Issue 19

Oil & Gas

• New Saudi Minister Faces Task Of Turning Vision Into Reality

Transportation

• Middle East Resilience Beginning To Wane As Rig Count Drops In April

Refining & Petrochemicals

• Iran Signs Up Daewoo For Heavy Oil Refinery, Kexim For Heavy Finance

Power & Water

• Algeria Sees Power Demand Soaring; Can It Find The Cash To Boost Capacity?

OPEC

• Iran Output Rebound Sets Stage For Saudi Stand-Off In Vienna

Geopolitical Risk

• Yemen Conflict Sees Gulf States Test Their Military Prowess
• Global Conflict Fatalities, 2015
• Mideast Military Spending By The Numbers
• Iraqi Government Crisis Leaves Country in Limbo

Corporate

• KRG Exports Rise With Boost From New Fields, But Takings Fall
• Apache Lauds ‘Reliable’ Egypt In Low Price World

Economics & Finance

• Saudi Arabia And Qatar Rethink Fuel Subsidies, Kuwait Still Undecided
• Kuwait’s KNPC Secures First Loan For Clean Fuels Project

Selected Data

• Benchmark Crude Prices ($/B)
• Oman’s Oil* Output, Exports Just Below Recent Record Highs In April... As Output From Blocks 3&4 Tops 40,000 B/D For The First Time