Issue 50

Oil & Gas

• Eni, BP Prepare For Historic Libyan Deepwater Well
• Qatar Hopes To Start First NFE Train In 3Q 2026
• Saudi Arabia’s ADES To Develop Syrian Gas Projects

Corporate

• Kuwait’s KPC Plans $9-10bn Annual Upstream Capex

OPEC

• Opec Output Falls In November

Geopolitical Risk

• CNPC to Exit Sudan Upstream as Conflict Intensifies

Refining & Petrochemicals

• Luberef’s Jeddah Plant To Operate Until 2031
• Aramco, Exxon Plan Samref Upgrades

Power & Water

• Morocco Generates Gas Sector Momentum
• Dana Gas Announces Egypt Discovery
• Oman’s OQAE Targets 10GW Renewables Portfolio By 2030

Economics & Finance

• Incoming LNG Wave Set To Reverse Qatar’s Near-Term Deficit Cycle
• Iraq Faces Sizeable Deficit As Oil Revenues Shrink

News In Brief

• UAE-Saudi Tensions Rise In Yemen As STC Advances
• Jafurah Gas: Still Awaiting Start-Up
• Bapco-Acwa Plans 2.8gw Solar Plant
• Bahrain’s Sitra Refinery Capacity To Reach 405,000 B/D
• Iraq’s Somo LOWERS Kirkuk Crude’s API
• Chevron Expands Scope of Iraq HoA
• Iran Awards Contracts For Yadavaran Development
• UK-Listed Kistos To Enter Oman Upstream
• Oman’s PDO Inks Sour Gas Project Deal
• XRG Completes Covestro Purchase
• IEA Revises Up Demand Outlook

Selected Data

• Crude Official Selling Prices ($/B): Gulf Producers Follow Aramco In Cutting Prices
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• India’s Crude Import Bill Rises To Three-Month High In October