Issue 18

Oil & Gas

• Aphrodite On The Rocks? Cyprus’ First Gas Find Faces Uncertain Future
• Chevron: Egypt Wells

Corporate

• Chevron ‘Excited By Opportunities’ In Israel & Broader East Med
• Petrofac Shares Crash, Trading Suspended, Creditors Set To Take Control

OPEC

• Oil Sector Leaders Strike Confident Stance In Riyadh
• India Q1 Oil Data: Russia & Gulf Suppliers Gain As Imports And Demand Surge For Q1
• US Output Rebounds, NGL Records
• Japan Crude Imports: UAE Pulls Ahead Of Saudi For Q1

Geopolitical Risk

• Sudan War: UAE Role In Spotlight As Battle For Key City Looms
• Key Kurdistan Gas Field Resumes Output After Deadly Attack

Refining & Petrochemicals

• Two More Hydrogen Projects Awarded In Oman’s South

Power & Water

• Kuwait Eyes Electricity Imports To Avoid Summer Blackouts
• Kuwait Aims To Award Solar Project By Year End
• Qatar’s Aims For 4GW Of Renewables By 2030 In New Strategy
• Egypt 2023 Power Generation Records Not Enough To Halt Blackouts

Economics & Finance

• IMF Sets Out Egypt SCORECARD: Much Done, Much Still To Do
• Bahrain Plans 2GW Wind Capacity

News In Brief

• Qatar-China $6bn LNG Ships Deal
• Iraq Awards Gasoline Import Tender
• Iraq Approves Mansuriya Gas Award
• ‘Egypt Green’ Hydrogen: Q2 Fid
• Morocco Launches Wind Tender
• Iraq: 900mw Diesel Powergen Award
• EU: €1bn For Lebanon
• Iraq: Block 9 Oil Boost

Selected Data

• Crude OSPs ($/B): Oman Just Shy Of $90/B For June
• Benchmark Crude Prices ($/B)
• US Sales Gas* Output Has Fallen From Records Hit In Late-2023 (Bn Cfd)