Issue 12

Oil & Gas

• Egypt Eyes Major Drilling Success From Pack Of Upcoming Mediterranean Wildcats
• Leviathan Set For Expansion FID As Reserves Firmed Up
• Edison Talks Up Israel-Europe Gas Pipeline
• Algeria: Key Touat Gas Project Still Offline
• Equinor Cools On Algeria

Corporate

• Fujairah Faces Growth Debate As Tanks Fill Up
• Adnoc, Enoc & Aramco To Supply Kenya With Fuel

OPEC

• China Imports Record Russian Crude With Xi In Moscow

Geopolitical Risk

• KRG-Baghdad Rapprochement To Be Tested By Budget Agreement

Refining & Petrochemicals

• Kuwait’s Al Zour Refinery To Flood Market For Low Sulfur Fuel Oil
• Oman Signs 700,000 t/y Green Hydrogen Term Sheets

Power & Water

• Egypt Power Consumption Hits Record 167TWh For 2022
• Infinity Completes Lekela Purchase, Plans Africa Expansion
• Abu Dhabi’s Ewec Calls For Another 3GW Of Solar Capacity

Economics & Finance

• Iraq Drafts Blowout Budget: More Energy Capex, But More Wages Too

News In Brief

• Total Awaits ‘Political Answer’ On Iraq Megadeal
• World Bank: $7bn Egypt Facility
• Iran 210,000 B/D Refining Boost

Selected Data

• OSPs: Iran Follows Saudi Prices
• Benchmark Crude Prices ($/B)
• US Shale Oil Output Edges Higher But Still Shy Of Late-2019 Record