Issue 15

Oil & Gas

• Libya ‘Open For Business’ As Bid Round Eyes Global Majors
• Saudi Arabia Announces New Discoveries
• Tethys Oil Shifts Focus In Oman
• Cyprus Gas Dreams Take Hit As Exxon’s Elektra Well Flops
• Mubadala Energy Enters US LNG

Corporate

• Adnoc Drilling Eyes New Joint Ventures For Overseas Expansion
• Eni Revises Up Zohr Reserves But Output Decline Continues

OPEC

• Opec Output Set For Gains After March Decline
• OPEC Secretary General: ‘Data-Driven Messaging More Important Than Ever’

Geopolitical Risk

• Russia Fills The Void As Syria’s Oil Supplier

Refining & Petrochemicals

• GCC Deepens Africa Ties, Starting 2025 With Record Oil Product Exports

Power & Water

• UAE ‘Clean Energy’s’ 30% Share, But Gas Use Up
• Egypt Eyes Summer Power Needs, Looks To Limit LNG Spending

Economics & Finance

• Egypt Economy: Trump’s Tariffs Highlight Fragility

News In Brief

• US-Iran Prepare For Muscat Talks
• Egypt, France $7.7bn Green H2 Deal
• Iran: New Year Gasoline Record
• Crescent To Drill Iraq Wells
• Baghdad Calls For More KRG Talks
• Oman’s Block 47 Exploration Drive
• Libya’s To Drill Offshore Gas Wells
• Amspec Suspended From Fujairah

Selected Data

• Crude Official Selling Prices ($/B): Saudi Slashes Asia May Prices
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• Drilling In The GCC Rises To Its Highest Level Since 2Q 2020