Issue 35

Oil & Gas

• Erbil And Baghdad Take Oil Dispute Public, Again
• UK Oil Firms Join The Tehran Trail
• Petrofac Eying Iranian Market
• India’s ONGC Makes Improved Bid For Iran’s Farzad-B Gas Project
• Algeria’s Sonatrach Continues Relentless Battle Against Production Decline
• Iran Sees Start-Up Of New South Pars Phases By October

Economics & Finance

• The Only Way Is Down For Algeria’s Trade Balance
• Saudi Arabia Says No To Subsidy Reform

Refining & Petrochemicals

• Kuwait Could Push Back Key Projects: Are Downstream Plans At Risk?

Power & Water

• Oil Burning In Gulf Countries On Course To Top 2014’s Record
• Saudi Arabia: Rising Domestic Oil Demand Cuts Into Export Volumes (Mn B/D)

OPEC

• Saudi Shrugs Off Calls For Action Over Oil Price, Revenue Collapse

Geopolitical Risk

• Kuwait Summons Iran Envoy Over Disputed Offshore Gas Field

Corporate

• KRG Scrabbles For Cash In Bid To Head Off Investment Hiatus

Selected Data

• Benchmark Crude Prices ($/B)
• US Net Oil Imports Fall To 30-Year Low With Refined Product, Ngl Exports At All-Time High (Mn B/D)