Page 1 - MEOG Week 36 2022
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Issue 885           07•September•2022                     Week 36





                    ™      aq maintains drilling push
                            Ir

                            Iraq’s oil production has risen marginally as drilling continues, but technical
                            issues with loading facilities have constrained exports.


                    ™      Establishing the East Med


                            Establishing short subsea links with Egypt may be a faster and cheaper way
                            to launch exports than waiting for EastMed.

                    ™      OPEC+ cuts back as prices slide


                            OPEC+ this week elected to row back on last month’s increase in the wake of
                            falling prices and demand concerns.

                    ™      Emirati firm looks to buy holding from Shell


                            Dubai-based Wellnord is reportedly prepared to buy Shell’s 50% stake in its
                            Salym Petroleum Development joint venture with Russia’s Gazprom Neft.
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