Issue 42

Oil & Gas

• BP Advances Second Mauritania Gas Hub As State Ups Stake
• Libya’s Oil Output Under Threat

Corporate

• Egypt Polyethylene Firms Set To Combine

OPEC

• Europe Turns To Middle East For Replacement Gasoil Supplies
• UAE Energy Minister Calls For Stability To Encourage Investment
• India Crude Imports: Russia Tops 1mn B/D
• South Korea Crude Imports Hit Three Year High As Mideast Dominates

Geopolitical Risk

• $2.5bn Scandal Rocks Iraq Amidst Government Formation
• Kuwait Hopes For New Political Dawn. Again

Refining & Petrochemicals

• Initial Q3 Saudi Petchems Results Point To Downturn
• Sabic: Jubail MEG Start-Up

Power & Water

• Egypt Taps Russian Oil, Israeli Gas To Keep LNG Exports Flowing
• Qatar Inaugurates Al Kharsaah Solar PV Plant

Economics & Finance

• Saudi Gasoil Consumption Hits Six Year High Amid Economic Boom
• Tunisia: Worse Before It Gets Better?
• Tunisia Ramps Up Russian Oil Imports

News In Brief

• IMF & Egypt Close On New Loan Deal
• Korea LNG: Record Prices
• Iraq: New Akkas Gas Plant
• Iran Negotiates Turkey Gas Contract Renewal
• ALGERIA-Slovenia GAS DEAL
• Adnoc Unlocks more Upper Zakum
• Iraq’s Rumaila: Chinese Firm Bags Expansion Contract

Selected Data

• Saudi Arabia August 2022 Key Oil Data: Diesel Consumption At Six-Year High
• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• US CRUDE STOCKS: RECORD LOW, SET TO FALL FURTHER