Issue 12

Oil & Gas

• Libya: Competing Power Bases Threaten To Tear NOC Apart
• New Israeli Government Tasked To Revive Israel’s Offshore Activities
• Cyprus: Aphrodite Set For Go-Ahead
• Kurdish Oil Output Edges Up But Cash Still Tight
• ENOC In First Step Towards Possible Dragon Takeover

Transportation

• His Mission Accomplished, Qatar’s Attiyah Bows Out
• Morocco Subsidies

Refining & Petrochemicals

• Saudi Aramco Taps Debt Market To Fund Rabigh 2

Power & Water

• Egypt Announces $43bn Powergen Plans As Part Of Epic Development Program
• Bahrain’s 1.5GW Plans

OPEC

• OPEC, IEA Diverge On US Supply Growth
• Iran Blasts OPEC’s No-Quota Policy, Vows Return To Markets

Geopolitical Risk

• Algeria, Poland To Share Shale Tips As Protests Continue
• Tunisia Attack

Corporate

• Gulfsands Struggles For Cash As Syria Return Recedes

Economics & Finance

• IMF Advises Iraq To Cut Spending Further
• Kuwait May Tax Firms
• Egypt Open For Business With $175Bn Of Deals Signed At Development Conference

Selected Data

• Crude Official Selling Prices ($/B)
• Saudi Refinery Output Tops 2mn B/D For Eighth Straight Month
• Benchmark Crude Prices ($/B)
• Saudi Refinery Output Still Near Record Highs (‘000 B/D)