1. India 1h 2020 Crude Imports: A Tale Of Two Quarters

    ...test provisional data from the country’s Petroleum Planning and Analysis Cell shows imports of just 2.91mn b/d in July, only just above May’s 10-year low of 2.82mn b/d. June was almost 800,000 b/d higher at 3.59mn b/d, though this is still the third lowest figure since 2014 (see chart and p7 for full da...

    Volume: 63
    Issue: 35
    Published at Fri, 28 Aug 2020
  2. Egypt: IOC Receivables Edge Lower In 1H 2020

    ...id off, with Egypt’s Council of Ministers on 19 August approving a settlement of the dispute. No details were given. Egypt’s overall receivables figure peaked at over $6bn in 2014. Key offshore gas producers Eni, BP and Shell have not reported receivables figures since 2016 – though Eni’s 1H re...

    Volume: 63
    Issue: 35
    Published at Fri, 28 Aug 2020
  3. Saudi Electricity Borrows $2.4bn

    ...d capex funding. SEC’s biggest year for lending from the financial market was 2016, when it raised $5.13bn, although its largest deal was a $13.2bn Ministry of Finance ‘soft loan’ in 2014 (see table and MEES, 26 January 2018). SEC’s need for capex will likely be reduced by its decision to pursue in...

    Volume: 63
    Issue: 35
    Published at Fri, 28 Aug 2020