Issue 19

Oil & Gas

• UAE Enters Post-Opec Era With 120Bn-Barrel Resource Base
• Abu Dhabi’s Shah Gas Field Production Increasing After Attack
• Morocco Gas Imports Down As Record Rainfall Boosts Hydropower
• Egypt, Algeria Sign Energy Deals

Corporate

• Chevron Eyes Further East Med Growth
• Jordan Signs Short-Term Lease For Iraq’s FSRU

OPEC

• Opec Output Drops To 36-Year Low
• Oil Markets Enter Danger Zone As Inventories Drain

Geopolitical Risk

• US-Iran Exchange Fire, But ‘Deal’ Speculation Mounts

Refining & Petrochemicals

• Saudi Turns To Fuel Oil Imports Amid Hormuz Closure
• Fujairah Suffers Damage From New Iranian Strikes
• Billion Dollar Deals For Abu Dhabi’s Ta’ziz Chemicals Zone

Power & Water

• Masdar Takes The Lead In Abu Dhabi’s Renewable Drive

Economics & Finance

• Libya’s Oil Revenues Surge Thanks To Gulf Turmoil
• Egypt Imposes Levy On Nitrogen Fertilizer Exports
• Scatec Adds Equity Partner To Egypt Solar Project
• Saudi Deficit Surges Above $33bn In Q1

News In Brief

• ISRAEL TO EXAMINE GAS STORAGE POTENTIAL
• Second Iraqi Fuel Oil Tanker At Banias
• US Sanctions Iraq’s Deputy Oil Minister
• Iraq: New Oil Discovery On Saudi Border
• Saudi Renewables Capacity Tops 14GW
• Tunisia’s Energy Minister Sacked Over Solar Projects Controversy

Selected Data

• Benchmark Crude Prices ($/B)
• Record Brazil Production Provides Modest Market Relief