Issue 40

Oil & Gas

• Aramco Targets 13mn b/d Output Capacity By 2027
• INOC To Partner TotalEnergies On Iraq Megaprojects
• Iraq Oil Revenues Hit Two Year High As Somo Waves Goodbye To Basrah Light

Corporate

• Abu Dhabi’s Masdar Signs Up For 1GW Solar In Iraq

OPEC

• Opec+ Unwilling To Risk Easing Cuts Further In November
• Opec Closes The Gap, But Remains Well Under Output Ceiling For September
• Saudi Crude Exports Surge As Opec+ Cuts Are Eased

Refining & Petrochemicals

• Libya Adds New Refinery To Ambitious Southern Energy Development Plans

Power & Water

• Riyadh, Cairo Sign $1.8bn Power Connection Deals

Geopolitical Risk

• Petrofac Hopes To Turn Page After UK Bribery Conviction
• Saudi’s PIF In Toon Takeover

Economics & Finance

• Iraq Looks To Tap Unbanked Savings With Domestic Bond Issue

News In Brief

• Egypt LNG: Exporting, For Now
• Egypt & Lebanon Talk Gas
• UAE Pledges 2050 Net Zero
• Exxon Lines Up Ship For Q4 Cyprus Drilling
• Fertiglobe Set For October IPO
• Lebanon Loses Powerships
• Shell & Iraq May Hike BGC Capacity
• Saudi Arabia Key Asia OSPs ($/B Vs Oman/Dubai): Riyadh Cuts Prices To Key Asian Market For Third Straight Month
• US Iraq Crude Imports At 18-Year Low
• Algeria: 1GW Solar Tender By End-2021, Hydrogen Plans

Selected Data

• Crude Official Selling Prices ($/B):Saudi Cuts Key November Prices
• Benchmark Crude Prices ($/B)
• Oil Majors’ Mid-Term Capex Plans: Spending To Remain Tight Out To 2025