Issue 02

Oil & Gas

• Record 2024 Exports For Abu Dhabi’s Murban Underpin Banner Year For IFAD Contract
• Adnoc Supplies Ruwais Refining Complex With First Kuwaiti Crude
• Saudi Crude Exports Drop To 14-Year Low For 2024
• Apache Solidifies Egypt Western Desert Dominance After Securing Higher Gas Price
• Exxon Strikes Gas In Egypt’s West Med But Chevron Well Flops, As Shell Snags Block

Corporate

• Zohr Drilling Set To Proceed Despite Continued Eni-Cairo Tension

OPEC

• Opec Output At Three-Year Low For 2024 Amid Voluntary Cuts

Geopolitical Risk

• Iraqi Kurdistan Oil Output Proves Robust In 2024
• Libya: Protesters Threaten To Shut Key Terminals Over Social Demands
• NOC Starts Up Oil & Gas Field
• Red Sea Shipping In 2024: A Year Of Conflict And Commercial Exodus

Refining & Petrochemicals

• Egypt LNG Imports Hit 7-Year High 2.78mn T For 2024, Eyes Tentative Exports For 2025

Power & Water

• Saudi Renewables Sector Looks To Build On 2024’s Record Growth

Economics & Finance

• Oman Debt Drops As 2024 Sees Third Straight Surplus

News In Brief

• Adnoc Gas Awards $2.1bnContracts For Ruwais LNG
• Adnoc Completes $1bn Shipping Takeover
• BP-Baghdad: Kirkuk Deal Close?
• Ewec: Zarraf Solar RFP
• Egypt Adds 306mw Wind

Op-Ed & Documents

• Calling The Peak On ‘Energy Transition’ Discourse

Selected Data

• Taiwan LNG Imports: Qatar Closes Gap To Top Supplier Australia For 2024
• Crude Official Selling Prices ($/B): Saudi Raises Asia Prices For February
• Benchmark Crude Prices ($/B)
• Key Gulf Producers’ 2024 Rig Counts: Abu Dhabi Records, Saudi Gas Drilling Surge