Issue 22

Oil & Gas

• Chevron Submits Aphrodite Plan As Nicosia Attempts Strategy Shift

Corporate

• Saudi-Kuwait Neutral Zone Escapes Opec+ Cuts

OPEC

• Middle East Oil Demand Set For Summer Surge
• Saudi Crude Exports Drop Amid Voluntary Opec+ Cuts

Geopolitical Risk

• Israel Turns To Kazakh Crude As KRG Flows Dry Up
• Baghdad-Erbil Agreements Buffeted By Political Headwinds

Refining & Petrochemicals

• Rabigh Set For Graphite Plant
• Advanced Petchems Refinances

Power & Water

• Kuwait Considers Buying Power As Generation Capacity Flatlines
• Jordan-Iraq Power Supplies Set To Start
• Baghdad Approves Solar Projects

Economics & Finance

• Qatar Q1 Export Flows Normalize As LNG Spot Markets Cool

Op-Ed & Documents

• Why Space Is Aramco’s Next Frontier

News In Brief

• Egypt-Turkey Normalize Relations
• Adnoc L&S IPO Raises $769mn
• Kuwait Set For 6 June Parliamentary Elections
• Boskalis Wins Crucial Iraq Pipeline Contract
• Energean Renames Israeli Gas Finds

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Turkey’s Q1 Gas Imports Fall Below Seasonal Norms As Volumes From Key Pipeline Suppliers Slump