Issue 34

Oil & Gas

• Egypt Gas Slump Continues With IOCs & Cairo In Payments Standoff

Corporate

• Fujairah’s Fort Energy Refinery Receives Nile Crude
• Morocco Well Spuds

OPEC

• Iraq Submits Yet Another Opec+ Compensation Plan
• India LNG Imports Soar 30% For 1h 2024
• Asian July LNG Imports: Firm But Not Spectacular

Geopolitical Risk

• Israel’s NewMed Eyes Leviathan-Saudi Gas Sales

Refining & Petrochemicals

• Kuwait Refineries: Record Output, Record Exports

Power & Water

• Kuwait Suffers New Wave Of Power Cuts On Gas Plant Outage
• Saudi Oil Burn Creeps Down For H1 Despite June Surge
• Egypt Blackouts End On Record Gas & Fuel Oil Imports, Renewables Output
• Jordan Signs Deal For New Onshore LNG Import Terminal

Economics & Finance

• Oman Pays Down $2.3bn In Debt For 1H 2024
• Saudi Buys Nine VLCCs
• Oman LNG Exports Reach New Record

News In Brief

• Iran’s New Oil Minister
• KRG Gas Expansion: Dana Sacks Contractor
• Oman: Sohar Refinery Back Online
• Algeria’s Hassi Messaoud Refinery: Progress At Last?
• Algeria Gas Compression Award
• Saudi Cogen: Financial Close

Selected Data

• Crude Official Selling Prices ($/B): Iran Hikes Key Iranian Light Price To Asia
• Saudi Arabia 1H24 Key Oil Data (‘000 B/D): Crude Oil Exports Down 15% Over 1h 2024
• India LNG Imports On Track For Record 2024 With 1h Volumes Up 30%
• China Crude Imports: Russia Down, Saudi Down, Iran Up