Issue 04

Oil & Gas

• Oman Oil Output Back Above 1mn B/D
• Capricorn Eying 2022 Egypt Output Rebound
• Gulf Keystone’s Shaikan Expansion Delayed
• KRG Anti-Flaring Drive Sees 40mn cfd Sarqala Gas Capture

Corporate

• Vietnam Refinery Halts Kuwait Imports Amid Cash Crunch
• Kufpec Makes Gas Discovery
• Slimmed Down Services Firms Eye Bumper 2022 Profits

OPEC

• Opec 2021 Revenues Rise At Highest Rate Since 1973-74 Oil Crisis

Geopolitical Risk

• Escalation By Yemen’s Houthis Threatens To Engulf The Region

Refining & Petrochemicals

• Iran Targets 3.5mn b/d Refining Capacity
• Saudi Arabia’s Petrochem Reaps Windfall

Power & Water

• Baghdad Seeks Saudi Electricity As Iran Halts Supplies Yet Again
• Israel Electric Finalizes Tamar Price Cut
• Lebanon, Jordan & Syria In Power Deal

Economics & Finance

• Libya Oil Revenues Skyrocket To $30bn In 2021
• Libya’s NOC Eyes $6.9bn Budget For 2022
• Libya Gas Exports To Italy Pick Up
• Libya Central Banks Agree Reunification Plan
• Adnoc Spins Off New Entity To Raise Bonds
• Kuwait Set For 2022-23 Budget Surplus?

News In Brief

• OXY OMAN SIGNS UP TO CUT FLARING
• KRG RE-OPENS SYRIA BORDER
• NEW EGPC CHAIRMAN
• IRAN RESUMES TURKEY GAS EXPORTS
• Iraq: China’s UEG Breaks Ground On Block 9’s 100,000 B/D Processing Facility
• Dubai Electricity Consumption Surges To Record High

Selected Data

• Crude Official Selling Prices ($/B)
• Key Global Crude Stocks Fell Sharply In 2021 (Mn Barrels)