MEOG - Middle East Oil & Gas
Top Turkish refiner Tupras says it's stopped buying Russian crude amid stepped-up sanctions
Turkey’s top oil refiner Tupras has ceased purchasing Russian crude because of stepped-up US sanctions announced in mid-January on Russian energy companies and tankers carrying Russian oil, the company said on an earnings call on February 17.
Iran, Russia push for closer energy ties with joint oil projects
Iran’s deputy oil minister and Russia’s deputy energy minister called for greater cooperation through joint energy projects.
Iraqi oil minister says KRG crude exports to Turkish port will resume next week ending two-year suspension
Oil exports from northern Iraq’s semi-autonomous Kurdistan region will start flowing to the Turkish Mediterranean coast next week following a suspension of almost two years, Iraq’s Oil Minister Hayan Abdel Ghani said on February 17.
Pressure drop in Iran’s mammoth gas field poses ‘biggest threat’
A senior Iranian official described a looming pressure drop in the giant South Pars gas field as the “biggest threat” to the country’s energy security.
Crude output surges at Iran’s giant energy company by 7%
Crude oil production at the National Iranian South Oil Co. (NISOC) has climbed by 7% since August when Iran’s new government took office, the company’s CEO said.
Istanbul-listed Petkim’s port unit obtains $140mn three-year loan from JPMorgan at SOFR+4.35%
Port operator Petlim, a unit of Turkish petrochemical producer Petkim (PETKM), has obtained a $140mn three-year loan from JPMorgan.
Turkey seeks to strengthen energy ties with Venezuela
Iran moves to stabilise production at South Pars
Iran has underscored the strategic significance of the South Pars pressure boosting project, highlighting its pivotal role in enhancing production and job creation.
Kurdish and Federal Iraqi officials share views on resuming oil exports
The president of Iraq’s Kurdistan region has indicated the likely resumption of oil exports next month.
Iraq’s IDC starts new drilling campaign at East Baghdad oilfield
The Iraqi Drilling Co. (IDC) has begun work on an 18-well drilling campaign at the giant East Baghdad oilfield
Iran vows to expand oil sales via cooperation with others, including Russia
Iran’s Oil Minister Mohsen Paknejad vowed to “seize every opportunity” to secure a stronger foothold in the global energy market and to boost cooperation with other countries, including Russia.
Iraqi deputy PM for energy meets Ukrainian ambassador in Baghdad
ADNOC Gas pens LNG supply deal with Indian Oil Corp
ADNOC Gas has signed a 14-year sales and purchase agreement (SPA) with state-owned Indian Oil Corporation for the supply of up to 1.2mn tonnes per annum (mtpa) of liquefied natural gas (LNG), the Abu Dhabi-based company said in a press release
Biggest Turkish refiner Tupras reportedly restricting Russian oil purchases amid tightened sanctions
Biggest Turkish refiner Tupras is reportedly placing restrictions on its purchases of Russian oil and fuels in order to steer clear of potential breaches of US sanctions.
Iranian floating crude storage rises as US sanctions bite
Iran’s floating oil reserves have seen a sharp jump after the United States blacklisted dozens of tankers carrying Iranian crude over the past few months.
Power outage halts over 30 oil wells in southern Iraq
More than 30 oil wells stopped working due to power outages in Basra and the southern governorates of Iraq on February 13.
Gulf Cooperation Council committed to tackling climate change
The Gulf Cooperation Council this week said that it would continue with plans to address the impacts of climate change.
Oil, energy ministries trade barbs after blackouts in Iranian capital
Iran’s oil and energy ministries have accused each other of negligence after parts of the capital Tehran plunged into darkness overnight on February 11 due to alleged fuel shortages.
Iran, Turkmenistan in talks over energy as Tehran reportedly seeking gas imports
Top energy and foreign affairs officials of Iran and Turkmenistan stressed the need to foster cooperation in the oil and gas sectors, as Iran struggles to tackle its worsening gas shortage amid freezing winter temperatures.
Iraq slashes $256mn from Mozambique's historic oil debt
ADNOC signs 5-year LNG supply deal with Bharat Petroleum
Abu Dhabi National Oil Company has agreed to a 5-year LNG supply deal with India’s Bharat Petroleum.
Turkmenistan to ship gas to Turkey under long-awaited deal
Initial volumes via arrangement with Iran will be modest, but the potential for sizeable flows is there. A Turkish hub could eventually transship deliveries to Europe.
Trump's Iran sanctions put Iraq's power sector at risk
Iraq faces a potential energy crisis as US President Donald Trump ends its exemption from sanctions on Iranian gas and electricity imports.
Iraq installs new 70,000-bpd refining unit to Maysan oil plant
Saudi Arabia’s Global Pipe Co. wins Aramco CCS deal
Global Pipe Co. has been awarded a $243mn contract by Saudi Aramco to support its carbon capture and storage with the supply of longitudinal submerged arc welded pipes.
Cuba denounces US sanctions on Iran’s oil industry
Cuban Foreign Minister Bruno Rodriguez has criticised Washington’s latest sanctions targeting Iran’s oil sector, describing them as unilateral and in violation of international law.
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