Issue 34

Oil & Gas

• Iraq’s State Drilling Firm Expands Its Role
• Iraq Approves BP & CNPC Rumaila Restructuring
• Adnoc Signs $1bn Engineering Framework Deals

Corporate

• China’s UEG Sees Record Output At Iraq’s Faihaa, Targets 100,000 b/d
• US Permian Output: Firms Strap In For The Long Haul
• Permian Consolidation: Who Might Buy Shell’s Delaware Assets?

Geopolitical Risk

• Power Struggles Threaten Libya’s Oil Rebound
• Algeria Cuts Diplomatic Ties With Morocco

OPEC

• China Crude Imports: Record Kuwait Volumes As Saudi Keeps Top Spot
• LNG: China Imports Ease But Market Remains Firm

Refining & Petrochemicals

• Egypt Oil Demand Almost Back At Pre-Covid Levels

Power & Water

• Egypt Water Scarcity Expedites Desalination Plans
• Iraqi Lawmakers Probe GE & Siemens Contracts
• Iraq Claims Powergen Record Despite Attacks
• China's Three Gorges Inn 411MW Egypt/Jordan Deal
• Power China Snags 2GW Iraq Solar

Economics & Finance

• Libya Oil Revenues Soar But Still Short Of Central Bank Target
• Libya’s Forex Reserves Fall 21% In 2020

News In Brief

• Libya Eyes Mabruk Field Redevelopment
• Algeria: Delay To Key Gas Projects
• Japan Fronts $300mn For Iraq Refinery
• Iran-Afghanistan Oil Products Shipments
• Lebanon Picks ENOC For Iraqi HFO Swap
• Benchmark Crude Prices ($/B)

Selected Data

• Key Consuming Country Oil Stocks Fall Back Below Pre-Covid Levels