Issue 22

Oil & Gas

• Iraq Unveils Optimistic Production Capacity Targets
• Algeria Signs $500mn Upstream Deal With China’s Sinopec. More To Come?
• Aramco Makes Key Saudi Offshore Expansion Award

Corporate

• Forza Petroleum: Record Output, But Investment Cuts
• Algeria Starts Oil Project
• Adnoc Drilling Expands Fleet

OPEC

• Opec Walks Geopolitical Tightrope With Accelerated Production Increase

Geopolitical Risk

• Tehran-Moscow: Deepening Ties Or Growing Competition?

Refining & Petrochemicals

• Key Sadara Chemicals Pipeline Boosts PlasChem Operations
• Oman Establishes New Company For Green Hydrogen Ambitions

Power & Water

• Kuwait LNG Imports Surge Ahead Of Summer Heat
• Libya Power Down 600MW

Economics & Finance

• Tight LNG Market Drives $2bn Revenue Boost For Qatar

News In Brief

• Iran Tanker Seizures Escalate Gulf Shipping Risk
• Iraq Posts New Record Oil Revenues
• Iran Cuts Gas To Iraq, Baghdad Rushes To Riyadh
• Egypt-Focused Capricorn and Tullow To Merge
• Libya’s Agoco Reports 22,000 b/d leak
• Libya’s NOC & Repsol Eye Q3 Drilling
• Borouge Shares Start Trading
• Mubadala Petroleum Hits 500,000 boe/d

Selected Data

• India 1Q22 LNG Imports: Record Value Of Imports In March After Recovering From Two Year Volumes Lows In Jan And Feb
• Crude Official Selling Prices ($/B)
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• Saudi Foreign Reserves Edge Up Over April