Issue 24

Oil & Gas

• Egyptian Med: Ha’py Days For Eni As Virgin Acreage Attracts Major Interest

Corporate

• Adnoc Targets Big Gains From Transformational Foreign Partnerships
• UAE Gas Production, Consumption Rise To Record Levels

OPEC

• Opec Faces Extended Demand Slump

Geopolitical Risk

• Libya’s Oil Sector Feels The Strain
• Gulf Tensions Ratchet Up With Latest Apparent Tanker Attacks

Refining & Petrochemicals

• Iran Looks To Protect Lucrative Petchems Earnings From Tightening US Sanctions

Power & Water

• Lebanon’s New Energy Minister Talks To MEES
• Dubai Looks To Clean Up Powergen Act With 2050 Plan

Economics & Finance

• Tunisia Cuts It Fine With Just-In-Time Power Start-Ups

News In Brief

• Exxon/Sabic Greenlight US JV
• Egypt: Benban PV Boost
• Yemen: UAE Pledges $100mn Power Funds
• Oman Advances Mabrouk Development With Pipe Award
• Libya Boosts Gas Exports To Italy
• Egypt LNG Exports: On The Up
• Jordan: Bumper World Bank Loan
• Korea: Gulf Crude At 5-Year Low
• Italy: Gulf Down, Except Iraq
• Spain: Libya Record
• July Gulf Crude OSPs For Asia Delivery ($/B)

Selected Data

• Benchmark Crude Prices ($/B)
• Key Gulf Producers Ramp Up Drilling