MEOG - Middle East Oil & Gas

Turkey’s TBNC to boost gas output with five new wells

Turkey’s leading private natural gas producer unveiled plans last week to begin drilling operations for five new wells in Tekirdag, situated in the East Thrace region, and Silivri in the Sea of Marmara.

UKOG concludes no commercial rates of hydrocarbons present in Turkey’s Pinarova-1 well

Iraqi MP proposes suspension of oil exports to Jordan

Iraqi MP Mustafa Jabbar Sanad has proposed the suspension of oil exports to Jordan.

Contractors to complete Halfaya gas project during Q1

Two state-run Chinese companies expect to fully complete Iraq’s Halfaya gas processing plant by the end of the first quarter of 2024, according to the local Ministry of Oil.

Iran ready to form joint ventures in petroleum with Kuwait, envoy says

Iran’s ambassador to Kuwait has called for launching joint ventures in the petroleum industry amid a territorial dispute that has pitted the two neighbours against each other over a gas field in the Persian Gulf.

Venezuela, Iran, discuss cementing energy alliance

Caracas and Tehran have explored avenues to strengthen their energy alliance, Venezuela’s Foreign Minister Yvan Gil said after holding talks with visiting Iranian Oil Minister Javad Owji

US to seize over 500,000 barrels of Iranian illegally trafficked oil

The US Justice Department said that it was seizing more than 500,000 barrels of sanctioned Iranian crude oil that American officials said was illegally trafficked to provide funding for the country's Islamic Revolutionary Guard Corps.

MEOG: KPC considers project delays to plug deficit

GKP provides 2023 operational update

Gulf Keystone Petroleum has provided an operational update covering performance for 2023, during which the company was confronted by the suspension of crude exports, coupled with delayed payments from the KRG.

Iran chides Saudi Arabia, Kuwait for repeated statements on disputed gas field

Iran on January 31 criticised Saudi Arabia and Kuwait for regularly issuing statements about the disputed Arash gas field, saying such "unilateral claims" will not help resolve the dispute "based on common interests".

Iran launches oil refinery, bitumen plant in Bandar Abbas

Iran has brought online two petroleum projects in the southern port city of Bandar Abbas, totally financed by the private sector.

Iran calls for fresh talks with Kuwait over disputed gas field

Iran has expressed its readiness to resume talks over a disputed gas field in the Persian Gulf after Kuwait and Saudi Arabia rejected any Iranian stake in the offshore asset.

China’s refiners slow Iranian oil imports for second month over price row

China's independent refiners are holding off from buying Iranian crude oil for February as a stand-off over pricing and terms enters a second month, trading sources said.

Iranian crude sales hit 5-year high in 2023

Iran's exports of crude oil grew by roughly 50% in 2023 to a five-year high of about 1.29mn barrels per day on average, with the majority ending up in China.

Riyadh reverses call to expand production capacity

Saudi Arabia will retain a maximum sustainable oil output capacity of 12mn bpd, reversing a policy that has been in place since 2020