Issue 14

Oil & Gas

• Bahrain Brings Chevron Aboard Its Unconventional Revolution
• Libya: Key BP/Eni And Total Deals Yet To Materialize
• Egypt Cuts Receivables Bill Amid Arbitration Threat
• Soco Plans Egypt Expansion After $207mn Merlon Purchase
• Lebanon Kicks Off Bidding
• Adnoc Drilling Eyes Big Push

Corporate

• Saudi Aramco’s Inner Workings: Bond Prospectus Lifts The Lid

Refining & Petrochemicals

• Aramco Bond Prospectus Sheds Light On Downstream Operations

OPEC

• Opec Output Slumps To 4-Year Low
• US LNG Export Records As Europe Tops Asia
• Turkey: Record LNG Imports, Bumper Iran Volumes

Geopolitical Risk

• Algeria: Bouteflika Out, But What Next?
• Libya: Haftar Moves On Tripoli
• Egypt Gas Market Liberalization: Set For Take-Off?
• Israel-Egypt Gas ‘By End-Q2’: Is This Realistic?

Power & Water

• Lebanon To Award Billion-Dollar Gas Import Deals

Economics & Finance

• Iran Budget: Inflation Wipes Out Spending Hike As Economic Downturn Bites

News In Brief

• Egypt: BP Writes Off $236mn
• Zohr: Proved Reserves Fall
• Egypt Hydrocracker Trials
• Oman Awards Coker
• Sharjah Orders 1GW CCGT Plant
• Brazil Output Down
• Mauritania Bags $75m Shell Cash
• Kuwait Kerosene Unit Hit By Fire
• Iraq Exports Slump In March
• Iraq 10,000 B/D Refining Boost
• Gazprom KRG Output Boost
• Aramco Production Capacity Glosses Over Bahrain Effect
• Saudi Opens Iraqi Consulate
• Aramco: Riyadh Refinery Deasphalter Award

Selected Data

• Crude Official Selling Prices ($/B): Saudi Hikes May Prices Amid Output Constraints
• Benchmark Crude Prices ($/B)
• US: Crude Output Tops 12mn B/D Despite Rig Count Slump