Issue 41

Oil & Gas

• Kuwait & Saudi Target Dorra Gas Start-Up By 2029
• Shell Discovery Offers Hope As Egypt Gas Output Slide Continues

Corporate

• Qatar Signs Major Deal To Supply France With LNG

OPEC

• Oil Markets Confident Israel Conflict Won’t Impact Global Supply
• Opec Doubles Down On Bullish Long Term Oil Outlook

Geopolitical Risk

• Middle East Faces Up To Fallout From Israel-Gaza Violence
• Israel Halts Tamar & EMG Flows As Fight With Hamas Continues

Refining & Petrochemicals

• Gulf Refiners Lead Global Downstream Boom With 1.3mn b/d In Near-Term Projects
• Qatar Ties Up $4.4bn In Petchems Financing

Power & Water

• Maersk Steps Up ‘Green’ Bunkering Ambitions With Egypt Wind & SC Zone Deals

Economics & Finance

• Hopes For Libyan Unity Fade In Wake Of Flooding Disaster
• Libya’s 2023 Crude Export Revenues Set To Top $30bn

News In Brief

• Aramco Eyes Further Chinese Downstream Expansion
• China Crude Imports Dip
• Oman: Largest Ever IPO
• ADES Starts Trading On Saudi Bourse
• EBRD Backs Egypt Grid Upgrade
• Morocco Buys €200mn Of World Bank Sustainable Bonds
• EU Backs Algeria Renewables

Selected Data

• Crude Official Selling Prices ($/B): Iraq Undercuts Saudi Crude Prices In Europe
• Benchmark Crude Prices ($/B)
• Exxon Doubles Up On Permian In $60bn Pioneer Purchase