Issue 23

Oil & Gas

• Libya: Set For A Gas Boost In 2019?
• Iraq: May Exports Recovery Pushes Revenues To 7-Month High

Corporate

• Dubai’s Dragon Roars In To Egypt With BP Purchase
• Shell Hikes Capex As Upstream Share Falls Below 50%

OPEC

• Opec Output Rises In May Ahead Of Latest Crunch Meeting
• Venezuela’s Extraordinary Drilling Exploits

Geopolitical Risk

• GCC Rift Enters Third Year As Qatar PM’s Saudi Trip Ends In Acrimony
• Cyprus: Aphrodite Contract Agreed, 2020 FID?

Refining & Petrochemicals

• Saudi Aramco Trading Gets Fujairah Boost
• Ineos Signs Up With Aramco/Total For Satorp Integrated Petchems

Power & Water

• Oman’s 2019 Power Start-Ups Are Last Gas Burners In Project Pipeline

Economics & Finance

• Algeria Cuts Deficit For 2018: Gains Will Likely Prove Short-Lived
• Elections Canned, Again
• Oman: Key Petchems Award

News In Brief

• Oman Nears ‘Sin Tax’ Startup
• Sudan: Democracy Elusive
• Egypt Solar Boost
• Israel Extends Bidding
• Cyprus Eyes LNG Suppliers
• Iraq’s Oil Minister Talks With Lukoil
• Bahrain Offers Firms 100% Stakes

Selected Data

• Benchmark Crude Prices ($/B)
• Saudi Arabia Hikes Crude Osps ($/B Vs Oman/Dubai, Asia Delivery)