Gulf Projects Index value declines from $3.84tn to $3.76tn over the new year.

The apparent desire of both Washington and Tehran to avoid a wider conflict in the region does not mean that the risk to Gulf oil supplies is reducing

The fallout from the Soleimani assassination shows that geopolitcal risk is hampering investor appetite for the region

The Al-Zour refinery is due to become partially operational in the second half of 2020