Issue 42

Oil & Gas

• Kuwait’s Offshore Exploration: Three Wells, Three Discoveries
• Aramco Offshore Increments To Buttress Spare Capacity
• Khor Mor Partners Complete KM250 Expansion, Eye Federal Sales
• Egypt Posts First Gas Output Rise In Three Years
• Exxon: Turning Disadvantaged Barrels Into Advantaged Ones

Corporate

• Algeria Secures $5.4bn Exploration Deal With Saudi Arabia’s Midad As Gulf Interest Grows

OPEC

• Oil Markets to Soften Ahead of Late-2026 Tightening?

Geopolitical Risk

• Trump’s Deal: ‘Peace In The Middle East’ Or Another Illusion?

Refining & Petrochemicals

• Restructured Petro Rabigh Approves Upgrade Program
• XRG Covestro Remedies Win Support

Power & Water

• ENEC Speaks with MEES About Abu Dhabi’s Game-Changing Barakah Nuclear Plant
• Chinese Firms Win Saudi Solar, Wind Awards
• Engie, Masdar Win Abu Dhabi Solar Award

Economics & Finance

• World Bank, IMF Raise Egypt Growth Forecasts As Reforms Take Effect

News In Brief

• Egypt LNG: Cargo Exported As Damietta Receives First Cargo
• UEG Completes Apex Egypt Purchase
• Iraq to Build LNG-To-Power Plant at Fao
• Zubair Oilfield Capacity Set to Reach 700,000 b/d
• Libya Restarts Ras Lanuf Cracker

Selected Data

• Crude Official Selling Prices ($/B): Iraq, Kuwait Follow Saudi Cuts To Corresponding Grades To Asia For November
• Benchmark Crude Prices ($/B)
• Middle East Exporters Maintain Grip On Korea’s Shrinking Crude Oil Market