Issue 33

Corporate

• Aramco Posts Highest Profits For Any Firm, Ever

Oil & Gas

• Aramco’s Nasser: More Global Upstream Capex Needed
• ‘Full Steam Ahead’ On Aramco Upstream Expansion

Refining & Petrochemicals

• Aramco’s Overseas Downstream Expansion: Much More To Come
• Iraq Hopes To Slash Products Imports By 60% From Next Year

OPEC

• Saudi Arabia June 2022 Key Oil Data: Oil Burn & Refinery Crude Intake At Record Highs

Geopolitical Risk

• Dreams Of A Trans-Saharan Gas Route To Europe
• Iran’s Final Chance At A Nuclear Deal: Will It Work?

Power & Water

• Egypt Turns Lights Off In Bid To Boost LNG Exports
• Egypt Calls Time On FSRU Contract

Economics & Finance

• Morocco’s Trade Deficit Hits Record For 1H 2022
• Oman: Fitch Upgrade

News In Brief

• Swedish Funds For Saudi-Egypt Grid Tie Up
• UAE Firm In Turkey Renewables
• Israel Firms Target Mena Renewables
• Energean Spuds Israel Exploration Well
• Israel-Turkey Fully Restore Diplomatic Ties
• Libya’s Waha Restarts Dahra Field
• Egypt Central Bank Governor Resigns
• Tunisia’s New Constitution In Force
• Iraq-Lebanon Hfo Deal: 1-Year Extension
• Algeria’s Petchems Push

Selected Data

• Crude OSPs ($/B): Iran Raises Key Iranian Light Grade To Asia For September To Record High
• India 1H22 LNG Imports: Qatar Strengthens Market Lead As Overall Volumes Fall
• Benchmark Crude Prices ($/B)
• South Korea Prioritising Mideast Crude Imports With UAE At 17-Year High