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1、MEES-SINCE1957AWEEKLYREVIEWOFREGIONALENERGY,FINANCEANDPOLITICSVolLIIINo3423August2010CONTENTSINCLUDE:PoliticalDeadlockThreatensIraqiStabilityAndOilDevelopmentTOPSTORIES(1‐6)DelaysinforminganewIraqigovernmentareincreasinglyGasDeficitAmongIraq’sKeyIssues,1destabilizingthecountry,witharat
2、chetingupofattacksbothDubaiRulingCurbsIranCapitalFlow,3onciviliansandinfrastructure,includingoilfacilities,sincetheAgenda:BAPlineStalemate,37Marchelections.ENERGYFUNDAMENTALS(6‐8)Someformofdelayingovernmentformationhadalwaysbeenexpected,butthe16AugustcancellationbytheIraqiyablocofCrude
3、PricesStickAround$75/B,6coalitiontalkswithPrimeMinisterNurial‐MalikihassentanOPECWarnsOf2H10Slowdown,7ominoussignaltobothIraqisandinvestors.ThiswasunderlinedbyasuicidebombinginBaghdadthefollowingNEWSBYCOUNTRY(8‐18)daywhichclaimedalmost50lives–theworstsuchattackformonths.AlgeriaSonatrac
4、hFillingMedgazPipeline,8TherehasbeenanupsurgeinattacksonthemaincrudeEgyptpipelinenorthtotheTurkishexportterminalofCeyhan.TheApacheDeclaresTwoOilStrikes,10mostrecentwasatwo‐dayinterruptionfollowingsabotageonIran12AugustbyKurdishrebelgroupthePKK.TherehasalsoBushehrFuelLoadingScheduled,11
5、beenanupsurgeindisruptions,withBaijirefineryshutdownLebanonfortwodaysafterapoweroutage,andexportstoBasraParliamentRatifiesOffshoreLaw,12terminalbrieflyhalvedasaresultofpipelinemaintenanceonSudan16August,Reutersreported.InearlyAugust,piratesrobbedOilMinisterPledgesTransparency,16fourshi
6、psinwaterspatrolledbytheUSNavyclosetoBasraoilterminal.POLITICALCOMMENT(19)GovernmentformationappearsthrownwideopenbytheʹAllawiTurnsToSadrists,19Iraqiyamove.TheKurdsearlierthismonthgavea19‐pointlistBoltonMarksIranMilestone,19ofdemands–althoughaseniorKurdlaterdescribedthemas“proposals”–o
7、utliningtheirconditionsforjoiningaOP‐ED&DOCUMENTS(20‐22)government.Thedemandsincludedtherighttoselectthecabinetsecretary‐general,several“sovereign”orkeyAit‐Laoussine/Gault:ExpectationsAndministriesandalsotheswiftpromulgationofahydrocarbonOilPrices,20law,aswellasresolutionofdisputedte
