Issue 26

Oil & Gas

• Iraq: Key Projects Face Contract Crunch Time
• Oman Condensate Output At Record Highs

Corporate

• Chevron Phillips Wins Stake At Major Qatar Petchems Project
• Advanced & SK Team Up For Saudi Petchems

OPEC

• Iran Crude Exports Collapse To Record Low
• LNG Prices Remain Under Pressure Amid Buoyant Supply, Lackluster Demand

Geopolitical Risk

• Trump To Gulf’s Asian Customers: Pay For Hormuz Security
• Japan: Opec Share Down, UAE Record
• Houthis Expose Saudi Arabia’s Growing Desalination Dependency

Power & Water

• GCC Grid: Could An Iraq Link Give It Relevance?

Refining & Petrochemicals

• Aramco Crude Oil To Chemicals Vision Takes Shape

Economics & Finance

• Algeria Calls Time On Quantitative Easing
• Tunisia Gets Cash Injection
• Egypt’s Freshly-Minted 2019-20 Budget Promises More Subsidy Cuts
• Lebanon’s Deep-Seated Economic Woes

News In Brief

• Aramco Tightens Korea Links
• Sabic Extends Methanol JV
• China Bags 49% Of Acwa Renewables
• China Imports: Russia Vs Saudi
• Libya’s Noc Posts Six-Month High Revenues
• Panic And Confusion In Tunis
• Exxon, Total Expand In Med
• Qatar: Long-Delayed Barzan Gas Approaches Start-Up
• Iraq: Abd Al-Mahdi Secures Key Appointments
• Kushner’s Peace Plan: No Surprises

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Saudi Foreign Reserves* Hit 28-Month High Of $517bn At End-May On The Back Of $70/B Crude