Issue 47

Oil & Gas

• The Curious Case Of Algeria’s Hassi R’Mel
• Algeria’s Touat Hit By ‘Technical Issues’ Months After Start Up
• Libya Hits 1.25mn b/d
• Kuwait Oil Company Looks To Heavy Oil To Offset Capacity Declines
• Kuwait Refining Sector Expansion Nears Completion

Corporate

• Gulf Offshore Drilling At 10-Year Low As Saudi, Abu Dhabi Stall On Contracts

OPEC

• Opec+ Looks Ahead To Crunch Meeting
• Iraq Refining Output Collapses As Covid-19 Hits Products Demand

Geopolitical Risk

• Morocco Set For Record Contraction In 2020

Refining & Petrochemicals

• Jazan Refinery Start Up Uncertain As Aramco Eyes 1H 2021
• Saudi Petchems: New Plaschem JV Announced Amid Project Delays

Power & Water

• Saudi Arabia To Shake Up Electricity Sector With SEC Reforms

Economics & Finance

• Aramco Issues Debt To Ensure Dividend Payout

News In Brief

• Aramco Awards Brownfield LTAs
• UAE’s Borouge-4 Feed Progresses
• Iraq Details New Export Grades
• Safco Buys Sabic Agrinutrients
• Barakah Reactor At 80% Capacity
• Acwa Power Wins Saudi Red Sea Renewables Contract

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• The Three Key Us Shale Basins Have Seen Their Rig Counts Rise In Recent Weeks, But Not By Enough To Maintain Output