Issue 01

Oil & Gas

• East Med Gas Developments Gather Pace In 2019
• Turkey’s East Med Role: Spoiler Alert
• Iraq: Record December Exports Fail To Mask Bleak 2019 Revenue Outlook

Corporate

• BP Approves Key Mauritania Project
• Kuwait Oil Reshuffle

OPEC

• Saudi Asian Supplies Surged To Record High In November Amid Bumper Exports
• Iran Exports Slump To 5-Year Low

Geopolitical Risk

• Syria Eyes Post-Conflict Gas Gains, But Bottlenecks Loom Large
• Assad In From The Cold As GCC Countries Hit The Road To Damascus
• King Salman Asserts Authority In Saudi Reshuffle
• Libya: Sharara Restart Prospects Dim As NOC Demands Overhaul Of Oil Field Security

Refining & Petrochemicals

• Aramco Looks To Crack Texas With $6.6bn Shale-Fuelled Petchems Plans
• Aramco Adds Retail Expansion To Downstream Ambitions

Power & Water

• Saudi Power Project Schedules Slide,But Outlook Stable
• Saudi Awards Key Desalination Plant

Economics & Finance

• Oman: No End In Sight To Deficits Despite Spending-Slashing 2019 Budget
• Oman E&P Shakeup

News In Brief

• Egypt: ‘Imminent’ Start Up At Key Downstream Project
• Basra Gas Nears 1bn Cfd
• Marathon Finally Exits Atrush
• Gulf Firms In Korean Petchems
• Red Sea Bidding Delayed
• Iraq Upstream Activity Surges

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Brazil: 2018 Output Flatters To Deceive