Issue 20

Oil & Gas

• Algeria’s Gas Output Turnaround
• Egypt Gas: Eni Sees Output Slump Despite Zohr
• Iran’s Petropars Awarded Major Gas Development Project

Corporate

• Sonatrach Adds Equinor And Sinopec To MoU List
• Iraq-Exxon WQ-1 Standoff
• US Firms Double Down On Permian As Race For Top Producer Hots Up

OPEC

• China Crude Imports: Iran Volumes Stay High As Beijing Closes Tax Loophole

Geopolitical Risk

• Iran Prepares To Increase Oil Exports Amid Positive Vienna Talks

Power & Water

• Iran Deepens Iraq Energy Role With 3GW Basra Power Plant
• Oman Plans 25GW Green Hydrogen Project

Refining & Petrochemicals

• Saudi Crude Exports Tumble To Ten-Year Lows Amid Deeper Cuts

Economics & Finance

• Adnoc Prepares To IPO Fertilizer & Drilling JVs
• Iraq’s Oil Ministry Disputes 2021 Budget

News In Brief

• Tamar-Mubadala Deal On Track, Says Delek
• Morgan Stanley Joins IFAD
• Adnoc: $318mn Bu Hasa Award
• Egypt: Offshore Sinai Drilling
• SDX: Egypt Down, Morocco Rebound
• Gaza: No More Fuel, No More Power
• Benchmark Crude Prices ($/B)

Selected Data

• Crude Official Selling Prices ($/B)
• US Drilling Increases After Flatlining In April