Issue 20

Oil & Gas

• Apache ‘Excited’ By Egypt Despite Output Plunge
• Egypt Gas Output At 23-Month Low
• Israel-Egypt Gas Hike?
• Mauritania’s Hopes Of Gas Riches Recede Into The Distance

Corporate

• Aramco Profits Slide Amid Turbulent Oil Market
• Cepsa’s Upstream Shift Hampered By Algeria Output Slump
• US Overtakes Algeria As Top Spain Gas Supplier
• Delek Asset Fire Sale

OPEC

• IEA Upgrades Demand Outlook Amid Green Shoots
• Opec: Looking Beyond The Cuts

Geopolitical Risk

• Can Iraq’s Power Sector Maintain Momentum? .
• On Iraq Power, And Power Politics: MEES Interview with Luay al-Khatteeb

Refining & Petrochemicals

• Aramco Expects Sabic Closure, COTC Decision In 2Q20
• Oman Commissions Liwa Plastics

Power & Water

• Saudi Nuclear Plan: Slow Progress, But Expanded Scope Eyed

Economics & Finance

• Saudi Reverts To Austerity To Shore Up Government Finances
• Lebanon, IMF In Bailout Talks
• Egypt Gets Much-Needed IMF Cash

News In Brief

• Egypt Lines Up Ammonia Project
• Kuwait Risks Exhausting Financial Reserves
• Asia Crude OSPs ($/B)*
• Korea, Taiwan Crude Imports Remain Subdued

Selected Data

• Benchmark Crude Prices ($/B)
• Majors Cut 2020 Capex By Up To 35%