Issue 32

Oil & Gas

• Aramco Looks To Capitalize On Market Need For Low-Cost, Low-Carbon Crude
• Saudi Aramco Profits Triple Amid Higher Oil Prices
• Egypt Oil At Multi-Decade Lows As Gas Dips From Q1 Highs
• Apache Eyes 2H Western Desert Gains, More For 2022

Corporate

• Eni Sees Egypt Receivables Again Raise Their Head
• Egypt: TransGlobe Ups Investment After Concession Deal
• Mauritania: Tortue Advances, Kosmos Eyes BirAllah Sale
• Dana Gas Profits Rise

OPEC

• IEA Warns Of Oil Glut As US Calls On Opec To Pump More

Geopolitical Risk

• New Iran Cabinet Brings Back Shades Of Ahmadinejad

Refining & Petrochemicals

• Saudi Aramco’s Master Gas System: A Work In Progress

Power & Water

• Saudi Electricity Consumption Surges 10% In First Half Of 2021

Economics & Finance

• Saudi Deficit Shrinks To Two Year Low
• Baghdad Seeks IMF Loan, Plans Domestic Debt Issuance
• Kuwait Registers Record Deficit For 2020-21

News In Brief

• Egypt: Record Gas Burn
• Algeria’s Touat: More Problems
• China Crude Imports Remain Weak
• Saudi’s First Wind Farm Starts Up
• Kuwait Announces KHAFJI Gas Pipeline Completion

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Suez Canal Shrugs Off Blockage With Revenue & Tonnage Records