Issue 19

Oil & Gas

• Kuwait Targets 2030 For Delivery Of $19bn In Megaprojects
• North Kuwait Heavy Oil Hits 75,000 B/D Capacity
• Shell & BP Advance Egypt Drilling As Chevron & Exxon Make Deepwater Splash
• Egypt Oil Output Continues To Flatline Despite Higher Capex
• Israel-Egypt Onshore Gas Pipeline Advances With Cabinet Approval
• Gulf Rig Count Surges As Services Firms Eye More To Come

Corporate

• Tethys Eyes Second Oman Output Base

OPEC

• China Crude Imports Dip In April: Has Russia Wave Peaked?

Geopolitical Risk

• Libya Scrambles For Gas Supplies To Keep The Lights On
• Tatneft Libya Find
• Conoco Committed To Low-Cost Libya, But ‘Further Prize’ Requires Better Terms

Refining & Petrochemicals

• Iraq Restarts Qayara Exports With Eye On Building Case For Nearby Investment Refinery
• Basra FCC Complex Advances But Other ‘Investment Refineries’ Struggle

Power & Water

• Dubai Solar Boom Struggles To Keep Ahead Of Rising Demand

Economics & Finance

• Saudi Arabia Slips To Modest Q1 Deficit

News In Brief

• Egypt: Ratings Downgrades
• Algeria: Touat Restart Setback
• Cyprus- Israel: Presidential Visit, Aphrodite Talks
• Iraq-Turkey Crude Exports Set To Resume?

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Top US Permian Producers (‘000 Boe/d): Conoco Closes Gap On Chevron As Exxon Sees Q1 Surge
• Saudi LPG Official Contract Prices ($/T)