Issue 39

Oil & Gas

• Oman’s OQEP Eyes New Gas Discovery In Upstream Reshuffle
• Eni & BP Set To Kick Off Libya Exploration Drilling Campaign
• Iran Prepares For Second South Pars Phase-11 Platform
• Israel’s Leviathan: New Domestic Gas Sales Deal

Corporate

• Masdar Pays $1.4bn For Iberia-Focused Renewables Firm

OPEC

• Opec Revises Its Long Term Oil Demand Outlook Higher

Geopolitical Risk

• Iraq’s Hoped-For Kurdistan Output Cuts Fail To Materialize

Refining & Petrochemicals

• Aramco Sidesteps Houthis With Jazan Refinery Feedstock Switch
• Kuwait Hopes To Revive Stalled Petchems On Back Of Refinery Upgrade

Power & Water

• Saudi Arabia Launches Sixth Renewables Licensing Round

Economics & Finance

• Egypt Moves To Revive Stalled Privatization Program With $3.6bn 2024-25 Target

News In Brief

• Oil Prices Fall On FT Saudi Report
• Iran President: Tehran Ready To Engage With West
• OQEP Hits The Road For Record IPO
• Libyan Rivals Reach Deal To Resolve CBL Crisis
• Sudan To Resume Dar Blend Exports From South Sudan
• Malaysia’s Petronas Awarded New Abu Dhabi Acreage

Selected Data

• Benchmark Crude Prices ($/B)
• Egypt’s Suez Canal: Q2’s Revenue And Overall Tonnage Were Both The Lowest In Well Over A Decade