Issue 25

Oil & Gas

• Saudi Arabia’s Hormuz Bypass Pipeline Proves Strategic Worth
• Libya’s NOC Inks ‘Historic’ Production-Sharing Deals

Corporate

• Hormuz Shuttles Expedite Middle East Oil Restarts
• Libya’s Mabruk Oil Field Producing At 40,000 b/d

OPEC

• US-Iran Deal: Race Between Falling Inventories And Hormuz Shipments

Geopolitical Risk

• US-Iran Conflict Over, What Comes Next?
• US-Iran MoU Brings War To An End
• Lebanon’s Future In The Balance As US-Iran MoU Signed
• The UAE’s Hormuz Divorce Plan

Refining & Petrochemicals

• Qatar LNG Tankers Start Returning To The Gulf

Power & Water

• Saudi Renewable Generation Doubled To 25TWh Last Year
• Israel’s Electric Company: Running Out Of Gas Options?

Economics & Finance

• Eastern Med 3+1 Initiative, Progress At Last?

News In Brief

• Syria Tenders For New Refinery
• New Pipeline System Planned For Syria
• ConocoPhillips Finalizes Syria Contract
• SPC Plans First Upstream Bid Round
• Jordan Eyes Risha Gas Boost
• Chevron Completes Israel Tamar Expansion
• Egypt Approves 869mw Voltalia Wind Farm
• Opec Revises Up Long Term Oil Demand Outlook Again

Selected Data

• Benchmark Crude Prices ($/B)
• Turkey Gas Imports: Volumes From Iran Increased To A Record High In April (BCM)