Issue 35

Oil & Gas

• Kuwait Steps Up Offshore Exploration With Arrival Of Second Drilling Rig
• Libya Eyes 10,000 B/D 1H24 Output At North Hamada
• Oman LNG Close To Sold Out With New OQ & Shell Sales Deals

Corporate

• Saudi Arabia’s ADES Drilling Firm To List On Tadawul

OPEC

• Iraq’s Ageing Basra Infrastructure: Can It Take The Strain?

Geopolitical Risk

• North Africa Imports Record Volumes Of Cut-Price Russian Distillates

Refining & Petrochemicals

• Lebanon Hooked On Diesel Imports Amid Financial Crisis

Power & Water

• Kuwait Electricity Demand Hits New Record As Capacity Concerns Grow

Economics & Finance

• Israel Renewables Ramp Up As IEC Profits From Cut-Price Gas

News In Brief

• Egypt 200mw Solar: Financing Complete
• Iraq’s New Gharaf Power Plant Malfunctions
• Iraq Awards Bin Umar Gas Contract To Local Firm
• Iraq To Import More Gasoline Amid Karbala Uncertainty
• KOC Extends SLB Jurassic Deal
• SDX: Egypt Upstream To Morocco Renewables
• Neutral Zone’s Khafji Exports Halted
• Benchmark Crude Prices ($/B)

Selected Data

• US Liquids Output Hits New Record 19.37mn B/D For June. NGLs Output Is More Than 1.3mn B/D Up On Previous Late 2019/Early 2020 Highs But Crude Is Still 160,000 B/D Short Of Nov 2019’s 13mn B/D Record (Mn B/D)