Issue 43

Oil & Gas

• Gulf NOCs Target Cuts To Upstream Emission Intensity

Corporate

• Saudi Solar Prices Drop To Three-Year Low

OPEC

• Saudi Oil Export Revenues Drop To Lowest Since June 2021

Geopolitical Risk

• Aramco Embeds New Jazan Supply Route Amid Entrenched Red Sea Impasse

Refining & Petrochemicals

• Iraq LPG Export Record As Shell’s BGC Plans Fully Refrigerated Exports From 2027-28

Power & Water

• Morocco Renewables Capacity Hits 4.6GW With 270MW Wind Start-Up

Economics & Finance

• IMF Chief To Visit As Egypt Threatens To Stall On Reforms
• Bahrain ‘Fiscal Balance Program’ Slips With 2024 On Track For 16th Straight Deficit

News In Brief

• Iran’s Jask Terminal Exports First Cargo
• Adnoc Starts Clock On Covestro Purchase
• ‘Father Of Kurdistan Oil’ Passes Away
• KDP Leads Iraqi Kurdistan Elections
• Iraq: Karbala Refinery Restart
• Egypt: Solar Start-Up…
• …As Renewables Target Cut
• Tunisia: 200mw Solar Plan
• Libya’s Central Bank: New Board

Selected Data

• Key Gulf Crude OSPs ($/B)
• Woodside Expands Offshore Egypt
• Benchmark Crude Prices ($/B)
• China Crude Imports: Russia Dominates, Iran Surge