Page 3 - DMEA Week 21 2020

DMEA CONTENTS DMEA
COMMENTARY
Saudi and Iraq pledge to rebalance markets 4 Saudi Arabia suspends plans to ship US LNG, puts Al-Khafji on hold 6 NRG: Signs of cautious optimism 7
POLICY
No US intervention as Iranian fuel relief tanker docks in Venezuela 12
EWURA seeks to promote local content in Tanzanian projects 13 TRANSPORT
QP committed to LNG expansion drive, but slashes spending 14 Mozambique LNG secures more than $14bn in loans 15 Tazama pipeline operator seeks $400mn for expansion 16
PETROCHEMICALS
McDermott picked for tech at Saudi PDH unit 16
Egypt unveils $19bn petchem strategy 17 REFINING
Nigeria needs to encourage modular refineries: OPAC 17 Nigerian Navy reports on destruction of illegal refineries 18 Iran to halt condensate exports 19
FUELS
South Africa rations diesel amid quick demand recovery 20
Sasol denies plan to sell fuel retail network 20 NEWS IN BRIEF 21
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