Issue 02

Oil & Gas

• Exxon Goes Big On Eastmed As New Egypt Deepwater Blocks Tie-Up With Cyprus Acreage
• Independent Apex Expands In Egypt’s Western Desert As Eni Pulls Back
• Egypt LNG Exports Hit 12-Year High 7.14mn Tons For 2022
• Record-Breaking Oman LNG Signs New Sales Deals

Corporate

• Chinese Firm Behind Purchase Of OMV’s Yemen Assets

OPEC

• Opec Solidifies Gains In 2022 As Saudi Sets Output Record
• Saudi Crude Exports Rise To Five-Year High In 2022
• Iraq Shoots For Star Performance In Europe For 2023
• Taiwan Crude Imports: Saudi Top, US Overtakes Kuwait, Israel Ships Kurdish Barrels

Geopolitical Risk

• Can Iraq Use Gulf Football Tournament To Score GCC Investment Hike?

Refining & Petrochemicals

• Qatar Takes FID On Huge Petrochemicals Complex

Power & Water

• Winter Demand & Pipeline Outages Threaten Iran’s Gas Market Share In Turkey

Economics & Finance

• Libya Oil Revenues At 9-Year High

News In Brief

• North Kuwait Output Back At 600,000 b/d
• Oman’s Ras Markaz Storage: First Crude Cargo
• Wintershall: Egypt Gas Find
• Algeria-Italy Pipeline Deal
• Kufpec Divests Norway’s Yme
• China Crude Imports Dip For 2022 But Looking Firm For 2023

Selected Data

• Taiwan LNG Imports Buck Regional Demand Trend To Rise 5% For 2022 As Qatar Cements No.2 Spot
• Crude Official Selling Prices ($/B): Iraq Hikes Basrah Medium Europe Price Vs Saudi Arab Heavy For February
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• Gulf Rig Count Rises In 2022 But Still Well-Off Record Highs