Raises KRG Stakes
• Abu Dhabi’s Oil Production Capacity Target Slips
• Qatar Searches For New Gas As North Field Moratorium Set To Continue
• Focus Turns Back To Oil In Southern Sudanese Conflict
• MENA Active Drilling Rigs March 2014*

Transportation

• Israel-Cyprus-Greece Gas Pipeline Looking Like A Pipedream
• Qatar Retains Dominant Position Among Global Lng Exporters For 2013
• MEES Interview: Former IEA Chief Nobuo Tanaka On Japan, Qatar and LNG Markets

Refining & Petrochemicals

• Qatar Starts Work On Second Ras Laffan Condensate Refinery
• Saudi Petchems: Smaller Plants Advance

Power & Water

• Oman Peak Demand To Double By 2020, Gas Burning Up 50%
• OPWP Lines Up Qurayyat IWP

OPEC

• OPEC Output Slides In March On Iraqi, African Outages

Geopolitical Risk

• Iran Nuclear Talks Threatened By Us, Russia Posturing Over Oil Deal
• Middle East Peace Process: Another Failed Attempt

Corporate

• Total Reorganizes E&P Operations, Merges Mideast And North Africa
• SABIC Korean Research Base

Economics & Finance

• Egypt’s Financial Indicators Improve On The Back Of Gulf Cash
• Iran Braces For 20-30% Utility Price Hikes

Op-Ed & Documents

• Turkey: A Hub In The EU’s Future Gas Supply Architecture?

Selected Data

• Benchmark Crude Prices ($/B)
• Upstream Oil And Gas Investment By Company* ($Bn, Nominal)