MEOG - Middle East Oil & Gas
Iraqi ministry defends Basra-Haditha pipeline plans
The Iraqi Ministry of Oil this week defended the Basra-Haditha oil pipeline project, highlighting its economic benefits, job creation potential, and enhanced export flexibility.
Iran set to restore damaged rig in offshore South Pars gas field
The Alpha 13 rig in Iran's mammoth South Pars gas field in the Persian Gulf is set to be officially brought online, Oil Minister Javad Owji said on June 12.
Saudi oil sales to China to drop for 3rd consecutive month in July
Saudi crude oil sales to China are set to dial down in July for the third month on the trot, dropping to around 36mn barrels as plants take a time-out for maintenance and refiners look for cheaper oil deals.
Iran starts further developing mammoth oil field to boost output
Iran has begun the second phase of developing its Yadavaran oil field, aimed at pumping out 42,000 more barrels per day with a $350mn investment, Shana News Agency reported on June 12.
PTTEP picks up Wintershall Dea’s Ghasha stake
Thailand’s PTT Exploration & Production (PTTEP) this week acquired a 10% stake in the UAE’s offshore Ghasha concession from Germany’s Wintershall Dea, concluding the latter’s effort to divest.
Iran rejects GCC stance on disputed gas field, calls for technical talks with Kuwait
Iran has dismissed a statement by the Gulf Cooperation Council (GCC) about a disputed gas field in the Persian Gulf, calling it “counterproductive” and “futile.”
Sinopec confirms Aramco award for MGS-3 work
Sinopec has confirmed its award of a contract from Aramco to work on the expansion of Saudi Arabia’s gas network.
CPC joins Qatar’s NFE project, agrees offtake deal
CPC Corp. has been awarded a minority shareholding in Qatar’s North Field East (NFE) expansion project and signed an LNG supply deal.
Iran’s oil sales to China surged in May over higher refining margins
Iran’s crude exports to China hit a record high in May in seven months due to a recovery in refining margins.
Saudi Aramco sees strong international investor interest in latest $11bn share offering
Saudi Aramco, the state-owned oil giant, announced on June 9 that international investors have snapped up the majority of shares in its latest offering, which is set to raise $11.2bn.
Iranian oil contractors look to flee to Iraq in hope of better work environment
A significant shift of Iranian oil contractors and companies to Iraq, drawn by the appealing work conditions and hard currency incentives offered in developing Iraq's oil sector.
Iran opens gas supply projects ahead of snap presidential election
Iran’s outgoing government rushed to bring online several major gas projects on June 6, with a focus on the southeastern province of Sistan and Baluchestan in the run-up to an early presidential election later this month.
Aramco in talks with Tellurian and NextDecade as it seeks to expand US LNG footprint
State-run supermajor Saudi Aramco is holding negotiations with Tellurian and NextDecade as it looks to expand its LNG portfolio in the US.
OPEC+ extends cuts, to unwind voluntary limits
OPEC+ has extended most of its cuts through 2025, but will begin to unwind voluntary additional restrictions
QatarEnergy signs naphtha supply deal with Idemitsu Kosan
QatarEnergy has signed a 10-year deal to supply naphtha to Japan’s Idemitsu Kosan
Follow us online