Issue 06

Oil & Gas

• UAE Gets Major Gas Boost With Jebel Ali Discovery
• Saudi-Kuwait Neutral Zone Start-Up Approaches
• KBR Bags Key Adnoc Contract
• BP Key Egypt Project Sees 12-Month Delay

Corporate

• Total’s Upstream Operations Enjoy Strong 2019
• Majors Capex ($Bn): Exxon Leads A Collective 6% Hike To $107.6bn For 2019

OPEC

• China Imports: Record 2019 But Outlook Uncertain Amid Virus Slowdown
• India Crude Imports: Iraq Still Top Supplier Despite Saudi Surge
• Venezuela’s India Reliance Increases Amid Trump Threats
• Opec Production Falls Sharply, More Cuts On The Way?

Geopolitical Risk

• Iraq Crude Exports: Slow January Highlights Systemic Vulnerabilities

Refining & Petrochemicals

• Egypt Petchems Sector Boosted By Gas Revival, Eyes Expansion

Power & Water

• Abu Dhabi Moves To Consolidate State Utilities

Economics & Finance

• Algeria’s Sonatrach: New CEO, Same Old Challenges
• Algeria’s Forex Reserves Drop To $62bn
• Tunisia Gas Start-Up

News In Brief

• Iraq: New PM Appointed
• Bahrain Studies ‘Mega’ Fertilizers
• Morocco Tenders 400mw Solar
• BPGIC Advances Fujairah Storage Expansion Plan
• Libya’s Waha Gas Output Hits Record In 2019

Selected Data

• Japan Crude Oil & Condensate Imports (‘000 B/D): Saudi Volumes Fall To Lowest Since 2010, UAE Imports Surge To 11-Year High
• Crude Official Selling Prices ($/B): Saudi Arabia Slashes Asia OSPs For Light Grades
• Saudi LPG Official Contract Prices ($/T)
• Brazil Crude Output And Exports Leap In 2019 (Mn B/D)