Issue 23

Oil & Gas

• Chevron Looks To Smash Egypt’s Gas Price Ceiling
• Iraq’s Hoped-For Opec Quota Boost Slips Away

Corporate

• Oman’s Duqm Refinery Ramp Up Brings $2bn in Revenues for OQ8
• US Firms Bulk Up On Shale
• Asian LNG Imports Remain Firm As Us Exports Rebound

OPEC

• Opec Extends Production Guidance To 2026 As It Announces Taper Roadmap
• Opec Wellhead Production, May 2024 (Mn B/D, Mees Calculations)

Geopolitical Risk

• Kuwait: Former PM Appointed New Crown Prince
• Egypt PM Reappointed, Record Reserves

Refining & Petrochemicals

• Adnoc L&S Charts New Waters With $1.5bn Tanker Deal

Power & Water

• IEA Backs Mena Renewable Surge After Late Start

Economics & Finance

• Israel Tamar Outage Causes Egypt Gas & Power Chaos

News In Brief

• Taiwan’s CPC: Qatar LNG Stake
• Oman SWF: $2bn State Handout
• Aramco Sets Offering Price
• Saudi Hassana Fund Takes Rabigh Power Plant Stake
• Iraq Approves PPA For Muthanna Gas-Fired Plant
• Iraq Taps UAE’s Amea For Solar & Storage
• US: Record NGLs Output
• Adnoc Global Trading Plans US Office In 2026

Selected Data

• India & Turkey See Imports Of Russian Crude Surge