Issue 11

Oil & Gas

• Saudi Arabia Throws Down Gauntlet With Aggressive Expansion Targets
• Adnoc Ready To Max Output
• Egypt Upstream Spending Slashed With Oil Price ‘Disaster’
• Egypt 2019 LNG Exports

Corporate

• OMV To Pay Mubadala $4.68bn To Double Borealis Stake
• QP Buys Out Yara From Fertilizers JV
• Opec To Pump At Will Amid Russia Breakup

OPEC

• Global Inventories Set To Swell Amid Opec Showdown
• US Shale In The Time Of Lower Prices

Geopolitical Risk

• Iran Boosts Uranium Upgrading As Domestic Problems Mount

Refining & Petrochemicals

• Kuwait Starts Up Naphtha Unit In CFP Upgrade
• Iraq Refining: Slow Progress

Power & Water

• Tunisia Hits Power Generation Record But Solar Stalls

Economics & Finance

• Oil Price Crash Puts Vulnerable Mena Economies At Even Greater Risk

News In Brief

• Lebanon Defaults On Debt
• Algeria-To-Italy Gas Slump
• Aramco Shares Down 10% From Flotation
• Acwa Wins $2.3bn Uzbek Deal
• India’s BPCL Sale: Any Takers?
• Libya’s Oil Continues Its Fall
• Mauritania: Cairn Entry

Selected Data

• Saudi Arabia’s April OSP Cuts Of $5/B To Asia, $7/B To The Us And $8/B To Europe Are Without Precedent
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• Key Asian Crude Importers Remain Overwhelmingly Reliant On Middle East Supplies