Issue 03

Oil & Gas

• Libya Gas Exports Fall To 22-Year Low
• Leviathan Expansion FID Approved

Corporate

• Cronos To Bolster Egypt’s Gas Hub Ambitions

OPEC

• Geopolitical Volatility Overshadows Market Fundamentals In Early 2026
• USA Retains Clear Lead As Top Global Oil Exporter

Geopolitical Risk

• Maliki to Return as Iraqi PM?
• Iranian Regime Weakening Even As Immediate US Threat Eases
• Pax Silica: Forging A New Regional Security Architecture?

Refining & Petrochemicals

• Murban’s Share Of Adnoc Exports Slumped Following 2025’s CFP Rethink
• Sabic Divests Non-Core Overseas Assets
• Egypt Starts FSRU Maintenance

Power & Water

• Morocco Advances 700MW Of C&I Solar Power In 2026
• Scatec Plans Landmark 1.95GW PV/BESS Facility In Egypt

Economics & Finance

• Bahrain’s BxT Trading Launch Marks Full House For GCC NOCs

News In Brief

• Saudi Pledges $500mn To Yemen After UAE Withdrawal
• Shipping Giant Maersk Returns To Red Sea
• Oman’s Asyad Renews Tanker Fleet
• NMDC, CCC Launch UAE-Focused JV
• Financial Close Reached on Oman’s First Hybrid Solar/BESS Project
• SLB Wins Kuwait’s Mutriba Development
• Iraq’s Rumaila Set For 2027 Capacity Boost
• Iraq Granted Lukoil One Year ‘Grace’
• TotalEnergies Consortium Takes Lebanon Offshore Block 8

Selected Data

• Crude Official Selling Prices ($/B): Iraq, Kuwait Follow Saudi In Cutting February Asia Prices For Key Grades
• Saudi LPG Official Contract Prices ($/T)
• Benchmark Crude Prices ($/B)
• Kuwait’s Oil Exports Swing Back To Crude