Issue 20

Oil & Gas

• Repairs On Abu Dhabi’s Habshan Gas Plant To Last Until Mid-2027
• Libya, Tunisia Relaunch Joint Oil Licensing Round
• Israel Lays Out Leviathan Gas Export Conditions

Corporate

• Eni Makes Another Gas Find Offshore Egypt
• Exxon In Talks For New Acreage Offshore Cyprus
• Aramco’s Profits Surge On Conflict Price Spike
• Adnoc Drilling Awaits Green Light For Post-5mn B/D Expansion

OPEC

• Global Oil Demand Could Fall 2.5mn B/D In Q2 Says IEA

Geopolitical Risk

• QatarEnergy Partners With Total, Conoco For Exploration Offshore Syria

Refining & Petrochemicals

• Libya’s NOC Regains ‘Full Control’ Of Ras Lanuf Refinery After 13-Year Dispute

Power & Water

• Iraq’s Electricity Sector In Unprecedented Summer Crisis Mode

Economics & Finance

• Adnoc Backs New $30bn Investment Fund
• India’s Products Import Bill Drops

News In Brief

• World Bank Approves $1bn Egypt Reform Package
• Totalenergies Signs Egypt West Med Mou
• Kuwait Captures Iranian Operatives
• Iraq’s BGC Exports Condensate Cargo
• Saudi’s Rabigh 4 Desalination Plant Brought Online
• Trump-Xi Summit: No Iran Breakthrough

Selected Data

• Benchmark Crude Prices ($/B)
• IEA Slashes Global Demand Outlook For Q2 As Shortages Start To Bite