MEOG - Middle East Oil & Gas
Libya begins towing damaged Russian LNG tanker off its coast
Libya has begun operations to tow a damaged Russian liquefied natural gas (LNG) tanker that has been stranded off its coast since early March
Iranians freeze gas supplies to Turkey following Israeli strike on South Pars
Ankara yet to comment on whether it could face significant gas shortages.
ADNOC restarts Habshan gas plant while LNG export disruptions continue
The United Arab Emirates has resumed operations at its largest gas processing facility following an attack that halted output, even as exports of liquefied natural gas remain severely constrained by disruption in the Strait of Hormuz.
Apache discovers new gas field in Egypt’s Western Desert
Egypt has announced a new natural gas discovery in the Western Desert, as US energy major Apache (NASDAQ: APA), in partnership with the Egyptian General Petroleum Corporation (EGPC), expands its exploration activities in the country.
Oman's oil production rose 3.8% in February
Oman's total oil production increased by 3.8% y/y at the end of February, according to data from the National Centre for Statistics and Information.
UAE’s ADNOC takes delivery of new LNG Carrier
ADNOC announced the delivery of its new LNG carrier, Arada, with 175,000m3 capacity, from China's Jiangnan Shipyard ahead of schedule.
Trump says Hormuz will reopen 'very soon' if US-Iran deal works
Trump says the Strait of Hormuz will reopen "very soon" if a US-Iran deal works, but Tehran denies any negotiations and says the blockade will not return to pre-war conditions.
Egypt moves to fully clear $1.3bn dues to oil partners by end-June 2026
The Egyptian government is doubling its efforts to settle outstanding payments to foreign oil and gas partners to restore investor confidence and support production growth. It moves to fully clear $1.3bn dues to oil partners by end-June 2026
Italy’s PM Meloni heads to Algeria to secure gas supplies amid Qatar disruptions
Italian PM Giorgia Meloni is set to visit Algeria on March 25 as the European country seeks to secure alternative gas supplies following disruptions to imports from Qatar
Libya’s El Feel oilfield halted as pipeline diverted after Sharara fire
Libya’s El Feel oilfield has been shut down since March 19 after its pipeline was repurposed to transport crude from the Sharara field following fire damage.
BP and Arcius Energy to drill four new gas wells in Egypt’s Mediterranean
UK energy major BP and Arcius Energy are preparing to drill four new gas wells offshore Egypt as part of a broader push to expand exploration activity in the Mediterranean.
Appetite for Turkmen gas could rise in China, Turkey and Europe amid Hormuz crisis
Disruption to Middle East supplies may have concentrated minds. Is Central Asia gas a better bet?
Iran war drives Egypt’s energy bill higher amid surging import costs
Egypt faces mounting pressure from an annual energy bill approaching $20bn, as global geopolitical tensions driven by the US-Israeli strikes on Iran and domestic production challenges complicate efforts to secure sustainable energy supplies
Jordan reassures adequate fuel supplies and stable reserves
Jordan has sufficient and reassuring reserves of petroleum products, with continuous shipments of oil and gas arriving in the country.
Iraq–Italy trade surpasses $2.7bn in 2025 as oil exports dominate
Trade between Iraq and Italy exceeded $2.7bn in 2025, Iraqi exports to Italy were heavily dominated by crude oil, which accounted for around $2.6bn of the total trade value.
Oil crashes nearly 10% after Trump claims Iran talks, Brent falls below $100
Brent crude crashes 10.57% below $100 after Trump claims Iran talks and suspends strikes, but prices remain up 42% on the month as Tehran denies any negotiations are underway.
ADNOC rolls out new LNG export strategy in response to war
Abu Dhabi's ADNOC Gas announced temporary operational adjustments to LNG production and export-traded liquids in response to ongoing shipping disruptions in the Strait of Hormuz.
Has Trump TACO'd on the Iran war?
Trump's five-day pause on Iran power plant strikes follows the classic TACO pattern of escalate-then-retreat, but analysts warn this war may be the one where the formula breaks down.
Egypt among most ill-equipped to withstand Iran war energy shock long term
Egypt is among the least equipped to absorb a long-term oil shock owing to weak macro buffers, leaving it highly sensitive to rising import costs, FX pressure, and fiscal strain.
Saudi officials model $180 oil scenario as Hormuz blockade persists
Saudi Arabian oil officials are modelling scenarios where crude prices could exceed $180 a barrel if supply disruptions in the Middle East continue beyond April, according to a report by the WSJ.
Refined oil products caught in Iran war energy shock maelstrom
The sharp rise in refined oil product prices is intensifying the economic fallout from the latest energy shock, compounding the effects of disrupted crude flows and tightening supply chains.
Most Gulf and European ships likely blocked from Hormuz despite Iran's 'open to all' claim
A Russian energy analyst says Iran's "open to all" Hormuz policy would in practice block most Gulf and European shipping, as Tehran keeps the definition of "enemy" vessels deliberately vague.
Iran's military command says doctrine has shifted from 'defensive' to 'offensive'
Iran's central military command says its armed forces have formally shifted from a defensive to an offensive doctrine, promising advanced weapons and "new surprises" as the war enters its fourth week.
Iran hits two Qatari LNG trains knocking out 17% of its export capacity
Major attack on Ras Laffan plant damaged two of its 14 LNG trains as well as a gas-to-liquids facility.
US waives sanctions on Iranian oil to curb price surge amid conflict
The US Treasury Department has issued another 30-day waiver on sanctions on buying sanctioned oil on March 20; this time freeing international traders to buy Iranian oil shipments, in the hope of calming international energy markets.
Turkey signals April 1 electricity and gas price hikes ahead
Turkey’s government will evaluate electricity and natural gas prices that apply as of April 1, energy minister Alparslan Bayraktar said on March 18 during a televised interview.
Drop in Iranian gas flows tests Turkey’s energy resilience
A sharp fall in Iranian gas supplies to Turkey following Israeli strikes on Iran’s South Pars field and subsequent regional tensions are testing Ankara’s energy security, although analysts say the impact is likely to be contained.
Saudi Arabia intercepts 27 drones launched towards the kingdom
Saudi air defences shoot down 27 Iranian drones, 26 of them over the oil-rich Eastern Province, as attacks on the kingdom's energy heartland continue into the conflict's fourth week.
Trump administration reviewing plans to seize or blockade Iran's Kharg Island
The Trump administration is reviewing plans to seize or blockade Iran's Kharg Island, which handles 90% of the country's oil exports, to force Tehran to reopen the Strait of Hormuz
Israel's South Pars missile strikes knock out a fifth of Qatar's LNG production
Iran’s missile strikes on Qatar’s Ras Laffan LNG complex at the start of the war sent a shock wave through the $400bn global LNG market. Israel’s attack on South Pars gas complex on March 18 has locked in the worst case scenario.
Iraq's Kurdistan resumes oil exports to Turkey at 250,000 bpd via Ceyhan pipeline
Iraq resumes oil exports from Kirkuk to Turkey's Ceyhan port at 250,000 bpd, reactivating a strategic northern pipeline as the Hormuz closure has cut off the country's main southern export route.
Iran begins charging vessels to transit Strait of Hormuz through IRGC-controlled 'safe corridor'
Iran begins charging up to $2mn per vessel for passage through a new IRGC-controlled "safe corridor" in the Strait of Hormuz, with India, China, Pakistan and Iraq among countries negotiating access.
ING: Energy markets brace for a prolonged supply disruption
There are few signs of de-escalation or a resumption in energy flows from the Persian Gulf. The market is having to reprice the duration of ongoing supply disruptions. We have updated our scenarios for oil and gas markets.
Iranian missile hits Israel's Bazan oil refinery in Haifa Bay
An Iranian missile scores a direct hit on Israel's largest oil refinery in Haifa Bay, as tit-for-tat strikes on energy infrastructure across the Middle East push Brent crude briefly above $119.
Iranian strikes cause 'extensive damage' to Qatar's Ras Laffan, knocking out 17% of LNG capacity
Iranian missiles cause extensive damage to Qatar's Ras Laffan LNG complex, knocking out 17% of capacity with repairs taking up to five years, as Brent crude briefly surges above $119 a barrel.
Arcius Energy plans to drill two Mediterranean gas wells in Egypt
Arcius Energy is set to begin drilling two new gas exploration wells in Egypt’s Mediterranean waters as part of a broader campaign to expand upstream activity
Iran Kharg Island oil exports continue at 1.4mn bpd, as US set to unfreeze sanctions on oil tankers
Iran's Kharg Island oil exports continue at up to 1.5mn bpd despite US strikes, with core loading infrastructure intact and shipments flowing to Asian buyers.
Libya discovers 1 trillion cubic feet of offshore gas in Bahr Essalam
Libya has announced a new offshore gas discovery estimated at around 1 trillion cubic feet.
Morocco says fuel reserves cover 30 days amid rising global prices
Morocco has sufficient fuel reserves to meet around one month of domestic demand. Global energy prices continue to rise due to geopolitical tensions and supply disruptions driven by the US-Israeli war on Iran
Strikes on Iran gas fields could force Turkey to ramp up LNG imports
Damage to Iran’s Asaluyeh gas processing facility in Bushehr province and part of the South Pars complex, after an Israeli missile strike on March 18, risks disrupting pipeline supplies to Turkey, potentially forcing Ankara to raise LNG imports.
Iran warns civilians near Gulf oil facilities to evacuate immediately, names Saudi, Qatari and UAE targets
Iran's IRGC orders civilians near Gulf oil facilities to evacuate and names specific targets in Saudi Arabia, Qatar and the UAE.
Egypt’s Petrojet secures $4.7bn pipeline contracts as it expands into new sectors
Egyptian oil services company Petrojet, the engineering and construction arm of Egypt’s petroleum sector, has secured contracts for future projects worth EGP 246bn ($4.7bn) through 2029, both domestically and internationally,
Turkish plastics industry hit by Middle East conflict as supply chains break down
Logistics and polymer input prices soar.
Israel strikes Iran's Asaluyeh gas complex, the country's largest gas processing facility
Israel strikes Iran's Asaluyeh gas processing complex in Bushehr for the second time.
Algeria boosts LNG exports as global supply disruptions reshape energy flows
Algeria’s liquefied natural gas (LNG) exports are surging amid escalating regional tensions and shipping constraints in the Strait of Hormuz
Rising oil prices threaten Tunisia’s economy amid Middle East tensions
Tunisia is increasingly exposed to the economic fallout of the ongoing Middle East tensions, mainly owing to the country’s reliance on imported energy.
Turkey emerges as revived route for Iraqi oil amid Hormuz crisis
Baghdad accelerates revamp of long-idle pipeline puy out of action more than a decade ago by bomb attacks.
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