Issue 13

Oil & Gas

• Egypt E&Ps See Light At End Of The Tunnel
• Cyprus Aphrodite Deadline Looms: MORE DELAYS Likely
• Israel & Cyprus Talk Power Link, Aphrodite-Ishai

Corporate

• Qatar LNG Shipper Nakilat Sets Course For Expansion With 25-Vessel Charter Agreement

OPEC

• Lower Prices Spur Asian LNG Import Surge
• Opec+ Voluntary Cuts: When Might They Be Eased?

Geopolitical Risk

• Baghdad & Kurdistan IOCs Exchange Blame As Northern Export Halt Enters Second Year
• Yemen’s Houthis Revive Threats to Saudi Arabia on Conflict’s Nine-Year Anniversary

Refining & Petrochemicals

• Israel Refineries Take Late-2023 Conflict Hit

Power & Water

• Abu Dhabi Power Sector Gas Demand Tumbles Amid Nuclear, Solar Boom
• Oman Kicks Off Next Interconnection Phase With $830mn In Deals

Economics & Finance

• Opec Revenues Fall By $160bn In 2023
• Egypt Hikes Fuel Prices As Currency Collapse Stokes Inflation

News In Brief

• Abu Dhabi’s Belbazem Concession Starts Up
• Saudi Satorp Refinery: Taqa/Jera Co-Gen Deal
• Libya Output Up
• Iran-Iraq: New Gas Deal
• Iraq Approves GCC Power Payment
• Iraqis Enraged By Surprise Fuel Price Hike
• Abu Dhabi’s Borouge Plans Further Expansion
• Morocco CSP Out Again
• Argentinian Escalante Heavy Crude Arrives In Fujairah
• Tanker Giant Hafnia Eyes Oil Shipment Revenues Spike
• Yemen Reshuffles Ministers

Selected Data

• Benchmark Crude Prices ($/B)
• US Oil Rig Count Edges Up To 6-Month High 507 For March But Remains Over 100 Down On Levels At The Start Of 2023