Issue 19

Oil & Gas

• Iraq Edges Closer To Crucial Seawater Megaproject Deal
• Total To Become Top Algeria Producer In $9bn Oxy Side Deal

Corporate

• IOCs Face Mixed Picture In The Mena Upstream
• McDermott Snags Abu Dhabi FEED Contract
• Qatar Rolls Out Plans To Expand LNG Storage, Export Capacity

OPEC

• Saudi To Customers: Want More Crude? Pay More For It!

Geopolitical Risk

• Tamar Shutdown Highlights Israel Upstream Risk
• Leviathan Nears Completion
• Tensions Flare As Turkey Drills Off Cyprus

Refining & Petrochemicals

• Gulf Petchems Attract Major Interest

Power & Water

• Kuwait Powers Ahead With CCGT Plans After Projects Hiatus

Economics & Finance

• Iran Threat To Nuke Deal As Exports, Revenues Face Collapse

News In Brief

• Oman To Tap Gunvor For $3BN
• Iran Says Hormuz Bypass Project Ahead Of Schedule
• Heavy Oil Tests Underway At Atrush Field In Kurdistan
• Iraq Rig Count Hits 73 For April, Highest Since 2014 Oil Price Slump
• IMF: Iraq Growth To ‘Slow Markedly’
• DNO Struggles To Offset Tawke Declines

Selected Data

• Benchmark Crude Prices ($/B)
• Saudi Arabia Crude Osps ($/B Vs Oman/Dubai, Asia Delivery): Arab Heavy Hiked To Seven-Year High For June, Other Key Grades To Multi-Year Highs ($/B)