Issue 42

Oil & Gas

• Saudi Arabia Targets 10mn B/D Bypass Capacity
• KPC: Up To Five Years For Bypass Pipeline Construction
• ‘Virtual EastMed’ Gas Corridor Takes Shape Through Egypt

Corporate

• Aphrodite Tariff Dispute Clouds FID Timetable
• IOCs Compete For Iraq’s Nahr Bin Umar Field

OPEC

• Oil Markets Resilient, But Increasingly Inefficient

Geopolitical Risk

• Libya’s Leading Producer Faces Corruption Allegations
• Sudan Plans To Regulate Fuel Market Amid Worsening Crisis
• Israel Election Outlooks Point To Political Deadlock
• Saudi-Houthi Conflict Escalates

Refining & Petrochemicals

• Sabic At Fifty: A Year Of Challenges And Transformation
• MEES Speaks With SABIC CEO Faisal Alfaqeer
• Global Diesel Crunch To Persist Into 2027
• Gulf Refiners Bring Capacity Back Online

Economics & Finance

• IMF: Global Economy Tested But Resilient

Power & Water

• Arab Ministers Discuss Common Electricity Market
• EPC Contract Awarded For 2.3GW Saudi Power Plant

Op-Ed & Documents

• Saudi Arabia Minister Of Energy’s Opening Speech to WPC Energy Congress

News In Brief

• Aramco JV Refinery In China Receives First Crude Feedstock
• Saudi-Kuwait Expand Electricity Cooperation
• Kurdistan IOCs Receive Initial Payment Top Ups
• Iraq Hands Over Kirkuk To BP
• Chevron Awarded Egypt Offshore Block
• Eight Contractors Eye Cyprus LNG Terminal

Selected Data

• Crude Official Selling Prices ($/B): Major Gulf Producers All Cut November Prices
• Benchmark Crude Prices ($/B)
• Egypt Reserves Hit Record $57.3bn