MEOG - Middle East Oil & Gas
Iran to get 300 mcm per day of Russian gas under long-term deal, oil minister says
Iran will receive 300mn cubic metres per day of Russian gas under a 30-year supply deal, Iranian Oil Minister Javad Owji said.
With pipeline closed, Kurdistan resorts to smuggling oil at rate of up to 200,000 bpd
Crude oil produced in the northern Iraqi region controlled by the autonomous Kurdish Regional Government (KRG) is being smuggled to Iran and Turkey using road tankers at a rate of 200,000 bpd or more.
Iran's President-elect Masoud Pezeshkian offers olive branch to industry and workers
Iran's President-elect Masoud Pezeshkian has pledged to engage the country's private sector in the nation's economy and production.
BP: oil demand and emissions will peak in 2025
Oil super major BP's latest outlook on global energy trends suggests a potential peak in worldwide oil demand as early as next year, a development that could mark a significant turning point in global carbon emissions by 2025.
KRG continues to wait for breakthrough between Baghdad, IOCs
Erbil is still waiting for a breakthrough agreement between Baghdad and IOCs operating in the Kurdistan region.
Global oil supply to continue outstripping demand in H2: IEA
Global oil demand in the second half of this year will be higher than supply, putting upward pressure on prices.
Saipem wins offshore engineering and maintenance work for Aramco
Italian engineering firm Saipem has been awarded two projects to support the development of oilfields offshore Saudi Arabia by state oil giant Aramco.
Jordan seeking to renew Iraqi crude supply deal
Jordanian Minister of Energy and Mineral Resources Saleh Kharbsheh was quoted by state media this week as saying that negotiations are underway with Iraq to renew a memorandum of understanding for crude supplies.
The world needs $8.2 trillion in upstream gas investment to meet demand in 2050: GECF
Meeting projected global demand for natural gas in 2050 will require some $8.2 trillion in investment in exploration and production.
Powering change: Iran's electricity crisis and the path forward under Pezeshkian
Iran’s mismatch between energy supply and consumption has led to industrial power outages and blackouts for residential users, leading to increased poverty, economic losses and social unrest.
KOC makes giant oil and gas discovery
KOC has reported the discovery of an oil and gas deposit holding reserves of around 3.2bn boe.
MEOG: North Oil raises Kirkuk output
Iran’s oil output surges for 2nd straight quarter in 2024, OPEC report shows
Iran’s crude oil production continued to rise in the second quarter of 2024, an OPEC monthly report showed, as the Middle Eastern producer seeks to push output up further by the end of the year.
Iran begins drilling 35 wells in South Pars to increase gas extraction
Iran has begun to drill 35 infill wells in the mammoth South Pars gas field to boost its extraction from the shared flagship asset.
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