Issue 29

Oil & Gas

• Kuwait Upstream Costs Soar
• Saudi Aramco Capacity: 13mn B/D And Out?
• Oman Oil Output Soars To New Record Highs
• Egypt Leans On Israeli Gas To Maintain LNG Exports As Domestic Demand Rises

Corporate

• Algeria Bags $4bn Upstream Deal With Oxy, Eni & Total

OPEC

• Global Oil Focus Switches To August Opec+ Meeting
• Opec’s Cautious Response To Russia Supply Dynamics Pays Off
• China 1h Crude Imports: Bumper Mideast Share Under Threat From Russia
• South Korea 1H 2022 Crude Imports: Mideast Share Rebounds As Russia Shunned
• Taiwan 1H 2022 Crude Imports: Saudi Strengthens Market Share
• US Oil Output Closes In On Record Highs

Geopolitical Risk

• Libya Begins Oil Ramp Up After End Of Blockades
• UAE & France In New Energy Entente

Power & Water

• Iraq-GCC Power Link Set For 2024, While Saudi Talks Advance

Refining & Petrochemicals

• Egypt Refiner Surges To First Ever Profits On Record Margins

Economics & Finance

• Tunisia Set To Return To The Past With New Constitution

News In Brief

• Egypt: $271mn AfDB Food Aid Loan
• Dubai Power Demand Jumps By 6%
• Egypt’s Infinity To Become Africa Renewables Leader With Lekela Purchase

Selected Data

• Crude Official Selling Prices ($/B)
• Saudi May 2022 Key Oil Data (‘000 B/D): Crude Oil Exports Decline Amid Increased Domestic Consumption
• Benchmark Crude Prices ($/B)
• Saudi Crude Burn Soars