Issue 49

Oil & Gas

• Iran Plans Major Gas Storage Expansion To Face Winter Shortages
• Iraq’s Rasep To Capture 300mn cfd Of Gas From Nahr Bin Umar
• Oman’s OQ In $1.4bn Farm Down As Indonesia’s Medco Expands

Corporate

• Israel’s Tamar Eyes Surge In Egypt Gas Sales
• Cyprus’ Aphrodite: More Talks, More Delays

OPEC

• Opec+ Confident New Cuts Will Drive Q1 Inventory Declines
• Opec Output Steady Ahead Of 2024 Cuts

Geopolitical Risk

• Libya’s NOC ‘Bypasses’ Oil Ministry As Battle For Oil Control Intensifies
• Energean Takes Over At Key Morocco Offshore Project

Refining & Petrochemicals

• Jordan Looks To Climb On The Green Hydrogen Bandwagon

Power & Water

• Oman Banks On Power Sector Leading Emission Reductions To 2030
• Egypt-Europe Power Plans Spark Into Life
• Egypt: Record Summer Power Demand Despite Gas Shortages

Economics & Finance

• Saudi Arabia Budgets For $21bn Deficit In 2024

News In Brief

• Scatec COPs Funding For Egypt Solar-Storage
• Qatarenergy Takes Over LNG Marketing
• Adnoc Prices Upper Zakum At Rare Premium To Murban
• Sudan Peace Talks Suspended Indefinitely
• UAE Commences CO2 Mineralization Project At Fujairah
• Green Hydrogen: Mauritania Aims For The Moon
• Egypt To Raise $104mn From United Bank IPO

Selected Data

• Crude Official Selling Prices ($/B): Gulf Producers Cut January Prices Amid Weak Demand Expectations
• Benchmark Crude Prices ($/B)
• Russia Exports To China Dip, Turkey At 12-Month High