Issue 32

Oil & Gas

• Saudi Aramco Gas Output Leaps In Q2
• Algeria Struggles To Hike Gas Exports As October Targeted For Touat Restart
• Aramco Eyes Overseas Upstream
• Egypt Oil Output Gains Pick Up Pace But Gas Woes Continue
• Egypt Gas Output Slumps To 3-Year Low For Q2

Corporate

• Aramco Hikes Dividend By More Than 50%

OPEC

• Global Oil Markets Tighten Amid Saudi Cuts, Higher Demand

Geopolitical Risk

• Adnoc’s International Upstream Drive Gets Liftoff
• Baghdad-Erbil Political Stasis Leaves KRG Oil Sector On Life Support

Refining & Petrochemicals

• Iraq Fuel Oil Exports Would Fall Sharply Under Iran Barter Deal
• Adnoc Gas $3.6bn Ethane Development Award
• Egypt’s Midor Refinery: New CDU Starts Up

Power & Water

• Egypt Green Hydrogen: Slow Progress
• Algeria Solar: 2GW Bids Opened, 1GW To Come, 3GW More Planned

Economics & Finance

• Saudi Back On Track For Bumper Surplus With $10bn Q3 Aramco Dividend Boost

News In Brief

• Gas Boost At Iraq’s Halfaya
• Baker Hughes Eyes 2h24 Completion At Iraq’s Nasiriya Gas Plant
• Oxy Hits Payday In Oman
• Egypt’s Ain Sukhna: Floating Storage Buildup Remains
• Enlight Advances Israel Renewables
• Masdar Taps Ebrd For 200mw Egypt Wind
• Chinese Crude Imports Ease
• Saudi Rig Count Hits 3-Year High

Selected Data

• Crude Official Selling Prices ($/B): Saudi Raises Prices Of Most Grades To Asia For August
• Benchmark Crude Prices ($/B)
• Suez Canal: Revenues Leap 36% To $9.5bn For 2023