Issue 28

Oil & Gas

• Sisi Risks Price Reform To Boost Energy Sector
• Shell Calls Time On Saudi Gas Project
• Algeria Says Output Will Rise 15% By 2018.
• Iran To Sideline Sinopec At Yadavaran
• Kuwait $2.3bn Awards Boost Ambitious Output Plans
• GCC, Saudi, Abu Dhabi Drilling Sets New Record*
• MENA Active Drilling Rigs, June 2014*

Transportation

• Qatar Petroleum, ExxonMobil US LNG Export Plans Advance

Refining & Petrochemicals

• Kuwait Clarifies Al-Zour Plans, Iraq Projects Halted
• GCC Fertilizers Capacity Up 4% At 43Mn T/Y

Power & Water

• Turkey Hikes Generation Capacity By 12%, Eyes Coal Expansion
• Abu Dhabi Power Capacity Hits 13.9GW

OPEC

• OPEC Output Up In June Despite Iraqi Outages
• Iraqi Oil Output Seen Stagnating

Geopolitical Risk

• Libyan Operators Wait For Output Surge
• Kurds Turn The Tables On Baghdad
• Saudi Arabia Denies Funding Isis

Corporate

• Gulfsands Struggling To Regroup More Than Two Years After Losing Syria Assets

Economics & Finance

• Yemen Oil Revenues Tumble Amid Violence
• Production Restarts At DNO Yemen Blocks
• Egypt Takes The Plunge And Raises Energy Prices
• Cyprus: IMF Calls For Banks, Energy Restructuring
• Delek Continues Drive To Fund Leviathan Development
• IMF: Real Estate Drives UAE Growth, Overheating Risk Remains
• IFC Invests In ACWA Power To Support MENA Renewables

Selected Data

• Chinese Crude Imports, January-May 2014 (‘000 B/D)
• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Tunisia Oil And Gas Production: Oil Falls To New Lo W Of 48,000 B/D In May