Issue 01

Oil & Gas

• Egypt Bid Round Awards: Eni Wins Big Amid Lackluster Overall Interest

Corporate

• Apache Looks To Egypt Growth Following Contract Modernization
• Apache’s PSC Terms: Why Modernize?

OPEC

• Libya Resurgence Drives Opec To 2021 Production Gains
• Opec+ Starts 2022 With Agreement To Further Ease Cuts
• Kuwait’s Haitham Al-Ghais Elected Next Opec Secretary General

Geopolitical Risk

• Saudi Crude Oil Exports Sink To 11-Year Low For 2021; Now For The Rebound

Refining & Petrochemicals

• Iraq: China’s CNCEC Signs For 300,000 b/d Faw Refinery & Petchems Complex

Power & Water

• Algeria Launches 1GW Solar PV Tender

Economics & Finance

• Algeria’s 2021 Gas Exports Highest In Over A Decade
• Iraq Oil Export Revenues Exit 2021 At 3yr-High And Rising

News In Brief

• Egypt Foreign Reserves Up $871mn At $40.9bn
• UAE’s NPCC Bags Saudi & Adnoc Offshore Contracts
• Mcdermott Wins Big In Qatar
• Oman’s Ras Markaz Slips To Q2
• Iran’s South Azadegan To Hit 320,000 B/D By Mid-2023
• Iraq Eyes INOC For Exxon’s Wq-1 Stake
• Former Iraqi Deputy Electricity Minister Jailed
• Egypt: New Gasoline Unit
• EBRD: $54mn For Morocco Wind
• Dana Gas Slashes Egypt Receivables
• OSPs ($/B): Saudi Cuts Feb Asia Prices
• Benchmark Crude Prices ($/B)
• New Kuwaiti Government Sworn In
• Libya’s Harouge Hits 44,000 B/D In 2021, Eyes More

Selected Data

• Suez Canal Posts Records For 2021