Issue 32

Oil & Gas

• IOC holdout, Baghdad-Erbil Disputes Stall ITP Restart Once Again
• Leviathan Partners Agree $35bn Israel-Egypt Gas Export Deal
• Aphrodite Advancing
• Eni, BP Sign Egypt Deal Ahead of Exploration Drilling
• Saudi Gas Output On Course For Major Annual Gains
• Kuwait Advances Offshore Exploration
• Tunisia Oil & Gas Output Slump Deepens Import Dependence

Corporate

• Aramco Earnings Hit By Q2 Oil Price Decline
• Adnoc Gas Reports Record Profits On Surging UAE Demand

OPEC

• Opec+ Prioritizes Flexibility Amid Uncertain Geopolitical Outlook

Geopolitical Risk

• Trump Envoy Tour Resets US Engagement Across North Africa
• Libya’s NOC Inks Exxon MoU

Refining & Petrochemicals

• Fertiglobe’s Operations Hit By Egypt Gas Outage In Q2
• Refining Margins Prove Bright Spot for Aramco
• Oman’s IGC Approves Expanded Sohar Gas Pipeline
• UAE’s Montfort Plots Revival With Refinery Relocation

Power & Water

• Egypt LNG Imports Hit Record 1Mn Tons In July
• Amea Joins $290mn Morocco Desalination Project Amid Controversy
• Acwa Power Secures 800MW Solar PV Projects In Morocco
• Portugal Eyes Morocco Grid Link

Economics & Finance

• Acwa Power Secures $3.4bn Financing for Saudi CCGT Plants
• Ades to Purchase Shelf Drilling

News In Brief

• Oxy Oman Crude Output Jumps 20%
• Oman Tenders For Waste Power Project
• Israel Votes To Occupy Gaza City
• Syria Signs $Bn Deals With Qatar, UAE
• Shipowners To Avoid Red Sea In 2H25
• Mubadala Energy Closes Us LNG Deal
• Sabic Posts Q2 Loss on Teesside Impairment
• Leviathan Supplying Jordan’s DEAD Sea Industry

Selected Data

• Crude Official Selling Prices ($/B): Aramco Hikes Prices To Asia For September
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)