Issue 34

Oil & Gas

• Cronos FID Opens New Cyprus Gas Era
• Cronos: Cyprus’ $2.2bn First Gas Project Takes Shape
• Mediterranean Declines Push Egypt Gas Output To New Low
• Oman’s OQEP: Profits Up 38%
• Qatar: IQ's Q2 Hit

Corporate

• IOCs Remain Committed To Abu Dhabi Growth Plans Despite Conflict

OPEC

• Fujairah Emerges As Epicenter Of Middle East Oil Trade
• Crude Shuttling Heats Up In Fujairah & Sohar, As Products Trade Tested
• US Blockade Causes Iran Oil Loadings To Slump

Geopolitical Risk

• Iran Braces For Trump’s ‘Economic D-Day’

Refining & Petrochemicals

• Saudi Oil Sector Recovering From Conflict Outages

Power & Water

• Dubai Power Generation Down 7% On Hormuz Disruption

Economics & Finance

• EGPC: IOC Arrears Cleared But Financial Health Remains Fragile

News In Brief

• Egypt’s Oil Rebound Fades In 2Q
• Meridiam Takes Control Of Cyprus-Greece Power Link
• Eni, Sonatrach Look To Reduce Algeria Upstream Emissions
• Saudi Arabia’s Principal Buyer Awards 8GWh BESS Contracts
• Iraq Approves Oil Prepayment Contracts
• Kurdistan Oil Export Agreement Renewed
• JGC Resumes Basrah FCC Project

Selected Data

• Key Gulf Crude Official Selling Prices ($/B)
• Benchmark Crude Prices ($/B)
• Turkey Turns Towards US For Crude Imports As Traditional Suppliers Stumble