Issue 08

Oil & Gas

• Oman’s Upstream Gets Key Gas & Offshore Boost
• Saudi Energy Minister Makes Gas Export Pledge
• Saudi Oil Stocks: Record Drawdown

Corporate

• Shell Egypt: Mixed Signals
• Shell’s Western Desert Acreage: Runners & Riders

OPEC

• US Surges Past Saudi As World’s Top Oil Exporter
• Spain 2019 Crude Imports: Opec Supplies Hit Record Despite Zero Iran Volumes
• Spain 2019 Gas Imports: Algerian Volumes Slump Amid Cheap And Abundant LNG

Geopolitical Risk

• Algeria Posts 5th Straight Trade Deficit

Power & Water

• UAE Gets Nuclear OK, 3Q20 Start-Up Possible
• Adpower JV Signs Up For 2.4GW Fujairah CCGT

Refining & Petrochemicals

• Saudi Naphtha Consumption Tanks: Has Sadara Stopped Processing?
• Egypt’s Asorc Awards Assiut Hydrocracker
• Sadara Debt Reprofiling

Economics & Finance

• Qatar 2019 Trade: Europe No Panacea As Revenues Fall Despite LNG Volume Surge
• Kuwait LNG Imports Rise In 2019
• QP-France LNG Deal

News In Brief

• Adnoc $1.65bn Sour Gas EPC Deals
• Kuwait CFP: ‘Steady Progress’
• Aramco Trading Signs Kuwait Crude Deal
• Saudi Selects IWP Bidder
• Egyptian Firms Win Nuclear Work
• Mauritania: BP Keeps Tortue Sales In-House
• Algeria’s 3.5BCM/Y Ain Tsila ‘Ahead Of Schedule’
• Germany 2019 Crude Imports (Mn B/D, Top 7 Suppliers)
• Tunisia Set For New Government
• Leviathan ‘Malfunction’

Selected Data

• Benchmark Crude Prices ($/B)
• Asian LNG Prices ($/Mn BTU)