Issue 28

Oil & Gas

• Israel Finally Launches Fifth Offshore Bid Round
• Israel Completes Offshore Pipeline, Boosting Egypt Exports
• UAE Production Bounced Back In June
• MidOcean LNG Secures UAE Investments

Corporate

• Adnoc Establishes New LNG Marketing Platform
• Qatar’s UCC Inks $1bn Deal For Libya’s Area 47

OPEC

• Opec Output Rebounds On Hormuz Recovery

Economics & Finance

• US Contracts, Potential Syria Partnership Top Agenda For Iraqi PM’s Washington Trip
• Adnoc Discusses Energy Security With Japanese Buyers

Geopolitical Risk

• Iraq-Turkey Pipeline Deal: One-Year Extension
• Iran Tanker Attacks Spark Renewed Hormuz Hostilities

Refining & Petrochemicals

• QatarEnergy To Support Next Phase Of Industrial Growth At Mesaieed

Power & Water

• Saudi Arabia’s Governance Reforms Underpin Renewables Revolution
• World Bank Backs Morocco’s Pumped Storage Expansion
• Cyprus Awards First Battery Storage Contracts

News In Brief

• Adnoc Distribution Buys Shell’s South Africa Network
• Adnoc To Reinforce Korea Inventories
• Saudi Arabia Advances Green Hydrogen Marketing
• Egypt Installs Second Nuclear Reactor Vessel

Selected Data

• Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Aramco Official Selling Prices To Asia*: Arab Light Priced At A Discount For First Time Since Covid-Era ($/B Vs Oman/Dubai)