MEOG - Middle East Oil & Gas
Leading LNG player Qatar, key market Europe shun each other
The ramifications of heightened energy prices and the prevailing energy crisis have reshaped LNG contract preferences, favouring longer-term deals. This trend is not limited to certain players but applies to Qatar in particular.
Down $18bn, Aramco still posts $30bn in Q2 profit
Saudi Aramco’s profits took a beating amid a major drop in oil prices, but the company still performed favourably enough to dole out an additional $9.9bn dividend.
BGN Energy acquires a 19.97% stake at Mediterra Energy Corporation of Canada, focused on Egyptian oil
Iran, Armenia extend gas-for-electricity deal until 2030
Chevron and Genel withdraw from Kurdistan’s Sarta
US major Chevron Corp. and London-listed Genel Energy are pulling out of the Sarta concession in the Kurdistan Region of northern Iraq as the prolonged closure of a pipeline to the Mediterranean takes its toll.
Iran oil output to reach 3.5mn bpd as exports hit five-year high
The chief executive officer of the National Iranian Oil Company, Mohsen Khojastehmehr, has announced that Iran is set to achieve crude oil production of 3.5mn barrels per day by the end of September.
Iraq pushing for Qayyarah development
Iraqi Oil Minister Hayan Abdulghani reiterated the government and ministry’s commitment to the expansion of the Qayyarah oilfield.
Israel's gas export debate returns
Israel is revisiting a debate it had a decade ago about how much of the country’s natural gas reserves should be available for export. The issue is back due to the changing political and economic circumstances in the region and Europe.
Iraq to increase exports to Jordan to 15,000 bpd
Jordan’s Ministry of Energy and Mineral Resources (MEMR) announced this weekend that it will be increasing imports of crude oil from Iraq to 15,000 barrels per day, up from the current 10,000 bpd.
MEOG: Arabian Drilling picks up rig deal
ADNOC to acquire stake in Azerbaijan’s Absheron gas field
The Abu Dhabi National Oil Co. (ADNOC) this week agreed a deal to buy into its first international upstream project, through the acquisition of a 30% stake in Azerbaijan’s offshore Absheron gas field.
Iran says gas production now exceeds Qatar's
Iran's petrol consumption hits record high
Iran exports 45mn m3 of natural gas to neighbours daily
Iran is currently exporting 45mn cubic meters of natural gas to neighbouring countries, says the Gholam Abbas Hosseini, the acting head of National Iranian Gas Company.
Iran's annual petrochemical exports hit $16bn in previous Persian year to March 2023
Iran exported 27 mn tons of petrochemical products to target export destinations during the last Iranian year (March 2022-23), generating an estimate of $16 bn, says a deputy minister of oil.
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