Issue 48

Oil & Gas

• Libya Taps Eni & Adnoc For $4-5bn Gas Project
• Libya Exploration Picks Up Steam As NOC Reiterates Ambitions
• Egypt Looks To Kickstart WestMed Exploration With Seismic Surge

Corporate

• Adnoc-Covestro Talks Set To Enter Next Phase In 2024
• Dubai Emphasizes Solar Gains As Cop Commences

OPEC

• Saudi Arabia Secures Helping Hand In ‘Voluntary’ Cuts

Geopolitical Risk

• Yemen’s Breakthrough Truce Threatened By Houthi Military Attacks

Power & Water

• Boost For Xlinks Morocco-UK HVDC Project As TotalEnergies Signs Up
• EU Backs North Africa-Europe Hydrogen

Refining & Petrochemicals

• Iran’s Gasoline Requirements To Stymie Planned Aromatics Expansion

Economics & Finance

• Qatar’s European Exports Normalize After Exceptional 2022
• Saudi Oil Export Revenues On Course For 25% Annual Drop

News In Brief

• India Crude Imports: Iraq Rebound As Russia Remains Dominant
• Algeria-Turkey LNG Deal
• Kuwait Mulls Power Ships For Summer 2025
• Brazil Signs Up To Opec+ Alliance From 1 January
• Egypt Refiner Plans Expansion

Selected Data

• Libya Petchem Restarts
• Benchmark Crude Prices ($/B)
• Algeria LNG Exports Are On Track* For A 13-Year High For 2023 With Volumes To Top Market Turkey Level With 2019 And 2021’s Previous Record Highs (Mn Tons)