Issue 22

Oil & Gas

• Nitzana Pipeline Setback Threatens Israel-Egypt Export Expansion
• Iraq LNG Import Plans PAUSED As Gas Shortage Looms
• Bahrain Pursues LNG And Pipeline Deal To Avoid Gas Shortfall

Corporate

• Mauritania Pushes For Tortue LNG Expansion

OPEC

• Tired Baselines Complicate Opec+ Market Management
• Middle East Crude Oil Exports Barometer

Geopolitical Risk

• Libya Force Majeure Looms As Political Crisis Adds To Oil Sector Woes
• Sitra Refinery Expansion “Still On Track” Says Bapco Chief

Refining & Petrochemicals

• GulfNav Agrees Terms For Brooge Acquisition
• Kuwait Fuel Exports At Record High

Power & Water

• UAE Nuclear Powergen Soars, As Saudi Seeks US Partnership

Economics & Finance

• Saudi Oil Export Revenues Drop Sharply
• Aramco Returns To Debt Market In May

News In Brief

• Sudan Secures Additional Power From Egypt
• Sudan Denies Using Chemical Weapons Following US Sanctions
• Saudi Arabia Confirms PNZ Discovery
• Geo-Jade To Invest $1.2bn At Iraq’s Tuba
• Egypt Takes Delivery Of New FSRU
• Adnoc Drilling Secures SLB Tie-Up For Oman, Kuwait
• Azerbaijan Invests In Abu Dhabi Pipelines

Selected Data

• Benchmark Crude Prices ($/B)
• Saudi Arabia’s Reliance On Exports To China Deepens In Q1