MEOG - Middle East Oil & Gas
Iraq's Basra crude prices rise in line with global oil gains
Prices for Iraq’s Basra crude grades rose, tracking gains in global oil markets as stronger-than-expected economic data from China lifted optimism about demand.
New UAE gas agreement strengthens energy ties with India
A landmark energy partnership was solidified between the UAE’s integrated gas processing powerhouse, ADNOC Gas PLC, and India’s Hindustan Petroleum Corporation, signed during the state visit of UAE President to India.
Iran’s private sector to process 12% of crude under partnership deals
The state-owned National Iranian Oil Co. (NIOC) has handed over 12% of the country’s crude oil production and processing to the private sector, a company official said.
Iran advances development of joint Farzad-B gas field
Iran has made “remarkable progress” in the development of the Farzad-B gas field, shared with Saudi Arabia in the Persian Gulf, said Hamidreza Saghafi, CEO of state contractor Petropars.
Algerian Sonatrach to pay $290mn in compensation to UK Sunny Hill Energy in gas dispute
An international arbitration tribunal has ordered Algeria’s state energy company Sonatrach to pay around $290mn to UK-based Sunny Hill Energy, following a long-running dispute over the Ain Tsila gas project in southeastern Algeria,
Syria to attract US oil investment, including Chevron
The Syrian Petroleum Company (SPC) announced that new US oil companies are preparing to invest in Syria’s oil sector, including Chevron.
Iraq’s Basra Gas reports rising LNG exports above 700,000 tonnes in 2025
Iraq’s Basra Gas Company announced that exports of liquefied gas have been rising steadily as the company prepares projects to significantly increase volumes shipped abroad.
Israel and Cyprus near gas deal after more than decade of stalled negotiations
Israel and Cyprus are approaching a final agreement on the jointly held Aphrodite-Yishay gas reservoir after more than a decade of stalled negotiations.
Iraq kicks off drilling at Akkas following contract overhaul
Iraq has commenced well-drilling operations at the Akkas gas field in Anbar Governorate
Qatar set for progress on Al-Shaheen following delivery from China
A Chinese fabrication yard has successfully completed the load-out of critical offshore infrastructure for Qatar’s Al-Shaheen oilfield.
Leviathan partners sign FID on field expansion
Chevron and partners sanctioned a $2.36bn expansion of Israel’s Leviathan field, increasing output to 21bcm to bolster regional energy security and exports
Egyptian President El-Sisi directs government to prioritize settlement of foreign oil and gas debts
Egyptian President Abdel Fattah El-Sisi has directed the government to maintain its commitment to settling dues owed to oil and gas companies operating in Egypt
Syrian Petroleum Company receives oil fields after Army's advance
The Syrian Petroleum Company (SPC) announced that the Syrian Army has taken control of oil and gas fields in Deir Ezzor, following recent military advances in eastern Syria.
India’s Russian oil imports slide to two-year low as OPEC share rises
India’s imports of Russian crude fell to their lowest level in nearly two years in December, as tighter Western sanctions disrupted flows and prompted refiners to source more oil from alternative suppliers, pushing OPEC’s share of imports
Iraq targets 57,000MW power capacity expansion in five-year plan
Iraq has outlined details of a five-year plan for the power sector, targeting a total generation of 57,000MW, while disclosing the scale of output tied to contracts signed with global energy firms.
Saudi Arabia surpasses Russia in oil production during 2025
Saudi Arabia surpassed Russia in oil production during 2025 with daily output reaching 9.472mn barrels compared to Russia's 9.13mn barrels, as kingdom restored voluntary cuts faster than Moscow.
Iran's Oil Minister dismisses Trump threats as oil sector continues operations
Iranian Oil Minister Mohsen Paknejad dismisses Trump threats saying Iran continues oil operations despite US president's boasting, as Tehran pursues Venezuelan oil debts dating back three to four years.
Iran signs internal "$2bn" oil sector investment contracts with private sector participation
Iran signs $2bn National Iranian Oil Company investment contracts for drilling and crude oil processing, expected to increase production capacity by 315,000 barrels per day and create 11,500 jobs.
Bahrain and TotalEnergies establish joint oil trading enterprise
TotalEnergies and Bapco Energies have launched BxT Trading, a collaborative venture split equally between the French energy giant and the Bahraini state firm.
Qatar gas sector contracts double to $12.3bn in 2025
Energy infrastructure in Qatar experienced a massive boost throughout 2025 as the value of gas-related agreements surged to $12.3bn.
India’s oil firms strike onshore crude in Abu Dhabi
India’s state-run oil companies have recorded a new overseas upstream milestone with an onshore oil discovery in Abu Dhabi, reinforcing the country’s push to strengthen energy security through international exploration
Saudi Electricity Co. plans dollar-denominated sukuk issuance
Saudi Electricity Co. plans to issue dollar-denominated unsecured priority sukuk with timing and size to be determined, appointing 17 banks as issuance managers for the offering.
Iraq advances plans for West Qurna gas-fired power plant
Iraq is planning to construct a major gas-fired power plant in the southern province of Basra, as the government steps up efforts to boost national generation capacity and ease chronic electricity bottlenecks.
Algeria’s oil exports fall 2% in 2025 despite year-end rebound
Algeria’s oil exports declined by 2% y/y in 2025, equivalent to about 16,000 bpd, despite a strong recovery in shipments during December 2025, energy platform Attaqa reported
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