Issue 22

Oil & Gas

• Israel’s Leviathan: Development Starts But Where’s The Sales?
• Delek Consolidating, Expanding
• Kuwait Brings More IOCs Into Heavy Oil Development
• Tunisia Output Collapses: Southern Fields Shut In, No End In Sight To Protests

Transportation

• Qatar: Oil & Gas Revenues Edge Up But Hit By Ratings Downgrade
• Qatar Moves To Boost Liquefaction Capacity
• Qatar Eyes 2.5gw Gas-Fired Power/Desalination Project

Refining & Petrochemicals

• Adnoc Strengthens OMV Ties With Abu Dhabi Downstream Expansion Plans

Power & Water

• UAE Pushes Solar, Big & Small, But Leaves Room For New Gas-Fired Capacity
• Dubai Solar: Small Scale, Big Target

OPEC

• Gulf Opec Maintains Asia Volumes But Loses Market Share
• Iran: April Sees Dip In Asia Sales

Geopolitical Risk

• Lebanon Faces Looming US Financial Sanctions Over Hizbollah Ties

Corporate

• WesternZagros Eyes Windfall From KRG Output Gains

Economics & Finance

• Saudi Looks To Pop Deficit With Fizzy Drinks Tax
• Iraq Oil Takings Up

Selected Data

• US Key Oil Data (‘000 B/D): Record NGLs Boost Oil Output To New High Of 13.06mn B/D In May*, Monthly Stockdraw Largest In Over Six Years
• Benchmark Crude Prices ($/B)
• Global upstream spending hit 10-year low in 2016-EIA ($bn*)