Issue 25

Oil & Gas

• Egypt-Israel Settlement Paves Way For Groundbreaking Gas Shipments
• Leviathan Boosts Start-Up Sales
• Egypt Gas: Nour Disappoints
• Mursi Death Lays Bare Regional Fault Lines

Corporate

• Thailand’s PTTEP Expands In Gulf With Partex Purchase

OPEC

• Saudi Fuel Oil Consumption Soars

Geopolitical Risk

• Rising Gulf Tensions Cast Spotlight Back On Iran’s Nuclear Capabilities
• Iraq Gets Sanctions Exemption As US-Iran Tensions Mount
• Algeria: Where Next?

Refining & Petrochemicals

• Iraq Bags $1bn Loan For Crucial Refinery Upgrade
• Adnoc & OCI Team Up To Create Mena Fertilizers Giant

Power & Water

• Libya Fights To Keep The Lights On

Economics & Finance

• DC’s Bahrain ‘Mideast Peace’ Conference: Deal of the Century or Damp Squib?

News In Brief

• Opec Finally Sets A Date
• Egypt Waves Bye To Imf After ‘World’s Best’ Program
• Oman Starts Polymers Plant
• Aramco/Pertamina Talk Cilacap
• Libyan Fertilizer Plant Set To Restart
• Algeria Solar Bids Disappoint
• Yemen Crude Reaches Europe
• Iraq: Spotlight On Lukoil’s Eridu
• Kuwait Eyes Iraq oil Cooperation
• India May Imports: Iran At 6-Year Low As Iraq, US Volumes Soar

Selected Data

• Crude Official Selling Prices ($/B): Record Premiums For Saudi, Iraq, Kuwait
• Benchmark Crude Prices ($/B)
• Saudi Oil Stocks (Mn Barrels): Crude Slumps To 193.5mn Barrels, Lowest Since Feb 2009; But Products, Gasoline Stocks At Record Levels