Issue 22

Oil & Gas

• Bahrain Advances Development Of Huge Unconventional Reserves
• Bahrain In Talks With Neighbors Over GCC Gas Grid
• Libya’s Agoco Boosts Output Capacity
• Neptune Energy: Algeria, Egypt Deferrals

Refining & Petrochemicals

• Egypt $19bn Petchem Plan
• Kuwait Eyes First Exports After Clean Fuels Upgrade
• Sonatrach Refinery: Virtual Progress

Corporate

• KRG: Key Producer DNO Expects 30% Output Drop From Tawke License

OPEC

• Energy Investment: Oil And Gas Bear The Brunt Of Unprecedented Cuts
• China: Record UAE Imports As Demand Edges Higher
• US Crude Trade: Buoyant, For Now
• US Shale: Record Slump; Now For The Rebound?

Geopolitical Risk

• Saudi Arabia Looks To Expand Iraq Footprint

Power & Water

• GCC Renewables: Slow Start, But Gaining Momentum
• Israel Awards $1.5bn Desalination Project

Economics & Finance

• Lebanon-Sonatrach Fuel Scandal Lays Bare Energy Sector Corruption

News In Brief

• Oman Smashes Output Records
• Oman Offshore Field: First Exports
• Adnoc Cuts Crude Nominations
• Panoro Claws Back Tunisia Output
• Advanced Awards PDH Catalysts
• Algeria Raises Saharan Blend OSP To +0.40 For June, Up $2.90/B From May’s 8-Year Low ($/B)

Selected Data

• Benchmark Crude Prices ($/B)
• Oil Investment Collapse Risks Future Shortfall-IEA