MEOG - Middle East Oil & Gas
Iran voices support for OPEC+ decisions as policy meeting postponed
Iran will back any decision by the Organization of the Petroleum Exporting Countries and allies, known as OPEC+ in its upcoming meeting, Oil Minister Javad Owji said, hours before the oil cartel delayed the weekend session to November 30.
Oman LNG signs nine-year supply deal with BP
State-run Oman LNG has signed a sales and purchase agreement with UK energy firm BP to supply it with 1mn tonnes per year of LNG for a nine-year period.
Iran's petrodollars to slide 8.1%, draft budget bill shows
Iran’s oil and gas revenues will see a drop of more than 8.1% in the next Persian calendar year starting on March 20, 2024, a draft budget proposed by the government shows.
Lukoil to take full control of Eridu, awards WQ-2 gas deal
The Russian NOC is doubling down on upside at oilfields in southern Iraq, and receiving Baghdad’s support
US military transports oil tankers from Syria to Iraq
Iran's output targets 'unattainable' without investment, oil minister says
The proposed Seventh Development Plan – setting Iran’s policies in the economy and other major areas – calls for crude production to reach 5.7mn barrels per day by 2029. Oil Minister Javad Owji calls that goal unattainable without investments.
Aphrodite deal evades Cyprus, but optimism persists
The government of Cyprus and US energy giant Chevron have yet to publicly acknowledge any sort of agreement on the development of the offshore Aphrodite gas field despite a deal deadline set for November 20.
Turkey and Algeria extend LNG supply contract by three years
Iran carrying out 19 projects to eliminate gas flaring
Iran has launched 19 short-term and long-term projects to collect associated petroleum gas (APG) to put an end to gas flaring, the Iranian Oil Ministry’s environment chief said.
Political turmoil in Iran's oil sector as minister's potential resignation sparks controversy
Speculation over the potential resignation of Iran's Oil Minister, Javad Owji, has intensified in recent days, with key allegations of corruption and resistance against President Ebrahim Raisi's directive for the removal of two senior oil directors.
Pakistan, Iran to resume talks over stalled gas pipeline
Pakistan and Iran will resume discussions in the forthcoming weeks to revive a troubled gas pipeline project, amid a looming deadline that could cost Islamabad billions of dollars in penalties.
Saudi Aramco makes Empty Quarter gas discoveries
Saudi Arabia’s energy minister has announced the discovery of two new gas fields in the Rub’ Al Khali (Empty Quarter), the vast desert that covers most of the kingdom’s eastern province.
Iran completes pilot shale oil extraction project
National Iranian Oil has successfully completed a pilot project to extract crude from shale oil reserves, according to the company's head of exploration, Mehdi Fakour.
President of Iraq arrives on first official visit to Azerbaijan
The president of Iraq, Abdel Latif Rashid, has begun an official visit to Azerbaijan. He and his Azeri counterpart, Ilham Aliyev, have discussed oil exports through the OPEC+ consortium and other frameworks for exports.
Turkmenistan ready to ramp up gas exports to Iran, foreign minister says
Turkmen Foreign Minister Rasit Meredow signalled his country’s willingness to expand natural gas export to Iran, three days after Iranian Oil Minister Javad Owji hinted at ongoing talks for a “bigger” swap deal.
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