Issue 51/52

Oil & Gas

• Libyan Output Crashes As Fighting Escalates
• KRG: Iraqi Northern Exports Could Hit 800,000 B/D In Early 2015
• Territorial Claim Highlights Remaining Problems
• Egypt Inks Shale Deal
• MEES Interview With Ali Naimi: ‘OPEC Will Never Plan To Cut’

Transportation

• Jordan Politicians Slam Israel Gas Deal
• Israel Gas ‘Find’

Refining & Petrochemicals

• Algeria Refining And Petchems: Ambitious Vision, Feedstock A Big Concern
• Oman Advances Downstream Projects

Power & Water

• MENA Coal Plans Supported By ‘Unrealistically Low’ Electricity Prices
• Morocco Diversifies Power Sources
• Egypt Power Finance

OPEC

• OPEC’S Choice: Low Prices Now, Or Low Prices & Low Output Later-Naimi
• Abu Dhabi Advances Upstream Projects Despite Mounting Cost Pressure

Geopolitical Risk

• Yemen On Brink Of Collapse As Crisis Threatens To Submerge Oil Sector
• Yemen’s Finances Set For Rude Awakening In 2015

Corporate

• Repsol To Boost Algeria, KRG Presence With Talisman Purchase

Economics & Finance

• Kuwait Expects 2015-16 Deficit: $60/B Oil, 2.7Mn B/D Output
• Saudi Plans 2015 Counter-Cyclical Bumper Spend
• Egypt Gets Oil Price Bonus…
• …But Algeria Under Pressure
• Lebanon ‘Challenging’

Selected Data

• Turkey Official Oil Data (‘000 B/D)
• Turkey’s Tupras Starts Up Resid Upgrader
• EU Crude Oil Imports 1h 2014 (‘000 B/D)
• EU Crude Import Evolution 2011-2014
• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Mind The Gap: Call On OPEC CRUDE Vs OPEC Production (Mn B/D)