Issue 21

Oil & Gas

• Israel Gas Exports To Egypt Hit New Heights As Output Continues To Climb
• Energean: Olympus Concept Selected
• Algeria’s Oil Output Falls Back Below 1mn b/d As Focus Switches To Maxing Gas Exports
• Algeria Looks To Cut Costs On New Refinery

Corporate

• Offshore Med & Nile Delta Blues Continue For Egypt Gas Output

OPEC

• Middle East Crude Flows To Europe: Slow Gains

Geopolitical Risk

• Saudi Oil Imports Rise On Increased Demand

Refining & Petrochemicals

• Kuwait’s Al Zour: Third CDU Set For June Startup

Power & Water

• Acwa Power, PIF Team Up For 4.55GW Saudi Solar Projects

Economics & Finance

• Oman Achieves $1.17bn Surplus for Q1

News In Brief

• KPC Plans Oil Trading Arm
• Kuwait Eyes Petchems Integration At Al Zour
• Iraq Finalizing Details For Sixth Licensing Round
• Saudi Minister : Short Sellers Will ‘Ouch’
• Adnoc-Taqa Team Up On Seawater Project
• China Imports: Saudi Ahead Again
• Egypt Extends Bidding
• Oman’s Block 70 Flows Extra-Heavy Oil
• Chevron Expands In US Shale
• Israel’s Refineries: Bumper Output For Q1

Selected Data

• Crude Official Selling Prices ($/B)
• Saudi Arabia Key Q1 Oil Data: Oil Burn Up Year-On-Year
• Benchmark Crude Prices ($/B)
• US Shale Output Finally Set To Top Dec 2019 Record For May