Issue 50

Oil & Gas

• Israel Bids To Capitalize On Lebanon & Egypt Drilling, Europe Gas Demand Surge
• Total Readies Lebanon Drilling As Bidding Extended
• Iraq’s Zubair Oilfield Gets Gas Compression Capacity As BGC Readies Expansion
• Siba Partners Drill Yamama Gas Well
• Saudi/Kuwait Sign MoU For Dorra Development
• Morocco Gas Development Advances With Framework Sales Deal

Corporate

• Genel Considers Impairment At Iraqi Kurdistan’s Sarta As Latest Well Flops

OPEC

• IEA Upgrades Demand Outlook On Lowered Inflation Forecast, China Reopening

Geopolitical Risk

• Xi’s State Visit Underlines Burgeoning Sino-Saudi Ties

Refining & Petrochemicals

• Saudi Aramco, TotalEnergies Take FID On $11bn Petchems Project
• Saudi Arabia’s Luberef Valued At $4.46bn For IPO

Power & Water

• Kuwait’s Need For LNG Slumps As New Al-Zour Refinery Ramps Up Fuel Oil Output

Economics & Finance

• Oman LNG Export Revenues Set To Smash Annual Record

News In Brief

• China Refinery Runs Leap, Demand To Follow?
• Egypt Gas & Oil Output: Set For Gains In 2023?

Selected Data

• US Shale Oil Output Set For New Records