MEOG - Middle East Oil & Gas
Iraq remains hopeful of Eridu plans despite uncertainty
Iraq’s Minister of Oil, Hayan Abdulghani, this week belatedly announced the commerciality of the Eridu oilfield in Block 10, reiterating plans for its phased development.
Russian oil exports to UAE growing
Ship-tracking data indicate that the United Arab Emirates (UAE) is importing millions of barrels of Russian crude oil, despite pressure from the United States to isolate Russia, Reuters reported on March 6.
Aramco signs $6bn deal to support Korean firms in-Kingdom
Saudi Aramco has agreed a $6bn framework deal with the Export-Import Bank of Korea to assist South Korean companies in securing Saudi contracts. The three-year agreement was signed by Eximbank's head Yoon Hee-Sung and Aramco CFO Ziad Al-Murshed.
OQ sets Abraj price as IPO is over-subscribed
The drilling division of the Omani state oil company, OQ, has revealed that its initial public offering has been oversubscribed by 8.7 times after strong demand from investors, both local and international.
Iran hit with new US sanctions on petroleum, petrochemical shipping
The US Treasury and State Department issued statements identifying two China-based companies along with several based in the UAE and Vietnam and 20 vessels that will have their US assets frozen and barred from doing business with US firms.
Venezuela’s use of imported US naphtha rising as shipments of Iranian condensate decline
Venezuela has become increasingly dependent on naphtha imported from the US as a diluent for heavy crude oil as condensate shipments from have declined.
No deal with Iran for restoration of cameras at nuclear sites yet says UN inspectorate chief
TotalEnergies expands UAE upstream portfolio
Iraqi minister reiterates gas expansion intention
Iraq’s Deputy Prime Minister for Energy Affairs and Minister of Oil has emphasised the government’s and the ministry’s commitment to supporting investment projects in associated and free gas, exploration, refining industries and infrastructure.
Jordan keen to raise oil imports from Iraq
Jordan aims to boost its oil imports from Iraq, with negotiations currently underway to renew the memorandum of understanding (MoU) between the two countries for the supply of Iraqi crude oil.
MEOG: Abraj signs PNZ deal
Global energy sector emissions reach new high in 2022
Global energy-related CO2 emissions reached a new record in 2022 of 36.8bn tonnes, inching up 0.9% from the previous year’s level, the International Energy Agency reported last week.
Pentagon says Iran able to assemble fissile material for atomic bomb in less than two weeks
Iraq finally finalises fifth licensing round awards
Iraq’s Oil Ministry has belatedly signed six oil and gas contracts that were awarded in the fifth licensing round (5LR) in 2018. The signings represent a major step forward for the country’s plans to boost domestic energy production.
UN inspectors confirm ‘near nuclear weapon-grade’ uranium particles found in Iran
Tehran denies discovery is meaningful. Israel steps up sabre-rattling. CIA chief says his agency has no evidence Iranians are moving to “weaponise”.
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