Issue 02

Oil & Gas

• Adnoc Takes FID On 200mn Cfd SARB Sour Deep Gas Project
• Iraq Takes Over West Qurna-2 Management
• Israel-Egypt Gas Deal: Not Over The Line Yet
• Egypt Signs MoUs To Supply Syria, Lebanon With Gas

Corporate

• Gas Development A Highly Compelling Opportunity Says Aramco
• Saudi Growth Agenda Underpins Aramco’s Gas Push

OPEC

• Opec+ In 2025: Navigating A Year Of Turbulence And Growth
• US Claims Venezuela’s Oil Sector Dominance Following Maduro Capture

Geopolitical Risk

• UAE-Backed Secessionists In Yemen Collapse After Saudi Offensive

Refining & Petrochemicals

• Egypt, Qatar Deepen Energy Ties With New LNG Deal

Power & Water

• Power Outages In Sudan As Drone Warfare Destroys Energy Infrastructure
• Kuwait’s Electricity Import Addiction Grows

Economics & Finance

• Oman Expects Back-To-Back Budget Deficits

News In Brief

• BP’s Kuwait ETSA Extended to Mid-2029
• Kuwait Firms Up Offshore Exploration Plans
• Acwa Power Completes Al Zour Power Purchase
• Sonatrach Endorses Algeria’s $60bn Hydrocarbons Plan
• Kosmos To Double Tortue LNG Exports In 2026
• Israel-Egypt Gas Flows Dropped In Late 2025

Selected Data

• Crude Official Selling Prices ($/B): Aramco Cuts February Asia Prices For Third Straight Month
• Benchmark Crude Prices ($/B)
• Turkey’s Electricity Exports To Syria Jumped In 2025