Issue 18

Oil & Gas

• Saudi Aramco Upstream Activity Jumps In Early 2021
• Iraq’s Monthly Oil Revenues Remain Above $5bn Despite April Dip
• Oman State Firm Sees Oil & Gas Output Drop Amid Opec+ Cuts
• Iraq Offers To Buy Exxon Wq-1 Stake ‘In Kind’

Corporate

• Israel Bid Round: Major Attraction?
• Exxon Hikes 2020 Permian Forecast, Eyes Q4 Start-Up At Sabic JV Cracker

OPEC

• Opec Production Edges Up Ahead Of Tapering
• Japan LNG Imports At 3-Year High As East Asia Sees Record Q1

Geopolitical Risk

• ‘Last Chance’ For Tunisia’s Beleaguered Economy
• Another One Bites The Dust: Shell To Quit Tunisian Upstream

Refining & Petrochemicals

• Oman’s OQ Raises $750mn Bond As It Looks To Bring Delayed Downstream Projects Online
• OQ Commissions Salalah LPG Plant
• Iraq Advances Gas Processing, Petchems

Power & Water

• Kuwait Receives Bids For $1bn Jurassic Gas Production Facilities
• Delek Readies New East Med Spin-Off

Economics & Finance

• Saudi Deficit Shrinks As Capex Responsibility Switches To PIF

News In Brief

• IS Attacks Iraq’s Bai Hasan
• Iraq’s Karbala Refinery: 70,000 B/D Phase 1 To Start In 1Q22
• Conoco Keen On Qatar
• Adnoc Unveils First Exchange-Set Murban Price
• Morocco Gas Record, Q2 Drilling
• Sonatrach: A Return To Libya?

Selected Data

• Crude Official Selling Prices ($/B)
• Japan Crude Imports: Saudi Bags Record 46% Market Share In Q1
• Benchmark Crude Prices ($/B)