Issue 32

Oil & Gas

• BP’s New Strategy: Will Mauritania Make The Grade?
• Tortue: Kosmos Claims Steady Progress
• Adnoc Spares Umm Lulu Grade From Cuts
• Iraq Crude Export Revenues Rise On Opec+ Cuts

Corporate

• Delek Places $2.25bn Leviathan Bond
• Delek Drilling – Correction
• Cyprus Looks To Strengthen Egypt, Israel Gas Ties

OPEC

• Opec Production Rises As GCC Trio End Additional Voluntary Cuts

Geopolitical Risk

• Beirut Explosion Sends Lebanon Into Humanitarian, Economic Abyss\
• Egypt, Greece Sign EEZ Agreement

Refining & Petrochemicals

• Técnicas Reunidas Looks To Move On From Jazan Fiasco
• Ruwais Fix: OMV Upbeat

Power & Water

• Morocco: From Net Power Importer To Exporter
• Gulf States Bring Big Oil Approach To Big Solar
• UAE Nuclear Start-Up

Economics & Finance

• Egypt’s Debts To IOCs Again On The Rise

News In Brief

• Libyan Crude Cargo In Limbo
• Algeria: LPG Train Delay
• Egypt Eyes 500mw Red Sea Wind Farm
• Adnoc Trading Venture Due To Start By Year-End
• Qatar Runs Q1 Budget Deficit

Selected Data

• Japan Crude & Condensate Imports (‘000 B/D): Saudi Volumes Fall To Record Low In June But Q2 Middle East Share Rises To Record High 92.6%
• Saudi Arabia Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Key Gulf Producers See Drilling Slump In July