MEOG - Middle East Oil & Gas
Severe winter weather drives up Turkey’s natural gas imports by 17% y/y in February
Severe winter weather sent Turkey’s natural gas imports up by 16.6% y/y in February to 6.43bn cubic metres, according to data from state-owned pipeline operator BOTAS.
OPEC+'s rise in oil output could trigger sharp fall in oil prices in 2027-28: Alfa Bank
OPEC+'s plans to raise oil production amid the US’ new protectionist trade policies could lead to a sharp decline in Brent crude prices in 2027-2028.
Iran signals readiness for crude oil swaps with neighbours
The Iranian Oil Pipelines and Telecommunications Co. (IOPTC) is ready to carry out crude oil transfers and swaps with neighbouring countries, the CEO of the state-owned firm said.
Iran and Niger sign joint cooperation document
Chinese refineries handle record crude in March
It remains to be seen whether this reflects a genuine recovery in domestic demand.
State drilling firm digs eight oil, gas wells in Iran during April
The National Iranian Drilling Co. (NIDC) drilled eight oil and gas wells in April in the country’s south, a senior company official said.
Iraq explores revival of Kirkuk-Baniyas pipeline
Iraq has resumed discussions with Syria over the rehabilitation of an oil pipeline that could significantly enhance its export capabilities
Turkey’s offshore gas field boasts output increase
Turkey’s offshore Sakarya gas field has hit a production rate of 9.5mn cubic metres per day, a milestone for the country.
Iraq cancels Ukrainian firm’s contract Akkas
Iran’s PEDEC exceeds oil output targets in western fields by 3mn barrels
A state-run Iranian company said it had managed to churn out 3mn barrels of crude oil beyond its contractual obligations from three western oil fields over the past year.
Unemployed Iraqi engineers block Lukoil’s site in Basra
Unemployed engineers from northern Basra demonstrated today in front of the West Qurna 2 oil field operated by Russian company Lukoil on April 27.
Iran, Russia strike energy deals, including on gas supply, oil field development, nuclear plant funding
Iran and Russia have hammered out a deal for the supply of 55bn cubic metres of Russian gas to the Islamic Republic annually, though the two sides have yet to nail down the price, officials said.
Kazakhstan will put national interests over OPEC+ oil limits, says energy minister
Comments spark fears of price wars and even of a potential de facto exit from the coalition by the Central Asian country.
Al-Gharraf field expands with 17 new wells in Iraq
Iran offers gas field investment packages to boost output
The National Iranian Oil Co. has drawn up investment packages for the development of 49 gas fields to boost daily production capacity by as much as 500mn cubic metres.
Arab Energy Fund provides $100mn loan to China's United Energy
The Saudi-based Arab Energy Fund has approved a $100mn private loan to Chinese oil company United Energy.
Crude prices climb by 5% amid Trump tariffs & OPEC+ output cuts
Crude oil prices have increased by 5%, pushed by US sanctions on Iran that were aimed at damaging ‘teapot’ refineries in China, and additional output cuts from the Organisation of the Petroleum Exporting Countries and its allies (OPEC+).
Wood picks up Iraqi gas support deal
Wood has secured two further contracts worth $11mn from French major TotalEnergies
Iran’s energy sector open to US investment, oil minister says
Iran’s petroleum industry is open to foreign investors, including American firms, Oil Minister Mohsen Paknejad said, as Tehran and Washington are set to sit down at the negotiating table to clear the air over Iran’s nuclear programme.
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