Issue 10

Oil & Gas

• Oman Taps BP’s Giant Khazzan Gas Field For LNG Boost
• Total Kicks Off Marsa LNG Construction
• Oman Green H2: ‘Fid By 2027’
• Egypt: Apache Eyes Gas Gains As Eni Output Slumps
• Libya Upstream Enters ‘New Era’ With Launch Of Long-Awaited Bid Round
• Bahrain Unconventionals: EOG Eyes First Output In 2026
• Aramco Approaches Finishing Line For Offshore Crude Increments
• Saudi Arabia Eyes ‘Competitive Advantage’ From Gas Output Growth

The Political Scene

• BP Mauritania/Senegal Impairments Hit $4.5bn

Corporate

• Saudi Aramco Maintains Investment Focus Despite Falling Profits

OPEC

• Opec+ Taper To Begin Next Month

Geopolitical Risk

• Speedy Kurdistan Oil Return? Don’t Bank On It

Refining & Petrochemicals

• Adnoc, OMV Agree On Terms To Create $60bn Petrochemicals Giant
• Sinopec-Algeria: $850mn Exploration Deal As Work Starts On Long-Delayed Refinery

Power & Water

• Nuclear, Renewables Drive Abu Dhabi’s Gas-For-Power Demand To Fresh Lows
• Morocco Renewables Powergen Share Hits Record 25% For 2024

Economics & Finance

• Tunisia Oil & Gas: Output Collapse, Record Import Dependence
• Qatar: 500mw Power Boost

News In Brief

• US Designates Houthis Foreign Terrorists
• BP Egypt Gas Boost
• Shell Quits Egypt Red Sea Blocks
• Iraq Eyes Near-Term LNG Imports

Selected Data

• Benchmark Crude Prices ($/B)
• India: Refinery Run & Oil Demand Records