Issue 26

Oil & Gas

• Israel: Road To Gas Development Uncertain Despite Government Push
• Egypt Lays Out Further Subsidy Cuts For 2015-16 But Overall Spending Up

Refining & Petrochemicals

• Satorp Taps Riyadh For SR2bn To Reduce Bank Dues
• Questions Mounting Over GCC Refinery Plans In Wake Of Capacity Hike

Transportation

• Egypt Goes Import Crazy In Bid To Curb Power Cuts
• Cyprus Shuts Gas Tender

Power & Water

• Egypt Power Capacity Boost Gathers Steam

OPEC

• Glimmer Of Hope For Oil Markets As Russia-Saudi Ink St Petersburg Deal

Geopolitical Risk

• Syria’s Economy: Down, Down, But Not Quite Out

Corporate

• QP To Downsize Foreign Staff In Reorganization Plan

Economics & Finance

• Qatar Stares Deficit In The Face

Op-Ed & Documents

• US Shale Could Herald Regional Oil Markets

Selected Data

• Russia Becomes China’s No. 1 Crude Supplier In May As Middle East Share Falls Below 50% (‘000 B/D)
• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Mideast Oil Output Rising, But Consumption Rising More