Issue 44

Oil & Gas

• Libya Exploration Reboot As Eni/BP & OMV Kick Off Drilling
• Egypt’s Zohr: Eni To Restart Drilling On Improved Payments Amid Falling Output
• Cairo Frustrated As Nargis Faces Further Delay
• Qatar Crude Output Tops 600,000 b/d For First Time Since 2018

Corporate

• Total And QatarEnergy Finalize Iraq Solar Stakes
• Middle East Gasoline Traders Feel Pinch Of Falling Margins
• Montfort Fuel Trading Division Hits The Buffers

OPEC

• LNG Markets: Strong But Steady Growth With New Supply Set To Cap Prices

Geopolitical Risk

• Tehran Takes Wary View Of US Presidential Elections

Refining & Petrochemicals

• Iraqi Fuel Oil Export Surge Raises Smuggling Concerns
• Saudi Halts Bab al-Mandeb Fuel Oil Transfers

Power & Water

• Morocco Ramps Up Green Power, Hydrogen & Battery Ambitions
• Qatar Solar Hits 3% Of 2023 Powergen, Targets 18% By 2030

Economics & Finance

• Saudi Energy Minister: We Will Make Money From The Energy Transition

News In Brief

• Iraq Inks Bid Round Contracts…
• …And Mansuriya Gas Development
• Kuwait: New Oil Minister
• Kuwait-Korea Oil Storage
• Israel’s Karish: Oil Train Installation Begins
• Cyprus LNG Import Plans Edge Forward

Selected Data

• Key Gulf Crude OSPs ($/B)
• China LNG Imports Up 12% For 9m 2024 But Still Below 2021’s Record Levels
• Japan 9M24 LNG Imports: Oman Overtakes Qatar As Top Mideast Supplier
• Korea 9m24 LNG Imports: Top Supplier Australia Pulls Away From Second Placed Qatar
• Benchmark Crude Prices ($/B)
• US Oil Output Hits New Record 20.43mn b/d For August As NGLs Output Tops 7mn b/d

Op-Ed & Documents

• Changing Winds: Redefining The UAE’s Sustainable Energy Future