MEOG - Middle East Oil & Gas

Iran's budget chief defends "realistic" oil price projection in draft bill

Iran’s budget director Davoud Manzour defended the “realistic” oil income projection in a draft budget bill that prioritises tax revenues over oil revenues for the next fiscal year.

Armenia, Iran to expand supplies under gas for electricity deal

Armenia is planning to ramp up the import of natural gas from Iran under a gas for electricity program, Armenian Minister of Territorial Administration and Infrastructure, Gnel Sanosyan, said.

Host UAE planned to use COP28 for oil deals

COP28 host, the United Arab Emirates, has planned to use its status at the UN annual climate conference in Dubai to make new oil and gas deals with as many as 15 member nations, according to leaked briefing documents obtained by the BBC.

Indonesia-operated MedcoEnergi to acquire ownership stake in two blocks in Oman

Indonesia-operated oil exploration company PT Medco Energi Internasional has received approval from the Sultanate of Oman to acquire a 20% ownership stake in two blocks in the country.

Chinese companies purchased the largest share of Iraq's oil

CENTRAL ASIA BLOG: Success in delivering Turkmenistan methane crackdown would be big moment for COP28

US and global institutions have been lobbying the “super-emitter” all year long. The moment of truth will arrive at the summit.

Raisi no-show suggests Iran irked by Turkey’s "words not action" posture on Gaza

Turkish companies provide Israel with 40% of its oil and at least 7% of its electricity. Tehran would like to see that stop.

Jordan explores gas alternatives with Gulf states amid concerns over Israeli reliability

The government of Jordan has reached out to Gulf states as it seeks potential alternative gas sources amid concerns about Israel’s reliability as a supplier, in the wake of the outbreak of its war against Hamas.

Iraq greenlights Nahr Bin Umar gas project

Iraq’s Cabinet this week approved the development of gas resources at the Nahr Bin Umar oil and gas field, which lies to the east of the supergiant Rumaila oilfield in the south of the country.

Iran’s petroleum sector 25.6% up in Q2, official data shows

Iran’s petroleum industry grew 25.6% in the second quarter of the Persian calendar year (June 22-September 22), contributing 16% to gross domestic product (GDP), official figures reveal.

Iran stores 3 bcm of natural gas amid shortage concerns in winter

Iran has stored about 3bn cubic metres of natural gas to “partially alleviate supply concerns” ahead of a fast-approaching winter, Deputy Oil Minister Mohsen Khojasteh-Mehr says.

UAE’s Dragon Oil to move to zero gas flaring in Turkmenistan by 2027

Daewoo signs MoU with Yemen covering LNG terminal, power plant

South Korea’s Daewoo Engineering & Construction has signed a memorandum of understanding with Yemen’s Ministry of Electricity and Energy to build a LNG receiving terminal in Yemen.

Abu Dhabi National Oil Co. could buy Wintershall Dea

MEOG: Aramco makes gas discoveries

Iran fully commissions second phase of onshore oil field

The Iranian Central Oil Fields Co. (ICOFC) has completed the second development phase of an onshore oil field in western Iran, adding 11,000 more barrels to the country’s daily crude output, the ICOFC director said.