Issue 10

Oil & Gas

• Kuwait Targets 3.1mn B/D End-2023 Capacity
• Lukoil Gets Green-Light To Develop Iraq’s 250,000 b/d Eridu
• Baghdad’s New Contract Model: Can It Reverse IOC Exodus?
• Geo-Jade To Spend $60mn At Huwaiza
• Iraq Appoints New Director At State Marketer Somo
• Chariot Advances Morocco Gas Development Plan

Corporate

• IFAD Upper Zakum Contract Set For Q3 Launch
• ARA PetroleumTargets 30,000 boe/d Oman Output

OPEC

• Opec Steady Production Mirrors Market Stability
• Russian Diesel Begins To Flood Into Saudi Arabia

Geopolitical Risk

• Iraqi Kurdistan Unilaterally Imposes New Payment Formula On IOCs

Refining & Petrochemicals

• Saudi Advances Upgrades Of Jubail Petchems Hub
• Al Zour Ramp Up

Power & Water

• Egypt Wind Picks Up As Another 500MW Project Reaches Financial Close

Economics & Finance

• Iraq Looks To New Karbala Refinery To Cut Record Fuel Import Bill

News In Brief

• Somo Tenders More Kirkuk
• Saudi Hikes Heavy Price
• Israel Adds More Golan Wind
• Morocco CSP: Back Online
• Brazil Output Record
• Iran: South Pars Ph-14 Online
• Oman’s Abraj: $498mn Valuation

Selected Data

• Crude Official Selling Prices ($/B)
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• Suez Canal: New Revenue Record