Issue 32

Oil & Gas

• Iraq’s Output Hits Export Capacity Limits
• Eni Makes ‘Big But Not Massive’ Cyprus Gas Discovery
• Apache Posts Q2 Egypt Oil Growth With More To Come In 2H 2022
• Egypt Gas Continues Decline In Q2 Despite June Rebound

Corporate

• Adnoc Drilling Rides Parent’s Coattails With Record Results
• Lamprell: Last Chance Saloon

OPEC

• Opec Output Gap Reaches New High As Market Outlook Remains Cloudy

Geopolitical Risk

• Algeria Eyes Greater LNG Market Access With Skikda Port Expansion
• Neptune Eyes Touat Restart

Refining & Petrochemicals

• Sabic: Record Q2 Figures, But Outlook Crimped By Global Economic Headwinds

Power & Water

• Iraqis Take To Streets As Southern Grid Melts
• Mena Green Hydrogen: Air Products Bullish On Funding As Acwa Signals Neom Progress

Economics & Finance

• Oman’s Economy Rebounds With $2bn 1H Surplus

News In Brief

• Iraq’s WQ-1: Exxon Buyout Awaits Settlement
• New Libya NOC Targets 2mn b/d
• Oman Blocks 3&4: Output Guidance Cut Again
• Saudi Invests $1.3bn In Egypt State Firms
• KNPC Produces Clean Fuels
• China Crude Imports Still Depressed, Russia Ahead Again

Selected Data

• Italy Imports Record Volumes Of Russian Crude
• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• US OIL EXPORTS HIT A RECORD 9.7MN B/D FOR JULY, BUT LNG EXPORTS DOWN 1MN TONS SINCE MAY ON FREEPORT PLANT OUTAGE