Issue 26

Oil & Gas

• Petronas Looks To Exit Iraq’s Gharaf With Pertamina Sale
• Lukoil Eyes Iraq Expansion
• Iraq’s WQ-1 Targets 600,000 b/d End-23 Capacity
• Iraq Suspends Export Expansion Project
• Cyprus & Israel Close In On Deals To Kickstart Aphrodite Development

Corporate

• Eni Looks To Neptune For Algeria Boost; Can It Get Past Mercury?
• Egypt Receivables Soar Threatening Oil Output Rebound

OPEC

• Ain Sukhna Crude Oil Bottlenecks Begin To Ease

Geopolitical Risk

• Eni, Cyprus Talk Recent Gas Finds, EastMed Pipeline

Refining & Petrochemicals

• Aramco, TotalEnergies Award EPC Contracts For $11bn Amiral Project

Power & Water

• Iraq Resorts To Stopgap Measures As Summer Power Demand Kicks-In
• Dubai MBR Solar Plant Phase 5 Complete

Economics & Finance

• IMF Urges UAE To Invest In Green Transition

News In Brief

• KRG Pipeline Closure: Three Months And Counting
• Saipem: Saudi Offshore Award
• India: New Russia Record
• Mauritania: Shell Q4 Wildcat
• Lebanon Extends Bidding, Again
• Iraqi Officials Clash Over Karbala Refinery Outage
• Iraq’s Basrah Gas: Slow Startup At New Unit
• Oman: IMF Revises Down 2023 Growth

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Japan Crude Imports: Record Mideast Market Share