Issue 18

Oil & Gas

• Iran’s Million Barrel West Karun Ambitions Recede Into The Distance
• Total Snags Rig For Key Lebanon Well
• Cyprus’ Aphrodite: Chevron Spuds Crucial A3 Well
• Algeria-Italy Gas Hits 11-Year High 3bn cfd But Overall Exports Down Again

Corporate

• Egypt Output Gains Threatened By Mounting Receivables
• Eni Egypt Output: Gas Rebounds As Oil Continues Slide
• Aramco Adds Metal To Saudi Diversification Plans With Chinese RAS-AL-KHAIR Steel Tie-Up

OPEC

• Opec Output Tumbles Ahead Of Voluntary May Cuts

Geopolitical Risk

• Iran Seizes Second Oil Tanker In Strait Of Hormuz

Refining & Petrochemicals

• Adnoc Shifts Planned LNG Export Terminal From Fujairah To Ruwais

Power & Water

• Libya-Italy Gas Halt Amid Mellitah Shutdown
• Morocco: Record ‘Spain’ Gas Imports

Economics & Finance

• Qatar’s Export Revenues Decline In Q1

News In Brief

• Iraq Inches Towards Northern Export Restart
• Russia-Saudi Oil Products Trade Hits 330,000 b/d
• Al Zour Refinery Exports Resume
• Adnoc Adds Fujairah Storage
• Sonatrach Eyes Ain Tsila Start-Up As Sunny Hill Advances Litigation
• Turkey Sucks Up Europe’s Surplus LNG
• Egypt LNG Exports Slump On Output Outages
• Egypt Hikes Diesel Prices

Selected Data

• Crude Official Selling Prices ($/B): Saudi Cuts Asia Prices Of All Grades For June
• Benchmark Crude Prices ($/B)
• World’s Top LNG Exporter (Mn Tons): Us Surges Ahead With Restart Of Freeport Export Terminal