Issue 27

Oil & Gas

• Adnoc Proposes Crude Oil Pricing Switch
• Sabratha Compression Start-up Gives Libya Gas Boost
• Exxon To Expand Cyprus Offshore Footprint

Corporate

• Israel’s NewMed Faces Lawsuit Over Egypt Gas Deal
• Genel Diversifies Production Base With Egypt Entry

OPEC

• Hormuz Oil: The Great Restart Is Underway

Geopolitical Risk

• Ships Cautious On Hormuz Transits Following Recent Strikes
• Saudi Oil Revenues Normalize in April
• Baghdad Courts Washington With Energy Deals And Anti-Corruption Push Ahead of Zaidi Visit

Refining & Petrochemicals

• XRG Expands Gas Investments In The Americas
• Will Iran Deal Reconfigure Regional Products Flows?

Power & Water

• Oman Plans Ambitious Power Sector Reforms

Economics & Finance

• Egypt Clears IMF Hurdle, But Fiscal Pressures Mount

News In Brief

• Petchems Expansion Completed At Saudi Arabia’s Jubail
• Iraq Approves Payment To Excelerate For LNG Terminal
• Kurdistan Targets 170,000 b/d Output Restart
• Adnoc’s Shipping Arm Expects Profit Boost
• Oman: Omfico IPO Raises $678mn
• Acwa Power To Add 40MW To Morocco’s Khalladi Wind Project

Selected Data

• Benchmark Crude Prices ($/B)
• Saudi Red Sea Imports Near $9bn As Trade Patterns Shift