MEOG - Middle East Oil & Gas

US Treasury imposes sanctions on Iranian LPG magnate and related companies

Iran rolls out $135bn investment plan to lure petroleum investors

Iran held an international event aimed at raising $135bn in investment for the development of 200 petroleum projects across the country, despite being under the shadow of sweeping sanctions.

Iraq's oil ministry completes drilling and rehabilitation of 66 wells

The Iraqi Drilling Company, a subsidiary of the Ministry of Oil, announced the completion of drilling and rehabilitation work on 66 wells across various oil fields.

BLOG: LNG gets politicised

We are currently witnessing a collapse in LNG trade between the US, the world’s largest exporter of the super-chilled fuel and its biggest importer, China – an event with profound and far-reaching consequences for the global LNG market.

Iran could attract US pension funds for oil industry investment

The spokesperson for Iran's Oil Products Exporters Union has suggested that Iran could attract capital from US pension funds into its oil industry.

China’s CNOOC bypasses US and signs LNG deal with ADNOC amid escalating tariff war

State-run China National Offshore Oil Corporation has come to agreement with Abu Dhabi National Oil Corp to purchase LNG from the Gulf company.

ADNOC Drilling wins offshore services deal amid expansion drive

ADNOC Drilling has won a five-year offshore services contract from ADNOC Offshore

Aramco signs raft of offshore LTA extensions

Aramco has confirmed extensions to its crucial long-term agreements.

Turkish refiner Tupras resumes imports of Russian oil

Turkey’s largest refiner Tupras has resumed buying Russian Urals crude following the decline in its price on the oil market.

Iran pledges to offer solid guarantees for petroleum investors

Iran’s state-run energy giant vowed to give firm guarantees to protect investments in its upstream oil and gas projects, as the country is set to host a major international conference aimed at raising fresh capital.

Iraq surpasses Saudi Arabia in oil exports to US

The US Energy Information Administration announced on April 20 that Iraq’s oil exports to the US exceeded those of Saudi Arabia during the past week.

Goldman Sachs warns of potential further devaluation of Nigerian naira amid oil price pressures

Goldman Sachs has warned that Nigeria’s naira could face further devaluation as persistently low global oil prices undermine the government's 2025 budget projections.

Iraq’s North Oil Company increases Jambor field production to 65,000 bpd

Production at the North Jambor field has been raised to over 65,000 bpd following the completion of activation work on several wells.

US imposes sanctions on Chinese refinery in blow to Iranian oil sales

The United States slapped sanctions on a second Chinese teapot refinery and a handful of foreign firms and oil tankers, in a series of efforts to disrupt Iranian oil exports and choke off Tehran’s vital revenue.

Yasref, Aramco, Sinopec sign agreement for petchem expansion

Saudi Aramco, Yasref and Sinopec have signed a Venture Framework Agreement (VFA) to prepare for the expansion of a petrochemical facility at the Yasref refinery in Yanbu, Saudi Arabia.

Iran’s sovereign fund to pump $18bn into energy sector to help ease power, fuel deficits

Iran’s National Development Fund plans to pour $18bn into the country’s energy sector this year, a senior official said, as Tehran scrambled to head off growing shortages in electricity, gas and vehicle fuel.

Turkey’s Tupras reportedly resumes Russian Urals crude purchases as oil cost falls below price cap

Number one Turkish oil refiner Tupras has reportedly returned to buying Russian Urals crude cargoes amid falling world oil prices.

Iraq’s new crude oil offshore pipeline connects three strategic export terminals

The Iraqi Ministry of Oil outlined the details of the third offshore pipeline project on April 16, confirming that the project will boost the crude oil export capacity from the southern region to 2.4mn bpd by connecting three key outlets.

UAE expands its role as largest strategic investor in Africa's energy sector

The United Arab Emirates continues to expand its presence in Africa’s energy industries as part of a broader strategy that has established it as the continent’s leading investor, surpassing China.

Iran calls itself ‘investor’s paradise’ ahead of petroleum forum

A senior Iranian oil official talked up the country as a “paradise of opportunities for investors” ahead of a major international forum set to lay out a wide range of investment prospects in Iran’s petroleum sector.

Iran remains OPEC's No. 3 producer despite US pressure

Iran’s oil production edged up for a third straight month in March, allowing the country to cling on to its rank as OPEC’s third-largest producer.