Issue 09

Oil & Gas

• Repsol ‘Optimistic’ As Libya’s Sharara Output Hits Five-Year High
• Abu Dhabi Unconventional Gas Boost
• Israel’s Leviathan: Chevron Advances Plans To Near-Double Capacity To 23 Bcm/y

Corporate

• BP Lands Kirkuk Terms: Now For The Contract?
• BP Strategy ‘Reset’: Black Is The New Green
• Oxy: UAE Gas Boosts ‘International’ Prospects

OPEC

• Opec+ Output Decision: Will Geopolitical Uncertainty Trump Market Fundamentals?

Geopolitical Risk

• Baghdad Fears US Sanctions As Kurdish Oil Export Resumption Drags

Refining & Petrochemicals

• Tortue LNG Expansion Regains Momentum As First Cargo Nears
• Gulf NOCs Fund Tanker Fleet Expansions After Bumper Year In 2024

Power & Water

• Saudi Renewables Capacity Set To Double To 12.7GW In 2025
• UAE’s Amea Inks 1.5GWh Egypt BESS Deal

Economics & Finance

• India Crude Imports: Russia Cements Dominant Role For 2024

News In Brief

• Iraq: New Somo Chief
• Bahrain Taps EOG For Gas Drilling
• Sipchem, Lyondellbasell Advance ‘World-Scale’ Saudi Cracker
• Oman Shipping IPO To Raise $333mn
• Morocco CSP: Still Out
• Shell Hikes Long-Term LNG Forecast

Selected Data

• Benchmark Crude Prices ($/B)
• Egypt Worker Remittances Surge After March 2024 Currency Float