Issue 38

Oil & Gas

• Iraq Slashes Investment Threatening Oil Output Gains
• KRG Looks To Cement Oil Independence With Refining Shake-Up

Transportation

• Cyprus And Israel Gas Going Nowhere… For Now At Least
• Iran Lays Groundwork For Restart Of Oil Exports To South Africa

Refining & Petrochemicals

• GCC Fertilizers Capacity Hits 41Mn T/Y, But Feedstock Crunch Awaits

Power & Water

• Jordan $7bn China Deal To Fund Shale-Burning Power Plant

OPEC

• Venezuela Steps Up Campaign To ‘Stabilize’ Oil Prices

Geopolitical Risk

• North Africa Security Special Report: Too Late To Roll Back Islamic State?
• Libya’s Latest Peace ‘Deal’: Are The Hopes Justified?
• Cairo Reshuffle Sees Oil Minister Appointed PM
• Gulf Cash Boosts Balance Of Payments

Corporate

• Aramco Makes Nasser Permanent Chief, Holds To Integration Strategy
• Aramco Lines Up Fadhili Gas Plant Deals
• Morocco’s Sole Refiner Seeks $1bn To Restart
• Oman: Frontier Block Stake For Sale
• Kuwait Awards First Utility-Scale Solar Plant

Economics & Finance

• Saudi Oil Output To Top 10Mn B/D Through 2016
• Kuwait Eyes Local Bonds

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/b)
• Egypt: Gas Output Continues Descent, Falls To 10-Year Low; Oil Edges Up (July 15: Gas 4.24bn Cfd, Oil 698,000 B/D)