Issue 30

Oil & Gas

• Iraq’s LR5 Licensing Round Faces Headwinds
• Oman Oil Output Falls For Q2, Despite Record Condensate Production

Corporate

• Saudi Cements Long Term China Oil Supplies With Rongsheng Deal

OPEC

• China Deals Push Qatar LNG Back To Top Spot

Geopolitical Risk

• KRG Begins Baghdad Mandated Crude Supplies

Refining & Petrochemicals

• Al Zour Emerges As Qatar’s VLSFO Supplier Of Choice
• Oman Plans Common Infrastructure For Green Hydrogen Sector

Power & Water

• Question Marks Abound Over Kuwait’s Solar Plans
• Abu Dhabi’s Ewec Plans For 50% Power Demand Increase By 2030
• Egypt Blackouts Led By Heatwave, Gas Shortages

Economics & Finance

• Saudi Monthly Oil Exports Drop Below $20bn, Russia Imports Surge
• Kuwait’s Four Year Government Program Gets Little Support

News In Brief

• Kuwait Downsizes Refining Target
• Iraq Expands Lebanon Oil Swap
• Iraq Increases Jordan Trucked Exports
• NPCC Scoops Another Adnoc Pipeline Deal
• India Imports Record Russian Crude In Q2 Despite June Dip
• Protests Rock Israel As Knesset Passes First Round Of Controversial Judicial Reforms

Selected Data

• Crude Official Selling Prices ($/B): Middle East Producers Hike August Prices
• Benchmark Crude Prices ($/B)
• India Q2 2023 Crude Imports Top Six Suppliers (‘000 B/D): Russia Extends Lead Over Saudi, Iraq