Issue 16

Oil & Gas

• Libya Eyes Improved Waha Terms For Conoco & Total After Aoun Ouster
• UN Libya Envoy Quits, Slams Squabbling Politicians
• TotalEnergies Cuts Stake In Abu Dhabi Unconventional Project
• Azerbaijan’s Absheron Gives Adnoc First Overseas Output
• Egypt Gas Deficit Deepens With First LNG Imports In Six Years

Corporate

• NewMed Focus On ‘Bread & Butter’ Leviathan After Adnoc/BP Deal Falls Through
• Oman: Tethys Eyes Challenging Block 58 Prospects

OPEC

• Korea Crude Imports: UAE Volumes Surge For Q1

Geopolitical Risk

• Iran-Israel Strikes & Counter-Strikes: Mideast Security Enters New Era
• Iraq And US Seek To Rebuild Ties Amidst Rising Regional Tensions

Refining & Petrochemicals

• China: Record Gas Output, Oil At 9-Year High
• Asian LNG Imports Up On Lower Prices; More Gains To Come?

Power & Water

• Masdar To Decarbonize Multi-GW UAE Aluminum Sector
• Abu Dhabi Tenders For 1.5GW Solar

Economics & Finance

• Saudi Starts 2024 With Strong Oil Demand Growth

News In Brief

• Kuwait: New Pm Appointed
• Algeria’s Touat: Claim And Counter-Claim
• Iraq: Oil Bids To Be Opened 27 April
• Libya Sirte Gas Find
• Tethys Eyes Algeria Entry

Selected Data

• Korea 1Q24 LNG Imports: Down 9% Y-O-Y For Lowest Q1 Since 2020
• Taiwan 1Q24 LNG Imports: Volumes Steady, Qatar Closes On Top Supplier Australia
• Crude Official Selling Prices ($/B): Kuwait Hikes Key Keb Price By Less Than Saudi For May
• Benchmark Crude Prices ($/B)
• US Output Dips From Late-2023 Records For Q1