Issue 43

Oil & Gas

• Karish Start-Up Increases Israel Gas Competition
• Libya On Track For Huge Oil Bounty

Corporate

• Sarsang Expansion Facility Starts Up
• Shell Wins Big In Qatar

OPEC

• Recession Concerns Dominate At Saudi Arabia’s FII
• Saudi Arabia Burnishes Relations With Key Buyers

Geopolitical Risk

• Houthi Terminal Attacks Risk Regional Escalation

Refining & Petrochemicals

• Oman Sets Out Stall For 8.5mn T/Y Green Hydrogen By 2050

Power & Water

• Neom Green Hydrogen. A Paradigm Shift?
• Saudi Arabia’s PIF Readies More Sudairs
• Regional Power Connectors Secure Funding, Gain Momentum
• Jordan Aims To Supply Iraq With Power In 2023

Economics & Finance

• Cairo Agrees New $3bn IMF Deal, Keeps Fuel Prices Unchanged

News In Brief

• Lebanon-Israel Maritime Border Deal Ratified
• Egypt To Develop Gaza Marine
• Murban Availability Falls After Opec+ Cut Agreement
• Adnoc, OMV Agree On LNG Supply For Austria
• Algeria Awards Key EPC Contracts
• Hayan Abdulghani Appointed Iraq’s Oil Minister

Selected Data

• China Crude Imports (‘000 B/D): Russia Tops Saudi Arabia As Top Supplier In Q3 As Overall Volumes Decline
• Benchmark Crude Prices ($/B)
• Weaker Oil Prices Push Saudi Oil Export Revenues Down From Record Levels