Issue 15

Oil & Gas

• End Of The Road For Cyprus ‘Gas Hub’ Dreams
• Sudan’s Oil Plans Set To Fall Victim To Reality
• Rigcount: Saudi Arabia And Kuwait Set New Records Again As Us Rigcount Continues To Drop

Transportation

• Political Differences Aside, UAE Taps Iran For Possible Gas Supply

Refining & Petrochemicals

• Gulf Refining Activity Slowing After Completion Of Three Mega-Projects
• Egypt Signs Contract With Axens For Assiut Gasoline Unit
• Sipchem Finishes Gulf’s First EVA/LDPE Plant

Power & Water

• New Projects And Policies Cementing Solar Role In UAE Power Generation
• Oman Expanding Desalination, Prepares Power Shake-Up
• Qatar Awards Desalination Project, Plans Strategic Storage

OPEC

• Saudi Arabia’s Naimi Sees Oil Price Recovery But ‘Challenges’ For OPEC
• OPEC March Output Tops 31mn B/D With Saudi, Iraq Near Record Levels
• OPEC Revenues Take A Beating-EIA

Geopolitical Risk

• Libya’s NOC Could Be Split By Baida Power Grab

Corporate

• Shell Boosts Egypt Exposure With $70bn BG Deal
• Majors’ 2014 Mena Output: Data Analysis

Economics & Finance

• Kuwaiti Fund In Rare Overseas Energy Investment

Op-Ed & Documents

• Saudi Refining Push Exposes Strategic Shift Away From Crude Exports

Selected Data

• CRUDE OFFICIAL SELLING PRICES ($/B)
• Benchmark Crude Prices ($/B)
• EGYPT: GAS OUTPUT AT 9-YEAR LOW, OIL EDGES UP (FEB ‘15: GAS 4.51BN CFD, OIL 680,000 b/d)