Issue 20

Oil & Gas

• Zohr Gains Offset Declines At Egypt’s Other Gas Fields. But For How Long?
• Egypt Gas Imports From Israel Hit Record 720mn Cfd
• Mauritania Gas Development Gets European Supply Crunch Boost, But Exploration Canned
• China Covid Lockdowns Threaten Tortue Timeline

Corporate

• Aramco Pays Down Debt Burden Amid Record Profits
• Bahrain Unconventional Ambitions Fade Away

OPEC

• US Output: Inflation & Storms Delay Permian Gains With Majors Ever-More Dominant

Geopolitical Risk

• Libya Slides Into Deeper Disarray
• Libya Sees Smuggling Surge As Oil Prices Rise

Refining & Petrochemicals

• Fujairah Set To Offer LNG Bunkering

Power & Water

• Iran Dreams Up 14gw Renewables Target

Economics & Finance

• Saudi Arabia Surges To $15bn Q1 Surplus

News In Brief

• Adnoc Exploration Pays Off Again
• Abu Dhabi’s Borouge To IPO
• SDX Eyes Egypt Gulf Of Suez Growth
• China Refinery Runs Slump
• Total & Libya Upgrade Solar Deal
• Lebanon Elections: Hezbollah & Allies Lose Parliamentary Majority

Selected Data

• Saudi Arabia March 2022 Key Oil Data: Gasoline & Diesel Output At Record And Near-Record Levels For March
• Spain Crude Imports Hit Two Year High As Mideast Volumes Recover From Record Low
• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Asian Spot LNG Prices Ease As Buying Cools