MEOG - Middle East Oil & Gas
Egypt considers leasing second floating LNG storage unit to secure gas buffer
Egypt is evaluating chartering a second floating storage unit (FSU) with a capacity of 150,000 cubic metres in September 2026 to build an emergency natural gas buffer and hedge against delivery delays or potential declines in Israeli pipeline imports
Oman oil production jumps 11.3% as exports reach 181.9 mn barrels
Oman’s oil production rose 11.3% year on year in the first seven months of 2026, while crude exports climbed to nearly 182 mn barrels amid a sharp increase in average oil prices, Oman News Agency (ONA) reported on Sept 1.
Iraq PM orders subsidised fuel for generators after Baghdad strike
Iraq's Prime Minister Ali Faleh al-Zaidi has ordered private generators to receive subsidised fuel throughout September, following a strike by generator operators in Baghdad over fuel supplies.
Oil rises for second day as Hormuz disruption fears deepen
Oil rose for a second day as US-Iran hostilities deepened fears of prolonged disruption through the Strait of Hormuz, with Brent near $91 and only five commercial vessels a day crossing the waterway.
Iran begins rebuilding South Pars refinery
Iran has begun rebuilding the fifth refinery at its South Pars gas field, damaged in Israeli air strikes, with the operator targeting the return of part of its gas processing capacity by March 2027, the state-owned Pars Oil and Gas Co. (POGC) said.
Baghdad’s northern gambit tests Kurdish patience
Confronted with restored Kurdish flows and a revived Kirkuk-Baniyas plan, Iraq is redrawing its export map even as Erbil presses Baghdad on pricing and volumes.
Iran welcomes Kyrgyzstan proposal for joint oil refinery
Iran has welcomed a proposal to build a refinery in Kyrgyzstan for joint use, President Masoud Pezeshkian said during talks with his Kyrgyz counterpart.
Iran says Kharg oil hub remains operational after Trump AI video
Iran dismissed a video shared by US President Donald Trump purporting to show Kharg Island under attack, calling Trump’s posts “laughable” and saying oil operations on the key Persian Gulf export hub had not halted.
Oman gas network operator targets end-2027 completion of three pipelines
OQ Gas Networks (OQGN), the exclusive operator of Oman’s natural gas transmission network, is targeting completion of three major pipeline projects by the end of 2027 as it expands capacity to meet growing demand from key industrial hubs.
Asian diesel supplies to Africa to hit highest level in four and a half years in August
Asian diesel exports to Africa are set to reach their highest level in at least four and a half years in August, as disruption to Middle Eastern supplies forces African buyers to seek alternative cargoes.
Jordan keeps September fuel prices unchanged as treasury absorbs JOD224mn
Jordan has kept domestic fuel prices unchanged for September despite a rise in international crude oil and refined-product prices, particularly diesel and kerosene, with cumulative price differences borne by the government reaching about JOD224mn.
Iraq targets 400mn standard cubic feet per day at Akkas gas field
Iraq’s Ministry of Oil is targeting gas production of 400mn standard cubic feet per day at the Akkas gas field in Anbar province by the end of 2030, with an interim target of 143mn standard cubic feet per day by mid-2027.
Iran's foreign ministry calls US Larak strike a Charter violation, appeals to UN
Iran's foreign ministry has condemned the US strike on Larak Island as a violation of the UN Charter and appealed to the Security Council and secretary general, casting its missile retaliation on US bases in Jordan as lawful self-defence.
US strikes Iran's Larak Island, Iran fires missiles at bases in Jordan
Iran’s Islamic Revolutionary Guard Corps (IRGC) said a “rogue supertanker” caught fire after striking two sea mines in the Strait of Hormuz, hours after the United States attacked an Iranian island in the Persian Gulf.
Western Libya faces fuel depot and municipal shutdown threats as power crisis deepens
Escalating power cuts and prolonged load shedding across western Libya have triggered widespread civil unrest, with protesters threatening to shut down critical fuel distribution and municipal infrastructure
Jordan signs deal to supply Qatrana Cement with natural gas in 2027
Jordan’s National Advanced Natural Gas Company (WATANI) has signed an agreement with Al-Qatrana Cement to supply and distribute compressed natural gas (CNG) to the cement plant, with deliveries scheduled to begin in early 2027.
Syria sets route for Iraqi oil tankers heading to Baniyas
Syria’s Internal Security Command in Homs has designated a specific route for Iraqi oil tankers travelling to the Baniyas refinery, adding three main junctions along the Homs-Baniyas road to help regulate tanker traffic.
US imports of Iraqi crude fall to zero in latest August data
US imports of Iraqi crude fell to zero barrels per day (bpd) in the last week of August, down from 6,000 bpd a week earlier.
Iraq PM urges swift start to strategic oil export pipeline project
Iraqi Prime Minister Ali al-Zaidi urged the strategic importance of a planned crude oil export pipeline, saying the project would diversify the country’s export routes and strengthen its oil export capacity.
QatarEnergy extends force majeure on LNG deliveries to Italy’s Edison
Gulf LNG producer QatarEnergy has prolonged its force majeure status on deliveries of LNG cargoes to Edison until November.
Predator Oil & Gas prepares for onshore Moroccan MOU-6 drilling
Drilling plans for the MOU-6 well in Morocco are moving forward after Predator Oil & Gas (LSE:PRD) completed civil engineering work on the well pad and received crucial perforating gun explosives at a local port
Energean in talks to acquire BP’s Egyptian assets in potential $1bn deal
London-based gas producer Energean is in exclusive talks to acquire a portfolio of BP's Egyptian upstream oil and gas assets in a deal that could generate around $1bn for the British energy major
Egyptian Petrojet secures $22.7mn gas pipeline contract in Jordan
Egyptian energy services contractor Petrojet signed a $22.7mn Engineering, Procurement and Construction (EPC) contract to deliver a natural gas supply project for the Muwaqqar Industrial Development Zone south of Amman
Iran's Araghchi says US pressure won't work after Qatar talks in Tehran
Iran's Foreign Minister Abbas Araghchi says diplomacy with the United States can be revived only if Washington accepts that pressure does not work following a meeting with Qatari officials on August 27.
Iran ties full reopening of Strait of Hormuz to US halting regional wars, Rezaei says
Iran will fully reopen the Strait of Hormuz only if the United States helps halt wars across West Asia, particularly in Lebanon and Gaza, security chief Mohsen Rezaei says, hours before US Central Command claimed it had cleared the strait.
Iran ties full reopening of Strait of Hormuz to US halting regional wars, Rezaei says
Iran will fully reopen the Strait of Hormuz only if the United States helps halt wars across West Asia, particularly in Lebanon and Gaza, security chief Mohsen Rezaei says, hours before US Central Command claimed it had cleared the strait.
US sanctions four India-based firms, three nationals over Iran petrochemical trade
The United States has imposed sanctions on four India-based companies and three Indian nationals over their alleged involvement in Iran’s petroleum and petrochemical trade as part of Washington’s newly launched “Operation Economic Outcast”
Iraq secures $500mn in new oil and gas contracts in July 2026
Iraq awarded oil and gas contracts worth a combined $500mn in July. The new project awards across the Middle East and North Africa fell to $20.4bn from $26.2bn in June.
Iraq seeks alternative route for Basra crude as Hormuz disruption hits exports
Iraq’s State Organisation for Marketing of Oil (SOMO) has launched a tender to sell Basra crude cargoes for September loading outside the Strait of Hormuz.
Israeli oil and gas subsidiary Ithica Energy to join FTSE 100
Ithaca Energy, the UK exploration and production arm of Israel's Delek Group, will join the FTSE 100 in the London Stock Exchange's September reshuffle, becoming one of the few Israeli-owned companies ever admitted to the index.
Iran vows to clear funding hurdles for South Pars rebuild
Iran’s economy minister pledged to remove any barrier blocking funds for the reconstruction of damaged facilities at the South Pars gas field, as the country races to restore gas-processing capacity before winter.
Russian analyst warns US financial threats against Iran's partners risk dollar
A Russian economist warns that cutting Iran's trading partners out of the global financial system would damage confidence in the US dollar, citing the exposure of China and Oman.
Iran’s state driller fast-tracks fleet overhaul
The National Iranian Drilling Co. (NIDC) is pushing ahead with a major programme to modernise its drilling fleet, with six rigs upgraded in recent months and two new heavy rigs set to be built with domestic technology, its chief executive said.
Iran hands over South Pars war-hit refinery to local firms for reconstruction
Iran’s Pars Oil and Gas Co. (POGC), the main developer of the South Pars gas field, has awarded a contract to a consortium of local firms led by Bank Shahr to rebuild its fifth refinery, one of four facilities damaged in Israeli air strikes.
Libya signs production-sharing deal with Chevron for Sirte basin
Libya’s Tripoli-based Government of National Unity (GNU) has signed a production-sharing agreement with US energy major Chevron (NYSE:CVX) to develop the country’s oil and gas resources
Iran's petrol consumption hits record as Tehran queues lengthen
Iran's petrol consumption hit a record 26.2mn litres in Tehran in a single day as queues lengthened, though officials insist fuel supply remains stable.
Egyptian president El-Sisi directs incentives for foreign oil and gas partners
Egyptian President Abdel Fattah El-Sisi has instructed the government to provide targeted incentives for foreign oil and gas partners to accelerate exploration, field development, and production rates in Egypt
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