Issue 02

Oil & Gas

• Israel Output & Exports Set For Further Gains In 2024 Despite Ongoing War
• Algeria Gas Exports Up 3bcm At 52.4bcm For 2023

Corporate

• Kufpec Eyes Portfolio Optimization After Exiting Norway & China
• CCED Oman Signs Up For Two Exploration Blocks

OPEC

• Opec Output Down In 2023 As Q1 Cuts Loom
• Russia Ships Record Crude To India & China

Geopolitical Risk

• Libyan Protesters Threaten Mellitah Shutdown As Sharara Outage Continues
• Global Economy To Slow Again For 2024-World Bank

Power & Water

• Saudi Arabia Plans 7.2GW New Gas-Fired Power Plants
• Oman Solar Pushes Forward

Refining & Petrochemicals

• Middle East Tensions Rise On Yemen Strikes, Iranian Tanker Seizure

Economics & Finance

• Iraq’s Oil Revenues Down 15% From 2022’s Record
• Qatar Aims For Fourth Annual Surplus In A Row In 2024
• Egypt Power Price Hikes Lag Inflation
• Egypt’s Key Revenue Earners Threatened By Regional Instability

News In Brief

• China: Crude, Gas Import Records
• Egypt Eyes 10GW Solar Project
• Egypt Aswan Hydro Boost
• IMF Approves $1.2bn For Jordan
• Kuwait Gas Boost
• Iraq: Bin Umar Gas Contract
• China’s UEG: 100kbd Iraq Boost

Selected Data

• Crude Official Selling Prices ($/B): Saudi Slashes Asia Prices For February By $2/B
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• Mideast Drilling: 2023 Gains As Gulf NOCs Step Up Activity