Page 3 - DMEA Week 17 2020

DMEA CONTENTS DMEA
COMMENTARY
Tension rises in the Persian Gulf 4 US extends sanctions waiver to Iraq 6
POLICY
Saudis begin curbing oil output ahead of OPEC+ start date 7
Ghanaian expert says low prices could lead to cuts in oil output 8 PETROCHEMICALS
Total spares $5bn Saudi petchem venture from spending cuts 9 Oman’s $6.7bn petchem venture nears completion 10 Iran expects 30% fall in petrochemical export revenues 10
REFINING
Nigeria incurs further refining losses in Jan 11 KNPC halts work at refinery after COVID-19 case 11 Equatorial Guinea, Marathon choose Vfuels for modular refinery study 12
FUELS
Sonangol strikes deal on use of Pumangol fuel storage facility 13
Botswana keen to ensure fuel and energy supplies during lockdown 13 NEWS IN BRIEF 14
OUR CUSTOMERS 15
ISSN 2632-5101 Copyright © 2020 NewsBase Ltd. All rights reserved. No part of this publication may be reproduced, redistributed, or otherwise copied without the written permission of the authors. This includes internal distribution. All reasonable endeavours have been used to ensure the accuracy of the information contained in this publication. However, no warranty is given to the accuracy of its contents
Week 17 30•April•2020 w w w . N E W S B A S E . c o m P3