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Middle East upstream: what to look for in 2015

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Report summary

2015 will be an eventful year in the Middle East with plenty to look out for. Regional geopolitics will play a defining role in the upstream sector. Security concerns in Iraq/Syria will continue to impact oil exports negotiations on Iran s nuclear program will edge closer to resolution and Saudi Arabia will maintain its stance on oil production. Low global oil prices will have limited impact on IOCs thanks to the fixed profit margins and capital commitments typical of many fiscal agreements.

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