Issue 33

Oil & Gas

• Iraq In Line For Offshore Pipeline Overhaul

Corporate

• Aramco 1H 2019 Results: More Numbers, But Opacity Remains

Refining & Petrochemicals

• Aramco To Buy 20% Of Reliance Refining & Petchems
• East-West Pipeline Expansion Near Complete

Geopolitical Risk

• Yemen: UAE Exit Pushes War Into Further Disarray

OPEC

• Opec’s Market Management Dilemma: From Bad To Worse?

Power & Water

• Egypt: Are Power Shortages History?

Economics & Finance

• Kuwait Slashes 2018-19 Deficit Thanks To Higher Oil Prices

News In Brief

• Opec+ JMMC To Meet 12 September
• Korea Cuts Mideast Dependence
• LNG: India, Taiwan Take Less
• Oman: Blocks 3&4 Output Record
• Egypt: Molla Cuts Output Target
• Transglobe Egypt Output Up
• Libya Plans Petchems Restart
• Oman’s First Wind Farm On Test
• Tunisia Boosts Forex Reserves
• Iran Imposes Fuel Limits: Just Don’t Call It Rationing
• Algeria Strikes Delay Oil Project
• Qatar Petroleum Guyana Success

Selected Data

• Spain: Record Crude Imports, Record Opec, Record Libya
• Taiwan Crude Imports: Saudi Up, Kuwait Squeezed, Records For US, UAE
• Taiwan 1H 2019 LNG Imports: Qatar Share Holds Steady Despite More Than Doubling Of Australian Volumes
• India LNG Imports (Mn Tons): Qatar Volumes Drop For Third Straight Quarter To Historic Low 35% Share
• Crude Official Selling Prices ($/B): Iran, Iraq, Kuwait Cut September Asia Prices, But By Less Than Saudi
• Benchmark Crude Prices ($/B)
• United States Mideast Crude Imports Are At A 32-Year Low With Saudi Volumes Falling Below 500,000 B/D In July For The First Time Since May 1987 (Mn B/D)