Issue 23

Oil & Gas

• Adnoc Flexes Murban Crude Back To Ruwais Refinery
• XRG Tasked With Accelerating ADNOC’S Global Growth
• Iraq Oil Minister Confident FSRU Deal Imminent

Corporate

• UAE: Hamriyah Port Suffers Major Fire Damage

OPEC

• Iraq Cuts Output In May, Welcomes Capacity Assessment Plans

Geopolitical Risk

• Political Wins Boost Morocco’s Western Sahara Ambitions
• Syria-Qatar Power Deal
• Adnoc Leans On Iraqi FO
• Kurdish Hopes Of Autonomy In New Syria Unravel

Refining & Petrochemicals

• Israel Refinery Output Down On Ongoing Maintenance
• 2028 Shaping Up To Be A Big Year For Saudi Power Sector

Economics & Finance

• UAE Financial HELP Masks Egypt’s Ballooning Current Account Deficit

News In Brief

• Amea Starts Up 500MW Egypt Wind Project
• OMV Exits Abu Dhabi Sour Gas Development
• EDF, Kowepo To Team Up At Abu Dhabi’s Zarraf Solar
• Chevron Begins Aphrodite Seabed Survey

Selected Data

• Crude Official Selling Prices ($/B): Aramco Cuts Prices To Asia, Lifts Europe Prices
• Benchmark Crude Prices ($/B)
• Iran’s Crude, Condensate Exports In The Spotlight