Issue 04

Oil & Gas

• Iraq Pledges Higher Oil Exports Despite Market Pressure
• Iraq, Shell Sign For $11Bn Nebras
• Oman Targeting Record Oil Output In 2015
• Oman’s Abu Tabul Gas Starts Up
• Cyprus: Total Write-Off?

Transportation

• India Scrambles To ‘Correct’ Iran Crude Imports Ahead Of Obama Visit
• Unrest Threatens Yemen Oil, LNG Operations As President Quits

Refining & Petrochemicals

• Saudi Capacity Tops 2.9mn B/D As Yasref Ships First Products
• Saudi, UAE Refinery Throughputs Down
• Saudi Petchems Income Curbed By Oil Price Crash, Uncertain 2015 Ahead

Power & Water

• Egypt Plans 20GW Of Extra Coal Plants, 4.3GW Renewables

OPEC

• OPEC Puts Russia On The Spot, Again
• Saudi King ‘Abd Allah Dies, Salman Ascends The Throne

Geopolitical Risk

• Algeria Shelves Shale In Face Of Protests, Economics
• Egypt: Shale Advances

Corporate

• Service Firms Retrench Despite Record Mideast Takings

Economics & Finance

• IMF Projects GCC Hydrocarbons Export Losses At $300Bn
• MENA Youth Unemployment Chronic-ILO
• Egypt To Tap Bond Market
• Iran Banks On Taxes, Not Oil, To Fuel 2015-16 Budget

Op-Ed & Documents

• Reading The Runes Of Saudi Oil Policy

Selected Data

• Saudi Arabia Official Crude & Products Output, Consumption And Trade Figures, November 2014 (‘000 B/D)
• China Sees Record 3.22mn B/D Mideast Crude Imports In 2014 But Saudi Volumes Slump (‘000 B/D)
• Benchmark Crude Prices ($/B)
• SAUDI OIL EXPORTS (MN B/D), PRODUCTS SHARE AT RECORD LEVEL AS NEW REFINERIES RAMP UP