Issue 08

Oil & Gas

• Cyprus Eyes Gas Riches: Cronos And Aphrodite Plans Advance, Destination Egypt
• Cairo Aims To Arrest Gas Output Decline But 2025 Gains Look Unlikely
• Iraqi Optimism On KRG Pipeline Restart Warrants Caution
• Egypt’s Output Collapse: Gas Down 16% To Below 5bn Cfd For 2024, Oil At 45-Year Low
• Chevron Eyes Long Term Gains From Saudi-Kuwait Neutral Zone

Corporate

• Adnoc’s XRG Progresses Towards Turkmenistan Gas-Development Deal

OPEC

• Saudi Arabia 2024 Key Oil Stats (‘000 B/D): Crude Exports Fall 10% To 14-Year Low

Geopolitical Risk

• Restarting Yemen’s Oil And Gas Exports: Logistically Difficult, Politically Impossible?

Refining & Petrochemicals

• Saudi Arabia’s Refineries Take A Record Share Of Crude Output

Power & Water

• Saudi Arabia Awards PPA For 3GW Gas-Fired Power Plant
• Saudi Arabia’s Acwa Power Expands GCC Presence
• Acwa Signs Up For 2gw More Egypt Wind
• Egypt Gas Demand Edges Up As Record Israel Supplies Make Up For Output Slump

Economics & Finance

• Saudi Arabia’s Deficit Pushes Past $30bn For 2024

News In Brief

• Algeria: Alrar Restart
• Adnoc Gas Raises $2.84bn Through Secondary Offering
• Dubai Tees Up Mbr Solar Phase 7
• Arabian Drilling & Shelf Team Up
• Fujairah To Receive Rare Cargo Of Cameroon’s Lokele Crude
• Sudan To Merge State Downstream Firms
• Sudan: RSF Eyes ‘Government’
• Oman-Mercuria 10-Year LNG Deal

Selected Data

• Crude Official Selling Prices ($/B): Iran Matches Saudi Price Hikes For March
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• Algeria: Record Oil Demand Hits Exports & Revenue