Issue 17

Oil & Gas

• Baghdad-KRG Talks Raise Prospect Of Gas Development Deal
• Shell Cans Egypt Drilling On Wildcat Flop, Capex Crunch
• Eni Curtails Egypt Drilling As Output Slumps

Corporate

• Services Firms Eye Mena Resilience Amid US Shale Collapse: Is This Realistic?
• Services Firms’ Us Shale Outlook: Q1 Bad, Q2 Much Worse, 2020 Activity Down 50%
• Israel Orders Noble & Delek To Play Fair

OPEC

• Oil Markets Endure Week To Forget Ahead Of Opec+ Cuts
• Iraq Talks Cuts With KRG

Geopolitical Risk

• Libya’s Financial Vulnerabilities Laid Bare By Dwindling Oil Revenue

Refining & Petrochemicals

• Egypt Refining Surge Continues With Record Jet-Kero Output
• Saudi Adds Synthetic Rubber To Amiral Petchems Complex

Power & Water

• UAE, Egypt Lead Mena Renewables Expansion
• Adnoc, Adpower Tender For Ambitious HDVC Power Grid Tie-In Of Offshore Facilities

Economics & Finance

• Saudi Arabia Announces Borrowing, Reserves Draw-down Plan
• Kuwait Economy: Turbulent Times

News In Brief

• Qatar: Massive LNG Tanker Order
• Shell Egypt W Desert Sale Delay
• Saudi Oil Burn Up In February
• PNZ Cargo Unloads Off Malaysia
• Algeria Signs Exxon MoU
• Kufpec Quits Tunisia
• QP Completes Seef Takeover
• Saudi Shortlists Nuke Vendors
• Israel: Netanyahu Hangs On
• Iran Asia Crude OSPs ($/B)

Op-Ed & Documents

• Iraq Gas-to-Power: The Time Is Ripe

Selected Data

• Saudi Arabia February 2020 Key Oil Data (‘000 B/D)
• Benchmark Crude Prices ($/B)
• Egypt Oil Balance: New Refinery Units See Major Trading Shift ('000 B/D)