MEOG - Middle East Oil & Gas
Iran’s pick for oil minister pledges to boost crude exports fourfold
Iran’s prospective oil minister has vowed to quadruple the country's daily crude exports if he wins the parliamentary approval to take up the top post.
US Forces in eastern Syria put on alert
KPC opens trading office as merger momentum builds
The state-owned Kuwait Petroleum Corp. has become the latest Gulf NOC to expand its global trading footprint, opening a new trading hub in Dubai.
Crude reserves held by Iran’s oil giant grow, new estimates show
Fresh estimates suggest that crude oil reserves in the fields operated by the National Iranian South Oil Co. (NISOC) have increased remarkably, the CEO of the state-owned firm said.
Iran’s crude output hits new high in over five years, OPEC data shows
Iran's crude oil production reached a record high last month, marking the highest output in over five years, an OPEC monthly report showed, as the Middle Eastern producer aims to further bolster its output by the end of the year.
Venezuela wants to offer its oil reserves to the BRICS
Venezuelan Deputy Ambassador to the UN, Joaquín Pérez Ayestarán, has expressed optimism about Venezuela's potential inclusion in the BRICS group.
Iran developing century-old oil field in SW
Iran is working on developing an age-old oil field, aiming to extract crude oil sustainably after several futile attempts to tap into the reserve, said a senior manager at the National Iranian South Oil Co.
ADNOC Gas announces Q2 results and dividend increase
ADNOC Gas has reported financial results for Q2, exceeding market expectations with an adjusted net income of $1.19bn, marking a 21% year-on-year increase and driving a sizeable increase in dividends.
Saudi oil exports to China set to decline in September
Saudi Arabia's oil exports to China are expected to decrease to approximately 43mn barrels in September 2024, according to traders familiar with the matter.
Aramco plans $100mn research funding for KAUST
Despite controversy, Bapco Energies closes US financing
Bapco Energies has successfully closed a $500mn loan guarantee from US EXIM for a drilling campaign at Awali oilfield.
Mohsen Paknejad nominated as Iran’s oil minister
Mohsen Paknejad was nominated on August 11 as Iran’s oil minister by President Masoud Pezeshkian.
Iran’s crude oil arrives at new destinations
Iran has exported small quantities of crude oil to new destinations such as Bangladesh and Oman, as Iran is struggling to maintain sales amid US sanctions.
IRGC Navy adds new cruise missile and drone systems
Iran's Islamic Revolutionary Guard Corps (IRGC) has added 2,640 new missile and drone systems to its naval forces.
UAE bans some Russian shadow fleet tankers from entering its ports
The United Arab Emirates has banned access to its ports for ships belonging to Russia's shadow fleet, including tankers registered under the flag of the landlocked African country of Eswatini.
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