Issue 16

Oil & Gas

• Oman Offers Five Exploration Blocks Including ‘Cornerstone’ Acreage
• Block 7 Oil Discovery
• Saudi Repairs East-West Pipeline After Iran Strike
• US Blockade Tests Iran Oil Sector Resilience

Corporate

• BP Returns To Algeria With Eastern Basin Exploration Licence
• Algeria Counts Down To New Bid Round

OPEC

• Dark Shadow Of Geopolitics Looms Over Energy Sector

Geopolitical Risk

• US Opts For Economic Pressure In Iran Conflict
• US Imposes Maritime Blockade On Iran
• Presidential Election Shakes Up Iraqi Politics
• US Brokers 10-Day Israel-Lebanon Ceasefire
• Libya’s Rival Administrations Approve US-Brokered Unified Budget
• UN Security Council Votes To Counter Libyan Oil Smuggling

Refining & Petrochemicals

• UAE Oil Trade: Activity Uptick, Or Exodus?

Power & Water

• Egypt Gas Balance Boosted By Returning Israel Imports

Economics & Finance

• Oman On Course For Record Crude Export Revenues In May
• Egypt Aims To Pay Down Arrears To IOCs By End-June

Op-Ed & Documents

• The Repricing That Matters: Gulf Project Finance After Hormuz

News In Brief

• Kurdistan’s Khor Mor Gas Field Starts Back Up
• OMAN: OQEP TO FARM IN AT BLOCK 27
• QATARENERGY-TOTAL MAKE CONGO DISCOVERY
• ISRAEL’S KARISH FIELD FULLY OPERATIONAL
• EGYPT PLANS TO LIST 10 PETROLEUM COMPANIES
• Benchmark Crude Prices ($/B)

Selected Data

• IMF, World Bank Announce Sharp Downward Revisions For GCC Growth