Issue 23

Oil & Gas

• Rising Oil Exports Raise Questions Over Washington’s Iran Policy
• KRG Oil Export Plans All At Sea
• Kurdish Gas Flows To Power Station
• Nasiriya Shortlist
• Iraq’s Southern Exports Hit Record 2.6mn b/d But North Still Out
• Libya: Exports Down, Output Down, Violence Continues
• Libya Starts Up First Generator At Sirte Power Plant

Transportation

• Kuwait Talks Gas On Historic Tehran Visit

Refining & Petrochemicals

• Reality Check For Libya’s Downstream Plans
• Oman Breaks Ground For Sohar Revamp
• Qatar Starts Up Clean Diesel Unit, Targets ‘Next Generation’ Chemicals
• Rabigh In Utility Payment Deal

Power & Water

• IEA Slams Weak Mideast Energy Efficiency; UAE And Saudis Step Up Efforts

OPEC

• IEA: OPEC To Gain Market Share From 2020s, But Timely Investment Needed
• IEA Calls For $48 Trn Energy Spend To 2035

Geopolitical Risk

• Syrian President Asad Shows Staying Power
• Cost Of Conflict Rises To $144bn
• Lebanon’s First Bid Round Likely Pushed Back To 2015

Corporate

• Doubts Persist Over Algeria’s Bid Round
• Egypt: Oil And Gas Firms Look To Sisi For Improvements
• Energy Subsidies Soar To Hit $24bn

Economics & Finance

• Algeria’s Development Plan Projects 7% Growth
• Tunisia $500Mn US Guarantee

Selected Data

• Benchmark Crude Prices ($/B)
• Iraqi Crude Exports: Southern Volumes Hit Record 2.6mn B/D In May, North Still Out (Mn B/D)*