Issue 26

Oil & Gas

• Exxon Starts Cyprus Seismic, Eyes More Wells
• Egypt Major Moves: Chevron To Drill, BP Takes Block
• Algeria Announces Major Boost To Hassi R’Mel Gas Reserves
• Morocco Begins LNG Imports Via Spain

Corporate

• Qatar LNG Expansion Partners Eye Liquids Riches

OPEC

• Opec+ Ratifies Agreement To Unwind Cuts In August

Geopolitical Risk

• Iraqi Kurdistan Gas Expansion Work Suspended After Attacks
• Yemen Upstream Hit By OMV Exit
• Libya Oil Blockades:Losses Near 1mn b/d
• Iran Nuclear Talks Move To Doha
• Syria Oil-For-Aid Initiative: Can It Gain Traction?

Refining & Petrochemicals

• Oman’s Duqm Emerging As Key Green Hydrogen Hub

Power & Water

• Neom Plans Gradual Renewables Ramp-Up

Economics & Finance

• Opec Revenues Set For 2022 Windfall After 2021 Turnaround

News In Brief

• India: Record Runs On Record Russia Imports
• Turkey: Russia Imports Leap
• Algeria’s Reggane: Repsol Expands
• World Bank: $500 Egypt Loan
• US Service Firms ‘To Quit’ KRG
• Schlumberger Kuwait: Jurassic Perk
• Total: Oman Block 12 Seismic
• Saudi-Iran Talks May Go Public
• Tunisia Presents New Constitution
• Saudi Fas Energy Plans Egypt 500MW Solar PV Plant

Selected Data

• Crude Official Selling Prices ($/B)
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• The US Rig Count