MEOG - Middle East Oil & Gas

New pipelines aim to boost Iraqi exports

New pipelines to the West and South-East promise to allow Iraq to raise export volumes, though construction will be both time-consuming and costly.

Iran, Iraq ink energy deals to cement ties

Iran and Iraq signed a raft of oil and gas memoranda of understanding (MoUs) aimed at boosting cooperation through joint projects, investment, and the exchange of technical expertise.

Iran urges foreign envoys to bring firms to its oil expo

Iran’s Oil Ministry brought together foreign ambassadors and economic attachés based in Tehran in a bid to drum up interest for the upcoming Iran Oil Show 2025, as it attempts to woo international investors.

Iraq leads OPEC+ overproduction in March

Managing methane emissions in the Trump era: interview

Beyond an earnest desire to minimise the environmental impact of operations, it also pays for investors to take the issue seriously, Clayton Nash, the director of emissions solutions at Colorado-based Tegre, tells Newsbase.

Turkey's industrial output contracts 1.6% m/m in February, likely positive effects of lower oil prices ahead assessed

Turkey's industrial production contracted 1.6% m/m in February on a seasonally and calendar-adjusted basis, official data shows.

Aramco makes new oil and gas discoveries

The discoveries, made in the Eastern Province and the Empty Quarter, include six oilfields, two oil reservoirs, two natural gas fields and four natural gas reservoirs, underscoring the vast hydrocarbon potential of the Kingdom.

KJO reportedly extends bid deadline for contested gas field

Al-Khafji Joint Operations firm has granted contractors additional time to prepare proposals for one of the offshore EPC packages of the Dorra gas field development.

Chinese-Iraqi venture restarts idle well at Ahdab using horizontal drilling in Iraq

Iraq's Midland Oil Company has successfully restarted a previously idle vertical oil well in the Ahdab field using horizontal drilling technology.

China increases Iranian oil imports to new high as sanctions threat looms

China’s imports of Iranian crude soared in March to a record high, with buyers stocking up on supplies amid mounting fears that the United States might impose further sanctions on the seaborne trade.

Iran’s oil minister to visit Iraq amid US pressure on energy ties

Iranian Oil Minister Mohsen Paknejad is set to head to Iraq in the coming days in a bid to bolster bilateral cooperation, just as Washington has ramped up efforts to lean on Baghdad to cut energy imports from its eastern neighbour.

Iran to hold investment meeting with foreign envoys next week

Iran’s oil ministry is set to hold a high-level meeting with foreign ambassadors in Tehran next week, aiming to drum up foreign investment in the country’s petroleum sector, Oil Minister Mohsen Paknejad said.

Lukoil discusses production increase plans with Iraqi prime minister

Russian oil company Lukoil has discussed plans to increase production in Iraq with Prime Minister Mohammed Al-Sudani.

OPEC output slips in March as sanctions hit Iran, Venezuela and Nigeria

OPEC oil production declined in March, with fresh disruptions in Iran, Venezuela and Nigeria outweighing modest gains elsewhere, just weeks before the alliance was set to begin easing its voluntary output curbs

Iranian crude output jumps 7% despite sanctions, deputy oil minister says

Iran’s crude oil production has surged by 7% since the government of President Masoud Pezeshkian took office in August, Deputy Oil Minister Hamid Bovard said in remarks carried by state news agency IRNA on April 9.

Iraq needs oil prices above $90 per barrel, says IMF

Iraq requires an oil price of more than $92 per barrel to achieve balance in its 2025 budget.

Aramco, Sinopec and Yasref sign framework agreement for petrochemical expansion

Saudi Aramco, China Petroleum & Chemical Corporation (Sinopec) and Yanbu Aramco Sinopec Refining Company (Yasref) have signed a framework agreement paving the way for a major petrochemical expansion at the Yasref refinery in Yanbu.

Saudi ADES extends offshore drilling contracts in Egypt

Saudi Arabia's ADES Holding Company has extended contracts for three of its offshore drilling platforms in Egypt, with an expected value of $179.6mn.

US warns of harsher oil sanctions on Iran if nuclear talks fall through

US Energy Secretary Chris Wright warned of harsher sanctions on Iran if the two countries fail to strike a deal in upcoming talks over the Islamic Republic’s nuclear programme.

Iran to launch guarantee fund to attract investment to petroleum sector

The National Iranian Oil Company plans to set up a dedicated guarantee fund later this month to shore up financing for oil and gas projects as part of a push to secure investment amid sweeping US sanctions.