Issue 23

Oil & Gas

• Kuwait In Talks With Neighbors Over Bypass Pipeline Options
• Three Months For Kuwait To Bring Full Production Capacity Back
• Oman Crude Exports To China Collapse, As India, Taiwan Step In

Corporate

• Muscat Steps In To Supply Duqm Refinery
• Tamar Expansion Lifts Israel Gas Capacity To 3.7bn Cfd

OPEC

• Opec Output Steadies In May

Geopolitical Risk

• Iraq Calls On Kurdistan IOCs To Boost Ceyhan Exports
• Sudan Advances Power Grid Rehab After $3bn War Damage

Refining & Petrochemicals

• Adnoc Evaluating Refined Products Bypass Pipeline
• Kuwait Merges Downstream Companies
• Israel Refinery Output Holds Firm Through Conflict

Power & Water

• Israel Commits To Battery Storage Capacity
• Hormuz Crisis Complicates Gulf States’ Summer Electricity Plans

Economics & Finance

• Libya Oil Revenues Hit Decade-High $3.76bn
• Jeddah Emerges As Saudi Arabia’s Primary Hub For Seaborne Imports

News In Brief

• Qatar Open To Temporary Hormuz Toll
• Turkey Signs 15-Year Deal For Absheron Gas
• Ewec Inks PPA For 2.6GW Power Plant
• Libya-Oman Sign Upstream Mou
• Egypt: Mina West ‘Promising Production Results’
• Ratio Granted Two-Week Extension To Find New Partner
• Saudi Economy Resilient, Says IMF

Selected Data

• China 4m26 Crude Imports & Key Oil Data (‘000 B/D): China’s Imports Have Slowed Drastically Since The Hormuz Closure
• Crude Official Selling Prices ($/B): Key Gulf Prices To June
• Benchmark Crude Prices ($/B)
• Egypt Reserves Rise As Inflation Eases In April