Issue 34

Oil & Gas

• Israel’s Leviathan: Output Capped By Export Capacity Constraints
• BP/Adnoc Newmed Deal: Slow Progress But ‘No Show-Stopper’

Corporate

• Cyprus Rejects Chevron’s Modified Aphrodite Development Plan
• UAE Demonstrates Energy Politics During Ethiopia Visit

OPEC

• China Crude Imports: Mixed Signals Continue With July Slump And August Rebound

Geopolitical Risk

• Hopes For Ceyhan Resumption Dwindle As Iraq-Turkey Talks Disappoint

Refining & Petrochemicals

• Qatar Eyes Algeria Petchems, And Upstream?
• Fujairah HSFO Market Full

Power & Water

• Oil Burn Rises As Iraq Plans More Oil-Fired Plants

Economics & Finance

• Saudi Oil Export Revenues Down 25% For 1H 2023
• Oman-Europe Crude Trade At 10-Year High

News In Brief

• Tecnicas Reunidas Awarded Qatar LNG EPC Work
• Jordan-Iraq Power Flows Imminent?
• Iraq Signs Fifth Tranche Of Basrah Refinery Loan
• Iraq’s Gharaf Oilfield Taps Gas For Power
• Basrah Ngl Train Commissioning
• Morocco: New Record Peak Load
• Egypt: Gulf Of Suez Boost

Selected Data

• Benchmark Crude Prices ($/B)
• US Oil Output^ Flatlines 250,000 B/D+ Shy Of 2019 Record With Rig Count Down 100 Since The Start Of 2023