Issue 07

Oil & Gas

• Libya: Waha Output Hits 11-Year High As Company Faces Corruption Controversy
• Iraq Oil Export Revenues Hold Firm For 2024
• BP CEO ‘Very Excited’ On Kirkuk Deal
• China’s UEG Doubles Egypt Output With $150mn Apex Purchase
• Egypt: BP Plans Fast-Track El King Development
• Egypt: Russia’s Lukoil Takes Gulf Of Suez Block
• Cheiron Taps Funds For 100mn cfd Egypt Development
• Egypt Taps Shell & Total For 60 LNG Cargoes For 2025

Corporate

• Oil Majors Strategy: More Oil & Gas But Less Spending (Except Exxon)

OPEC

• Trump-Putin Call Adds To Downward Oil Price Pressure

Geopolitical Risk

• Sudan Eyes New ‘Wartime’ Government As Army Nears Khartoum Recapture
• Baghdad Scrambles To Keep US Sanctions Waivers On Iran Electricity Imports

Refining & Petrochemicals

• Oman’s Duqm Refinery Sees Feedstock Flexibility As The Route To Riches

Power & Water

• Kuwait’s Power Generation Unable To Keep Up With Demand

Economics & Finance

• Dubai Solar Capacity Tops 3GW As Power Demand Hits New Record

News In Brief

• Adnoc Refining Gets Low Carbon Aviation Fuel Boost
• Neom Plans $5bn Net-Zero Data Center
• Qatar: 2.4GW New Power Capacity By 2029
• Oman To Boost UAE Power Grid Link
• IEA: New Era Of Slower, Fragmented Demand Growth?
• Adnoc Drilling: Record Revenues, Profits For 2024

Selected Data

• Crude Official Selling Prices ($/B): Middle East Producers Follow Aramco In Hiking Prices
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• Abu Dhabi Rig Count Hits New Record High