Issue 42

Oil & Gas

• Iraq’s Cash-Strapped Kurds Gear Up For Kirkuk Export Boost
• EU Data Highlights KRG Buyers
• ISIS Smuggling Continues But Volumes Shrink
• US Shale A Threat To Mideast Condensate, Despite Oil Price Slide
• US Shale Vulnerability To Falling Oil Prices
• UAE Sees Balanced 2015 Budget Despite Oil Price Fall
• Kuwait Subsidy Cuts

Transportation

• Saudi Products Imports Slump
• Qatargas-1 To Hold 10Mn t/y

Refining & Petrochemicals

• Saudi Speciality Petchems Transformation Focuses On Aromatics
• Satorp Polypropylene Boost

Power & Water

• Oman Turns To Wind To Cut Rural Generating Costs
• Iran Starts Work On 1GW Zanjan Plant

OPEC

• Saudi Arabia Takes On Oil Market Bears

Geopolitical Risk

• Iraq’s New PM Acts To Root Out Corruption
• Gaza: Donors Pledge $5.6Bn
• Oil Revenues Key To Conflict In Libya
• Libya Boost For Repsol
• Strikes Threaten To Slash Libya’s Output Further

Corporate

• Abu Dhabi Boosts Offshore Output As Umm Lulu Comes Online
• Mubadala Leadership Shakeup

Economics & Finance

• IMF Downgrades MENA, Global 2014-15 Growth Projections

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• IRAQ*: Budget Under Pressure As Oil Price Slides