Issue 18

Oil & Gas

• Algeria’s First Bid Round In A Decade: Will It Be A Major Success?
• Kuwait’s Extends Shell’s Key Upstream Role

Corporate

• Egypt’s Upstream: New Terms Not Enough With IOCs Reluctant To Splash The Cash

OPEC

• IEA Warns Of Emerging Energy Security Risks
• Opec+ Cuts: All Options On The Table

Geopolitical Risk

• Morocco: Troubled Solar Plant Back Online After 14 Months
• Algeria-France Tension: Can Total Meltdown Be Averted?

Refining & Petrochemicals

• UAE Petchems Giant Borouge On Accelerated Growth Trajectory
• Oman Announces Third Green Hydrogen Bid Round Amid Headwinds
• Aramco Steps Up Multi-Billion Dollar Refinery Upgrade Strategy

Power & Water

• Israel Looks To Make Coal History With Gas & Renewables Powergen Records
• Kuwait Starts Power Imports Early Amid Generation Struggles
• Abu Dhabi’s Ewec To Reconfigure, Extend Shuweihat 1 Power Plant

Economics & Finance

• Saudi Arabia’s Falling FDI Makes Oil Revenue Crunch More Acute

News In Brief

• Gulf NOCs Step Up LNG Trading
• Aramco, Nabors Consider IPO Of Sanad Drilling JV
• Oman: Marsa LNG Advances
• Qatar-Shell Ink 25-Year Condi Deal
• Cairo Delays Bidding Deadline
• Exxon Spuds Cyprus Well…
• …As It Looks To Offload Egypt Find

Selected Data

• Japan 1Q24 LNG Imports: Qatar Returns As Top Mideast Supplier
• Saudi Arabia 2M2025 Key Oil Stats (‘000 B/D): Oil Burn Drops To 11-Year Low
• Benchmark Crude Prices ($/B)
• Brazil On Pace For 2025 Output Records