MEOG - Middle East Oil & Gas
Iraq plans new projects to reduce gas import reliance
Iraq plans to inaugurate new gas projects in 2024 aimed at bolstering natural gas output and reducing reliance on gas imports, according to the country’s President Abdul Latif Rashid.
NIOC ramping up production at Sepehr and Jufair
The National Iranian Oil Co. has announced plans to double crude oil production from the Sepehr and Jufair oilfields, with output expected to surge to 100,000 barrels per day following the second phase's inauguration.
KOC seeks consultancy bids for Bahra oilfield expansion
The state-owned Kuwait Oil Co. (KOC) is launching bids for consultancy services aimed at accelerating the development of the Bahra oilfield, situated in the northern reaches of the country.
OPEC+ members roll cuts up until mid-year
The oil-producing group will maintain its current output quotas for another three months at least despite geopolitical uncertainty continuing to prop up oil prices
Turkmenistan: Kabul market
Afghanistan wants to show it is open for business and is willing to be a good neighbour. This and more in this week's Eurasianet Akhal-Teke Bulletin.
Iran's energy consumption twice the global average
The energy consumption in Iran is twice as high as the global average, and it continues to increase.
Turkish terminal freezes Russian oil business
Mediterranean facility Dortyol recently sprung to attention when US senators claimed “masked Russian oil” supplied via facility even ended up in US warships.
Saudi Arabia announces extension of voluntary cut until June
Saudi Arabia announces extension of voluntary cut until June
Iraq extends the voluntary reduction in oil production until June 2024
The Iraqi Ministry of Oil announced in a statement on March 3 that it will continue its voluntary oil production cut by 220,000 barrels per day
Iran, Iraq forge oil and gas partnership at GECF summit
Iran and Iraq signed a deal to solidify collaboration in the oil and gas sector at the Gas Exporting Countries Forum (GECF) summit in Algeria this week.
S&P sees growth plunge for GCC non-oil sector, rebound for O&G
S&P sees growth plunge for GCC non-oil sector, rebound for O&G
‘Unilateral sanctions’ threaten global energy security, says Iran minister
Iran’s Oil Minister Javad Owji warned that “unilateral sanctions” could jeopardise global energy security.
MEOG: IDC completes East Baghdad well
Iran ready to become ‘energy hub’, Raisi tells major gas forum
Iranian President Ebrahim Raisi signalled his country’s readiness to become an “energy hub” to connect regional gas producers with customers.
Parliamentary elections in Iran: lowest turnout since 1979 revolution
Voter turnout in Iran’s parliamentary elections is reportedly at 40%, according to semi-official sources from Iran on March 2.
Potential Iranian ‘gas hub’, energy swap with Russia on the agenda
Iran said talks were underway with key regional producers to set up a “gas hub” on the country’s Persian Gulf coast amid ongoing negotiations between Tehran and Moscow to work out a deal on oil and gas swap.
US sanctions may not apply to gas pipeline project with Iran
Pakistan said the US sanctions might not apply a pipeline set to be laid to import Iranian natural gas, days after Islamabad gave the go-ahead to launch the long-delayed project.
Iraq pushes for energy independence
Iraq’s government has reopened the country’s North Refinery in Baiji as part of a plan to move away from a dependence on fuel imports.
Iran and Russia ink 19 economic MoUs, including energy
Iran and Russia have signed 19 memoranda of understanding, including four MoUs on energy cooperation, during a high-level economic meeting in Tehran
Iran’s gas supply to Iraq hampered by cold wave
Talks for ADNOC OMV merger stall
Talks for a planned $30bn merger between Abu Dhabi National Oil Company’s chemical arm and Austrian oil and gas company OMV have stalled in recent weeks, according to a report made by the Financial Times.
Iran imported $4bn worth of vehicle fuel over 11 months, says union head
Iran has imported $4bn worth of vehicle fuel during the current Persian calendar starting on March 21, a union chief said, amid reports of more imports for the looming New Year holiday.
Iran, Russia’s pipeline mammoth sign MoU on joint oil projects
Iran’s Oil Ministry has signed a memorandum of understanding with a Russian pipeline giant collaborate on technology research and carry out joint petroleum projects.
Iran can become gas hub with Russian partnership, says Iranian ambassador
Iran could become a gas hub with Russia’s involvement to cover a vast region from West Asia to East and Southeast Asia, Tehran’s ambassador to Moscow said, ahead of a meeting of the Iran-Russia joint economic committee in the Iranian capital.
Turkey’s natural gas imports fall 8% in 2023
Iran imported $4bn worth of vehicle fuel over 11 months, says a union head
Iran has imported $4bn worth of vehicle fuel during the current Persian calendar starting on March 21, a union chief said, amid reports of more imports for the looming New Year holiday, Nowruz.
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