MEOG - Middle East Oil & Gas

Aramco signs $6bn in deals to strengthen Saudi supply chain

Iran’s household gas consumption jumps to new high

A cold spell sweeping northern Iran has driven domestic gas consumption to a new peak record amid warnings about supply disruption, said the head of the Gas Network Management Centre.

Aramco awards contracts for MGS expansion

Majority state-owned Saudi Aramco has kicked off the third phase of its Master Gas System network expansion, selecting contractors to carry out $10bn worth of work to improve its infrastructure and meet rising domestic demand.

Iranian petrol consumption surges to all-time high, says oil minister

Daily petrol consumption in Iran has jumped to a record high, Oil Minister Javad Owji said, as the country is gearing up for the Persian New Year (Nowruz) when vehicle fuel usage is expected

Qatar adds to LNG expansion with a North Field West

Flying in the face of market sentiment, Qatar is betting big on LNG, using newly-discovered reserves to fuel another major expansion

IDC completes another well at East Baghdad

The Iraqi Drilling Co. (IDC) this week reported that it has completed the drilling of the latest in a 27-well drilling campaign targeting the field for Chinese firm EBS at the East Baghdad oilfield.

Pakistani government greenlights building gas pipeline to import Iranian gas

Pakistan is moving ahead to build a pipeline that will transport natural gas from Iran, a move it says is needed to meet the country’s energy needs.

Iran’s natural gas extraction hits high of 1.07bn cubic metres

Iran’s daily natural gas extraction has hit an all-time high of 1.07bn cubic metres with the colossal South Pars gas (SP) field chipping in more than 65% of the total, an official with National Iranian Oil Co. (NIOC) said.

Chevron and partners agree on phase two expansion for Tamar gas field

MEOG: PIF buys 40% stake in Zamil Offshore

Aramco raises Jafurah resource estimate on back of new booking approach

Majority state-owned Saudi Aramco this week announced the discovery of additional resources at the Kingdom’s largest unconventional gas deposit, Jafurah.

US warns of environmental crisis following Houthi tanker strike

The US military has sounded the alarm over a looming “environmental disaster” following an assault by Yemen’s Houthi rebels on a cargo ship, triggering an chemical spill in the Red Sea.

Iraq prime minister reopens al-Shamal Refinery after decade shutdown

The Baiji complex – now renamed the al-Sumood (Perseverance) – was once Iraq’s largest refining centre and originally had three operating refineries on site with a total capacity of 290,000 barrels per day.

Pakistan willing to revive long-overdue gas pipeline, Iranian minister says

Iran’s Oil Minister Javad Owji said Pakistan was “interested” in undertaking its commitments in a long-overdue pipeline project aimed at delivering Iranian natural gas to the energy-hungry neighbour.

Sri Lanka repays $20m Iranian oil debt with tea

Cash-strapped Sri Lanka says it has exported tea worth $20mn to Iran to partially repay its $251mn oil debts, with Colombo saying Tehran's visiting foreign minister has expressed "satisfaction" at the deal.

Indications grow Turkey-Russia trade hit by tightened US sanctions

Turkish exports to Russia sank 30% in January. Turkey’s banks facilitating payments wary of being shut out of US financial system.

TPAO achieves record oil production in southeastern Turkey

Still no deal for Kurdish crude exports through Turkey

Israel responsible for sabotage strikes on gas pipeline, says Iran oil minister

Israel was behind twin sabotage attacks on Iran’s natural gas pipeline that halted supplies to at least three provinces last week, Oil Minister Javad Owji said, describing them as an “enemy plot that was foiled.”

Iran leaves Qatar behind in gas extraction from South Pars

Iran has overtaken Qatar in gas extraction from the shared South Pars field, the head of the Pars Special Economic Energy Zone (PSEEZ) said.