Issue 23

OPEC

• Bijan Namdar Zanganeh: A Star Is Born At OPEC
• OPEC’s Market Strategy Shrinks Spare Capacity

Oil & Gas

• Oil Firms Circle As Iran Nuclear Deadline Nears
• Total Sees Sunshine Amid Gulf Turbulence-Interview With CEO Patrick Pouyanne
• Delek Looks To Increase Aphrodite Stake
• Algeria Ploughs On With Failed Policies

Power & Water

• Egypt Awards Siemens €8bn, 16.4GW Powergen Deal
• Saudi Generator Hikes Capacity By 6%, Fuel Flexibility The Key

Refining & Petrochemicals

• Abu Dhabi Borouge 3 Petchems Ramp-Up Delay
• Dow Eyes Sadara Membranes Plant

Geopolitical Risk

• Jordan’s Energy Supplies: Lots Of Options, None Of Them Good
• Japan Funds Electricity Plan

Economics & Finance

• US Backs Jordan Loans
• Saudi Arabia Faces 20% Fiscal Deficit

Corporate

• Wintershall Eyes Future Opportunities In Libya Despite Onshore Production Shut-In

Selected Data

• Us Crude Production Continues To Rise As Imports Fall (‘000 B/D)
• Oman Rigcount Hits New Record 70 In May As Saudi Rigs Fall For First Time Since August 2013
• Crude Official Selling Prices ($/B)
• Saudi Aramco Contract Prices For Lpg Exports ($/T)
• Benchmark Crude Prices ($/B)
• Iraq Crude Exports Hit Record 3.36mn B/D In May