Issue 21

Oil & Gas

• Iraq Bidding: Shell & Adnoc Locked Out By Inflexible Criteria
• Algeria: Maire & Baker Hughes Snag $2.3bn Hassi R’Mel Gas ‘Boosting’ Award
• Energean Sees Egypt Output Rise But Israel’s Karish Down Again
• Israeli Producers Eye More Egypt Sales: Will Export Rules Be Eased?
• Israel’s Leviathan: Local Sales Deal
• Egypt West Med Hopes Hang On Upcoming Major Wells

Corporate

• Adnoc Enters International LNG Market With US, Mozambique Deals
• Adnoc Raises $930mn In New Share Placement Of Drilling Subsidiary

OPEC

• China Crude Imports: Russia Top Again
• China: Record Gas Imports

Geopolitical Risk

• Iran Mourns Raisi & Abdollahian As Succession Speculation Mounts

Refining & Petrochemicals

• Sudan’s Top Refinery ‘Completely Destroyed’ By Army Airstrikes

Power & Water

• Saudi Oil Burn Drops As Renewables Progress With Record Wind Award
• Tunisia’s Renewables Ambitions Pick Up Pace As 500MW+ Solar Advances
• Tunisia Oil: Eni & OMV Plan Output Boost

Economics & Finance

• Tunisia Gas Import Bill Soars As Output Slump Continues

News In Brief

• Opec+ June Meeting To Be Held Remotely
• Iraq Approves Gas Purchase Deal With Kurdistan’s Khor Mor
• Iraq: China’s Jereh Inks Mansuriya Contract
• Kuwait Signs 500mw Gccia Power Import Contract
• Algeria Gas Exports Down With Power Use Record

Selected Data

• Saudi Arabia 1Q24 Key Oil Data: Oil Burn Edges Lower Year-On-Year
• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Asian LNG Prices Remain At Around $10/Mn Btu