Politics, Geopolitics & Conflict
Fighting continues to rage in Sudan (it’s been a week) in what is looking increasingly likely to descend into a civil war, with a powerful paramilitary group clashing with the Sudanese army on the streets of the capital Khartoum and across the country. According to the World Health Organisation, more than 290 civilians are dead and thousands more are injured. The Pentagon is said to be readying forces in Djibouti to potentially evacuate embassy staff there. The clashes could threaten landlocked South Sudan’s oil exports through Sudan, which is its only link to export markets. So far oil exports have not been affected and Sudan’s pipeline has not been targeted.
The 450,000 bpd pipeline that runs from the Kurdistan Region of Iraq to the Turkish port of Ceyhan was still offline as of the time of writing early on Friday morning. The Iraqi PM had said on Tuesday that the pipeline (shutdown over a court ruling against Turkey and in favor of Iraq) would be turned on “this week”. While “this week” is not yet over, the pipeline has not yet been turned on with indications that Turkey has not yet agreed.
Discovery & Development
Monday saw the delivery of the first cargo to TotalEnergies’/India’s Adani group’s new LNG import facility at India’s Dhamra port, boasting a regasification capacity of 5 million tonnes per annum. Dhamra is the first LNG import facility…