Issue 44

Oil & Gas

• Geopolitical Drama Jeopardizes $35bn Israel-Egypt Gas Deal
• Depot Fire Highlights Iraq’s Midstream Handicaps
• Libya’s NOC Announces New Sirte Basin Discovery

Corporate

• Qatar Picks Up Egypt Offshore Block By Gaza
• Adnoc Drilling’s Revises Up Revenue Guidance After Record Quarterly Results
• Algeria Hails ‘New Dynamic’ For Hydrocarbons, Replaces Sonatrach Boss

OPEC

• Kuwait Sells Prompt Crude Cargoes Following Al Zour Fire

Geopolitical Risk

• Lebanon Approves Cyprus Maritime Border, Syria Next
• Iran: Bizarre AIS Activity As Exports Remain Strong

Refining & Petrochemicals

• Saudi Arabia Reiterates Commitment To Petrochemicals Growth

Power & Water

• UAE’s 2.4GW Fujairah 3 Power Plant Achieves Full Operations
• Saudi Arabia Caps Record Year With 4.5GW Renewables Award
• Financing Secured for 12GW Saudi Solar Projects

Economics & Finance

• Saudi Oil Export Revenues Climb Again
• Saudi Arabia’s Oil Sector Kicks Into Growth

News In Brief

• Morocco Plans To Phase Out Coal By 2040
• Egypt To Launch Red Sea Offering
• Eni Completes Final Zohr Sidetrack
• Jordan Signs Up Kuwaiti Driller For 80 Risha Wells
• Adnoc Sour Gas To Start In 2026, Says PTTEP
• Qatar Signs 17-Year India LNG Deal
• US China Suspend Port Fees Clash
• Ratqa Steam Co-Generation Plans
• Lukoil to Sell International Assets to Gunvor

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• India’s Russian Imports Stay Elevated Ahead of Sanctions