MEOG - Middle East Oil & Gas

Oil prices jump on Iran missile attack on Israel

Oil prices jumped by 4% on October 1, following an unprecedented missile attack by Iran as it was preparing to launch a missile attack on Israel.

Iran trumpets self-sufficiency in gas transfer equipment

Iran has reached the threshold of self-sufficiency in making equipment needed to transfer and deliver natural gas to customers nationwide, the CEO of the Iranian Gas Transmission Co. (IGTC) said.

Iranian president locks in gas pipeline deal with Russia

Iranian President Masoud Pezeshkian on September 30 hailed a recent gas supply deal with Russia while slamming Israel for as he met Russian Prime Minister Mikhail Mishustin in Tehran.

Saudi considering move to regain oil market share

Oil prices contracted late last week following a report suggesting that Saudi Arabia is preparing to increase output to regain market share, even if it means a price drop.

MEOG: Aramco to launch another bond

Oil exports earn $23.2bn for Iran in H1, customs office says

Iran exported $23.2bn worth of crude oil in the first half of the current Persian calendar year (March 20-September 21), averaging around $3.87bn monthly.

Turkish energy importer BOTAS in talks with Iran for long-term gas supply

Turkey's energy firm BOTAS has recently been in talks with the National Iranian Gas Co. (NIGC) to import natural gas.

Saudi Arabia to abandon $100 per barrel crude target, aims to boost market share

Saudi Arabia is preparing to drop its unofficial $100 a barrel oil price target as it plans to increase output to regain market share, even if it means lower prices.

US targets Iranian oil sales with fresh sanctions

The US Treasury Department’s Office of Foreign Assets Control (OFAC) on September 25 imposed sanctions on over a dozen entities and vessels for their role in transporting Iranian crude oil and liquefied petroleum gas (LPG) to Syria and East Asia.

Kuwait plans petrol price hike for expatriates, citizens exempt

Kuwait's government is preparing to raise petrol prices for expatriates in a move to align costs with global market rates.

Gazprom chief visits Iran for gas related talks

Alexei Miller, the head of Russia’s energy giant Gazprom, has travelled to Iran on a “working visit,” the company said.

46 new wells drilled in Iranian oil, gas fields in six months

The National Iranian Drilling Co. (NIDC) has drilled 46 offshore and onshore wells in oil and gas fields across the country over the past six months.

Energy transition slows as global oil and gas industry refocuses on fossil fuels – report