Issue 41

Oil & Gas

• Iraq Upstream Prospects Improve As Exxon Mulls Return
• Eni Resumes Offshore Exploration In Libya After Five-Year Hiatus

Corporate

• PDO Oil Output Rises To 70% Of Oman’s Total
• QatarEnergy Expands Offshore Egypt, Partners Shell
• Adnoc Subsidiaries To Distribute $43bn In Dividends By 2030
• Saudi Crude Shipments to Europe Rebound

OPEC

• Opec+ Opts for Cautious 137,000 b/d November Increase
• Opec Posts Strong Production Growth

Geopolitical Risk

• Syria Holds ‘Indirect’ Elections As International Thaw Continues

Refining & Petrochemicals

• Aramco Increases Petro Rabigh Stake To 60%
• EC Tests XRG’s Covestro Remedies

Power & Water

• Shuaibah Oil Imports Fall After Desalination Plant Upgrade
• $532mn Contract Awarded For 600MW Tunisia-Italy Power Link

Economics & Finance

• Eni’s Egypt Receivables Down Markedly From Mid-2024 Peak

News In Brief

• Iraq’s LNG Plans Move Forward with Excelerate FSRU Award
• Middle East Shipping Affected By Surge In Radar Jamming
• EDO Taps Debt Market For $130mn
• Mauritania Signs Up For $300mn Solar-Wind Project
• Israel And Hamas Approve Gaza Ceasefire

Selected Data

• Benchmark Crude Prices ($/B)
• Israel-Egypt Gas Flows Rebound To Near 1bn cfd In September