Issue 31

Oil & Gas

• Kuwait, Saudi Spat Over Neutral Zone Heats Up
• Kuwait Awards $11.5Bn Contracts For 615,000 b/d Al-Zour Refinery
• Iran Gets The Show On The Road For Contract Launch
• Nuclear Accord To Herald New Chapter In Iran Relations With Total
• Jordan Seeks Extra Mid-Term LNG Supplies
• Lebanon: Political Intransigence Blocks Upstream Progress
• Algeria’s Upstream Challenges In Four Graphs

Transportation

• New Suez Canal Begins Testing Ahead Of 6 August Grand Opening

Refining & Petrochemicals

• Saudi Petchems Firms Double Profits In Q2

Power & Water

• Baghdad And Erbil Feel The Heat

OPEC

• OPEC Holds Ground After Russia Talks

Geopolitical Risk

• Syria: Territorial Disintegration Looms As Conflict Enters New Stage

Corporate

• Libya Oil: A Write-Off?

Economics & Finance

• UAE Takes The Lead In Scrapping Energy Subsidies
• Algeria Ducks Decisive Action With Supplementary 2015 Budget

Selected Data

• Benchmark Crude Prices ($/B)
• Sanctions, What Sanctions?: Chinese Crude Imports From Iran Hit Record Levels In Q2