MEOG - Middle East Oil & Gas

New deals, talks suggest upstream impetus in Kuwait

Kuwait appears to be turning a page towards a new era of commercial pragmatism towards its key oil sector

Iraqi Kurdistan to Turkey oil pipeline yet to restart as producers demand debt repayment guarantees

Pipeline oil exports from Iraq’s Kurdistan region to Turkey’s Mediterranean port of Ceyhan, halted since March 2023, were yet to restart on September 24 as two significant producers requested debt repayment guarantees, according to Reuters.

Turkey announces US-origin LNG deals that could secure 76 bcm over 20 years

Turkey’s state-controlled energy trade and infrastructure company Botas on September 24 announced two deals that could secure the supply of around 75.8bn cubic metres (bcm) of US-origin liquefied natural gas (LNG) over a period of 20 years.

Iran launches first mobile oil desalter at Cheshmeh-Khosh

Iran brought online its first mobile desalter at the Cheshmeh-Khosh oil field in western Ilam province, a project officials say would boost daily crude processing capacity by 14,000 barrels.

Iranian oil sales to China surge despite tighter US sanctions

Iran has sharply ramped up its crude exports to China in recent months, hitting around 1.81mn barrels per day (bpd) — almost 22% higher than the 2024 average — despite the United States tightening its sanctions regime.

Iran’s gas exports to Iraq drop by 41% during summer

Iran’s gas exports to Iraq plunged to $950mn between April and August, down nearly 41% from the same period a year earlier, according to data from the Trade Promotion Organization (TPO) of Iran.

Iraq's Basra refinery nears completion with $4.8bn Japanese funding

The Japanese Ambassador to Iraq, Akira Endo, confirmed that the Basra Refinery development project has reached its final stages, marking an essential achievement in Japan’s ongoing support for Iraq’s infrastructure development

Egypt exports rare LNG cargo to Europe, plans $200mn regasification unit

Aramco's bid to buy Repsol's renewables business collapses

Talks for Saudi Aramco to acquire a minority stake in Repsol’s renewables business have collapsed, ending months of negotiations over a potential €1bn investment.

Word leaks of $43bn US-Turkey LNG deal ahead of Trump-Erdogan meeting at White House

Agreement would cover imports through 2045.

Iran’s Dehloran petchem project stuck without feedstock

Iran’s Ahdaf Investment Group has poured $400mn into the Dehloran petrochemical project in the western Ilam province, near the Iraqi border, but the scheme remains in limbo due to a lack of feedstock, its chief executive said.

CPPE picks up contract for Iraq water supply pipelines

Basra Oil Company (BOC) has finalised a contract with CPPE to build a 950km pipeline network to deliver seawater to multiple oilfields in southern Iraq in a scheme overseen by Austria’s ILF Consulting Engineers,

Syria to establish energy company modelled on Saudi Aramco structure

Syria plans new energy company based on Saudi Aramco model as part of sector restructuring efforts following Saudi oil grant worth $120mn to support refinery operations.

Iranian cloak and dagger keeping oil sales flowing

Iran’s oil exports are being pursued “in line with macro policies and through diverse methods,” Deputy Oil Minister Hamid Bovard said, pushing back against claims that the Islamic Republic had shifted its marketing strategy.

UAE-based Dragon Oil signs Iraqi oilfield services deals

Dragon Oil has signed two MoUs relating to its expanding oil activities in Iraq

World's leading producers continue output plans above Paris deal compatibility

Many of the world’s major fossil fuel producers plan oil, gas and coal extraction far beyond levels compatible with the Paris Agreement.

Iran exports its first gas turbine to Russia

Iran has exported a modern gas turbine of its own design to Russia for the first time, Iranian Energy Minister Ali Akbar Aliabadi said on September 18.

Jordan and Egypt discuss enhanced energy cooperation

Jordan and Egypt ministers discuss expanded energy cooperation in natural gas and renewables, emphasising technical expertise exchange for enhanced regional energy security.

Iraqi Kurdistan oil exports may resume under trilateral agreement

Iraq and Kurdistan sign trilateral agreement to resume oil exports via Ceyhan pipeline after 30-month suspension, targeting 230,000 barrels per day initially.

Iranian union claims sanctions snapback will not derail crude sales

The return of United Nations sanctions on Iran is unlikely to disrupt Iran’s crude exports, just as previous rounds failed to halt flows more than a decade ago, a union leader said.

Iran’s NIDC completes second well in Yadavaran campaign

The National Iranian Drilling Co. (NIDC) has wrapped up drilling of the second development well in the joint Yadavaran oil field, part of a six-well programme aimed at boosting output from one of Iran’s largest shared deposits with Iraq.

Washington reportedly refusing to apply sanctions waiver to Iraq-Turkmenistan-Iran gas supply deal

Washington has reportedly rejected Iraq’s request for a sanctions waiver that would allow it to import gas via pipeline under a swap arrangement involving Turkmenistan and Iran.

Iraq raises oil exports after easing OPEC+ cuts

Iraq has increased its oil exports after beginning to unwind voluntary production cuts under the OPEC+ agreement, the country’s state oil marketer SOMO announced

Kazakhstan resumes oil exports via BTC after one-month suspension

Kazakhstan has resumed oil exports via the Baku–Tbilisi–Ceyhan (BTC) pipeline, which runs to Turkey's Mediterranean coast, after a one-month suspension, reopening a key westbound corridor that avoids Russian territory, Oilprice.com reported.

Egypt secures deal with Eni to export Cyprus’ Cronos gas field output

Egypt has agreed with Italy’s energy major Eni to re-export the entire production of Cyprus’ deepwater Cronos gas field in the Eastern Mediterranean

Sunfusion project of Turkish refiner Tupras to produce biofuel from algae and yeasts

Top Turkish refiner Tupras is working on a technology that will produce biofuel from purified microalgae and oleaginous yeasts with the use of solar energy, Balkan Energy Green News reported on September 16.

SOCAR says world’s largest container shipping company MSC to take stake in Turkish terminal on Aegean Sea

Terminal Investment Limited, a unit of Mediterranean Shipping Company (MSC), the world's leading container shipping company, is to become a shareholder in SOCAR Terminal in Turkey, Azerbaijani state-controlled SOCAR said on September 16.

ADNOC-led group axe plans to buy Australia's Santos

Chevron signs $610mn deal to extend Israeli gas exports to Egypt

US energy major Chevron announced a deal with Israel’s state-owned pipeline operator to construct the Nitzana pipeline, which will transport natural gas from the Leviathan field to Egypt,

Chinese engineering firm scores $4bn in contracts at Qatari oil and gas field

China’s Offshore Oil Engineering Compan has secured two major contract packages from QatarEnergy worth about $4bn for the redevelopment of the Bul Hanine offshore oil and gas field.

US blacklists 16 people, entities over Iranian oil sales

The United States has imposed fresh sanctions on a network of individuals and firms it says have been helping Iran sell oil and funnel money to its military, in the latest move under President Donald Trump’s “maximum pressure.”

IEA warns that output at existing oil and gas fields is falling faster than expected

Analysis of thousands of reservoirs shows that many of the largest conventional fields have already peaked, while unconventional sources such as shale need constant drilling to maintain production.

Iraq ranks second among OPEC oil producers in August

Iraq was the second-largest crude oil producer in OPEC in August 2025, according to the latest figures released by the Organisation of the Petroleum Exporting Countries (OPEC)

Iran says gas industry needs $42bn to hit output goals

Iran’s gas industry requires $42bn in investment to meet production targets set under its Seventh Development Plan (SPD), a senior official said, underscoring both the scale of the opportunity and the hurdles facing the energy sector.

Iran lifts output at South Azadegan oil field with new well

Iran has boosted crude output at its giant South Azadegan oil field in the southwestern oil-rich province of Khuzestan after state contractor Petropars brought a new well onstream.