Issue 40

Oil & Gas

• Adnoc Accelerates Unconventionals Program
• Libya Restarts Output From Key Fields As NOC Ends Force Majeure

Corporate

• Adnoc-Covestro Takeover Bid Gets Liftoff With $13bn Investment Agreement
• Masdar Closes 50% Terra-Gen Acquisition

OPEC

• Compliance In Spotlight At Opec JMMC Meeting

Geopolitical Risk

• Tunisia’s Presidential Election: Strongman Saied Set For Re-election
• Israel And Iran Escalations Threaten Regional War

Refining & Petrochemicals

• Egypt Oil Products Import Bill Soars As Aged Refineries Shunned

Power & Water

• Algeria Gas Exports Slump In Q3 On Record Power Demand

Economics & Finance

• Saudi Arabia Revises Down Mid-Term Revenue Expectations

News In Brief

• Abu Dhabi Adds 1.5gw Zarraf To Solar Pipeline
• Masdar Clean Powergen Up 50% In 2023
• Aramco Completes $3bn Sukuk
• Oman To Offer New Blocks
• Sharjah: New Gas Field Slated For Mid-2025 Start Up

Selected Data

• Crude Official Selling Prices ($/B): Murban Drops To Lowest Level Since November 2021
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• Global LNG Exports: Us Again Top For Q3 But Volumes Well Down On Late-2023 Records