Issue 49

Oil & Gas

• Israel-Egypt Gas Deal Stuttering As Deadline Extended

Corporate

• Kuwait’s KPC Closes In On Downstream Merger
• Exxon, Chevron In The Mix For Lukoil’s Iraq Assets

OPEC

• Historic Opec+ Capacity Assessment Deal ‘Rewards Investment’
• Alternative Arrangements For Iran, Venezuela And Russia

Geopolitical Risk

• Morocco Plans Grid Connections With Western Sahara
• Southern Secessionists Take Over Yemeni Oil And Gas Fields
• Shipping Slowly Returns To The Red Sea

Refining & Petrochemicals

• Israel’s Refining Sector’s Slow Post-Conflict Recovery
• Fujairah Crude Imports Grow Lighter
• Totsa Returning To Jebel Ali

Power & Water

• Israel’s Coal-to-Gas Powergen Conversions Gather Pace
• Libya Targets UK Companies For 850MW Renewable Energy Plans
• Kurdistan Emerges As Iraq’s Largest Electricity Supplier

Economics & Finance

• Saudi Arabia Prioritizes Investment Despite Budget Deficits

News In Brief

• Jafurah Basin Startup Achieved?
• Infinity Breaks Ground On 200mw Egypt Wind Farm
• Developers Axe Two Oman Green H2 Projects
• Developers Axe Two Oman Green H2 Projects
• Bahrain, Saudi Provisionally Agree on Solar Project
• BP, XRG Lose Teesside Blue Hydrogen Project

Selected Data

• Crude Official Selling Prices ($/B): Saudi Cuts January Prices To All Destinations
• Benchmark Crude Prices ($/B)
• Saudi Aramco Cuts OSPs For Key Grades To Five-Year Lows