Issue 12

Oil & Gas

• Egypt Gas & Oil Output Continues Decline In 2025

Corporate

• Socar Eyes Israel Expansion Following Official Entry Alongside BP
• BP Seeks To Build On Historic Middle East Foundations In ‘Return To Upstream’ Strategy
• Adnoc-Mubadala Energy Tie-Up?

OPEC

• China Crude Imports Down For Jan-Feb 2025, Russia Still Top

Geopolitical Risk

• Qatar-Jordan-Syria Gas Supply Deal: Just Don’t Mention Israel
• US Starts New ‘Unrelenting’ Bombing Campaign Against Houthis In Yemen

Refining & Petrochemicals

• Morocco Eyes $6bn Gas Infrastructure
• Morocco Gas Output Hopes Dashed

Power & Water

• Kuwait Seeks Chinese Help With Solar Expansion
• Saudi Power Revamp Progresses Apace Amid Record Electricity Demand
• Aramco Launches Direct Air Capture

Economics & Finance

• Kuwait’s Oil Revenues Down Despite Products Records

News In Brief

• Egypt Signs Up Siemens For 500mw Gulf Of Suez Wind
• Algeria Breaks Ground On 80mw Solar
• Carlyle-Energean Deal Terminated
• Opec Publishes Updated Compensation Plans

Selected Data

• ADQ To Power US AI
• Benchmark Crude Prices ($/B)
• China Gas: Record Output & Russia Supplies Crimp Need For LNG