MEOG - Middle East Oil & Gas
Global diesel shortage pushes prices over $1,000 per tonne
Oil refineries worldwide are grappling with challenges in meeting the demand for diesel, a crucial fuel that powers various sectors of the global economy, Bloomberg reported on September 19.
IDC completes another well at Zubair
The state-owned Iraqi Drilling Co. (IDC) this week announced that it has completed the drilling of a new well at the Zubair oilfield in the south of the country.
Iran, Saudi Arabia, Kuwait locked in escalating dispute over shared gas field
The ongoing dispute revolves around the allocation of resources in the strategically located offshore field, a conflict that threatens to further strain relations in the region.
MEOG: OQ posts $1.1bn net profit
Iran seizes two oil and gas tug boats in Persian Gulf
Iran’s Islamic Revolutionary Guard Corps (IRGC) naval forces in the Persian Gulf region apprehended two oil and gas “tankers” in the Persian Gulf under supposed anti-smuggling operations, IRNA reported on September 15.
Iran's petrol crisis: low quality, high demand
A new leaked document from the Iranian government has indicated that only 20% of the country’s petrol is Euro-4 or Euro-5 compliant.
Iran's oil minister announces it will decide where to sell its crude
Iran is set to determine its oil export destinations, marking a significant shift in sales patterns, Oil Minister Javad Owji announced at the IranPlast Exhibition in Tehran on September 17, Shana reported.
China accounts for 80% of Iran's crude oil exports
Duqm oil refinery approaches completion
Kuwait to increase role of local contractors in output expansion
Kuwait is looking to raise the profile of domestic oil services firms as part of efforts to raise oil production capacity in the country.
Iraq approves ExxonMobil’s departure from West Qurna-1
The Iraqi Council of Ministers last week gave its approval for a deal that will see the US super-major relinquish its 32.7% operated stake in the supergiant West Qurna-1 (WQ1) oilfield project.
Israel sees big role in planned India-Middle East-Europe link
Israeli Prime Minister Benjamin Netanyahu has welcomed the announcement from the G20 meeting in New Delhi that an economic corridor is to be established that will run between India, the Middle East and Europe.
Masirah resumes production at Yumna offshore Oman
Masirah Oil Ltd (MOL) has resumed oil production at Oman’s offshore Yumna field following a temporary suspension of operations caused by a leak in a flowline on August 9.
OQ posts $1.1bn net profit for first-half 2023
Omani NOC OQ this week provided an operational update covering the first half of 2023.
ADNOC Gas signs LNG supply deal with PetroChina
ADNOC Gas, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced on September 8 that it has signed an LNG supply agreement with PetroChina International Company.
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