Issue 13

Oil & Gas

• Algeria’s Sonatrach Halves Planned 2020 Spending
• Total Takes Repsol Algeria Gas Stake, Awaits Approval
• Egypt Offshore Drilling: Busy Times, For Now

Corporate

• Gulf Capex In the Crosshairs As Majors Eye Spending Cuts

OPEC

• Non-Opec Output Prognosis Swings Into Deep Freeze
• China & Global Stocks Soar: Imports Depressed, But Demand Slumps More

Geopolitical Risk

• Iran: US Targets Petchems, Products Exports As Tehran Posts Record Petchems Output
• Saudi Renewables: Seconds Out For Round Three As Heavyweights Enter The Ring

Refining & Petrochemicals

• Oman Aims To Double Products, Petchems Exports

Economics & Finance

• Oman ‘Megaprojects’ Threatened By Price Slump

News In Brief

• KRG: More Delays, More Capex Cuts
• CNPC Bags $200mn Iraq Gas Deal
• China’s Anton Extends In Iraq
• Lebanon To Halt Debt Repayments
• IMF: Jordan $1.3bn Facility
• Total Mauritania Shake-Up
• UK Firms: Results Delayed
• Kuwait’s Equate Plans Bond
• Sipchem Shuts PDH/PP Complex

Selected Data

• Crude Official Selling Prices ($/B): Iran Fails To Match Saudi Price Cuts
• Benchmark Crude Prices ($/B)
• Iran’s Last Crude Customer All But Halts Buying