Issue 37

Oil & Gas

• Egypt Calls Time On LNG Exports: End Of The Country’s Gas Surplus?
• IPR Buys Pharos Egypt Stakes
• Egypt Western Desert Output At New 12-Year Low; Is A Rebound On The Way?
• Libya’s Oil Exports: What’s At Stake?
• Oman’s PDO: Record Condensate Output

Corporate

• Iraq’s New State Oil Firm: Up And Running Ahead Of Elections
• Iraq Signs HOA For 70,000 B/D Qayara Refinery
• Adnoc Adopts Targeted Approach In Search For Unconventional Partner

OPEC

• IEA Warns Of Exceptionally Tight Oil Stocks
• US Shale Output Tops 8mn b/d, Are The Gains Sustainable?

Geopolitical Risk

• Iraqi & Iranian Fuel Reaches Lebanon
• Mikati Forms Lebanese Government

Refining & Petrochemicals

• Fujairah’s FOT Invests To Capitalize On Murban Futures Launch
• Brooge Brings Phase II Online

Power & Water

• Saudi Arabia Key Oil Stats, July 2021 (‘000 b/d): Annual Oil Burn Gains Begin To Level Off In July, But Still Remain Ahead Of 2020 Levels

Economics & Finance

• IMF Praises Oman’s Economic Strategy, Upgrades Outlook

News In Brief

• Bp, Adnoc & Masdar Partner In Clean Energy Initiative
• Adnoc Drilling: $10bn Valuation
• Algeria Plans $10bn Oil And Gas Capex In 2022
• Egypt & Israel Leaders Meet
• Shell Files for Majnoon Arbitration

Selected Data

• Italy 1h 2021 Crude Imports: Libya Resurgent
• Key Gulf OSPs: Iraq Tops Saudi Cuts, Slashing Asia Prices By Up To $1.50/B For October