Issue 33

Oil & Gas

• Tunisia’s Oil Industry Faces Existential Crisis
• Petrofac’s Algeria Moves

Corporate

• Key Contractor Expects Adnoc Award Delays
• Oxy: Algeria Is Not for Sale. But Its Other Mena Assets Could Be
• Saudi Aramco Reaffirms Dividend Pledge Despite Generational Challenges
• Saudi Aramco: “Gas Is A Growth Area For Us”

OPEC

• Opec, IEA Point To Fragility Of Oil Market Stability

Economics & Finance

• Lebanon: Aid, Reconstruction Take Center Stage Following Beirut Blast

Geopolitical Risk

• Washington’s Obsession With Syrian Oil: What’s It All About?
• UAE, Israel Sign Historic Normalization Agreement

Refining & Petrochemicals

• Sabic Losses Continue Due To Tough Market And Impairments
• Jazan Refinery Start-Up Set For 1Q21

Power & Water

• Abu Dhabi’s First Barakah Reactor Start-Up Points To 2024 Full Capacity

News In Brief

• Lebanon: Protests, Resignations, Chaos
• Eastern Libya Threatened With More Power Cuts
• Petrofac Eyes Admission To Saudi Onshore LTA Plans
• Khor Mor Expansion Slowed By Covid-Disruption
• Taqa 2Q20 Earnings Down 28%

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Global* Offshore Activity Sinking Fast As Number Of Active Drilling Rigs Falls To A Historic Low Of Just 195 In July