Issue 25

Oil & Gas

• Iraq Looks To Transform Export Options With $5bn South-North Pipeline Reboot
• Egypt-Eni Relations Frayed As Cairo Prepares Offshore Bid Round

Corporate

• Carlyle Enters Egypt With Energean Asset Purchase
• Mining Firm Takes Over At Morocco Gas Project
• Saudi Plans Wind Turbine & Solar PV Plants With China Tie-Ups

OPEC

• IEA Sees NGLs Supply Growth Feeding Strong Global Petchems Demand
• China: Gas And Oil Output Records Ease Demand For More Imports

Geopolitical Risk

• Chevron Inches Towards Shale-Focused Algeria Entry

Refining & Petrochemicals

• Lower Prices Eat Into Qatari Petchems Profits

Power & Water

• Powering The UAE’s Northern Emirates
• Saudi Master Gas System Expansion Takes Shape

Economics & Finance

• Egypt Tenders For Bumper LNG Imports As Gas Demand Soars

News In Brief

• Kuwait Power Crisis
• Dubai Power: Solar Up, Coal Up
• Eastern Libya: Haftar Family Tightens Grip
• Libya-Italy Gas Flows Resume
• Aramco Awards Pipeline Contracts
• Houthis Sink Second Ship
• Oman: Solar Panel Plant
• UEG: New Discovery In Iraq’s Block 9
• US Rig Count Slumps To 586 For W/E 14 June, Lowest Since Jan 2022*

Selected Data

• Benchmark Crude Prices ($/B)
• China Crude Imports (mn b/d): Saudi Closes Gap On Russia For May Amid More Near-Record Malaysia/Iran Volumes