Issue 23

Oil & Gas

• Abu Dhabi Gas Output: Set For A Third Consecutive Year Of Decline?
• Algeria Looks To Reduce Reliance On Morocco Pipeline

Corporate

• Qatar Signs Record-Breaking Deal For LNG Tankers
• Oman’s PDO: Solar Startup

OPEC

• Opec Production Tumbles To 18-Year LowAs Cuts Take Effect
• US Data: Record Stocks, Record Cuts, Which Way From Here?
• Brazil, Norway: Bumper Output & Exports
• Italy Imports At Record Low As Covid Hits But Iraq Bucks The Trend
• Turkey Slashes Piped Gas Imports For Cheap LNG

Geopolitical Risk

• Mena’s Poor Relations Turn To IMF To Weather The Covid-19 Storm

Refining & Petrochemicals

• Aramco Exits Indonesia’s Cilacap Refining Project, Nears Reliance Deal
• Kuwait Completes Clean Fuels Upgrade With Hydrocracker Installation

Power & Water

• Dubai Solar Capacity Tops 1GW
• Dubai Eyes Desal Discount With IWP Re-Tender

Economics & Finance

• Saudi Arabia Taps Foreign Reserves To Fund Overseas Investments

News In Brief

• Oman: PDO Eyes 2024 Output Boost
• EGPC Ups Midor Stake To 80%
• Tunisia Completes 625mw Plant
• Israel Producers Face LNG Competition
• Iran Oil & Gas Revenues Collapse

Selected Data

• Crude Official Selling Prices ($/B)
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• Turkey Crude Imports, Top 5 Suppliers* (‘000 B/D, 3MTH Moving Average)