Issue 04

Oil & Gas

• Adnoc Hikes Output Capacity As Gulf Dominates Global Spare Capacity
• Oman Achieves Record Oil Output For 2022

Corporate

• Cyprus Gas Ambitions: From Dreams To Reality In 2023?
• Iraqi Kurdistan: New Sarsang Facility Boost Offset By Legacy Drop
• Oil Services Firms See Mideast Driving Growth, For 2023 And Beyond

OPEC

• Imminent Russian Embargo Set To Boost Middle East-Europe Oil Flows
• China 2022 Crude Imports: Saudi Holds Off Russia, But Only Just

Geopolitical Risk

• Iraq’s Trembling Currency Poses Fresh Budgeting Challenge
• Kuwaiti Government Resigns. Again

Refining & Petrochemicals

• Iraq Reverts To ‘Investment Refinery’ Model As Oil Products Import Bill Nears $5bn

Power & Water

• Power Generation Set To Drive Middle East Oil Use Gains

Economics & Finance

• OQ Plans IPO Of Drilling Subsidiary

News In Brief

• Opec+ JMMC: No Change Expected
• Saudi Oil Export Revenues: $300bn And Rising
• Subba Back To Production
• Oman: Block 60 Oil Field Inauguration
• QatarEnergy Joins TotalEnergies, Eni Offshore Lebanon
• Libya’s Waha: Hess Confirms Total, Conoco Each Paid $75mn For Stakes...

Selected Data

• US Crude Exports Hit Record 4mn B/D As Total Liquids Top 9mn B/D