MEOG - Middle East Oil & Gas
Sudden drop in Iranian gas supply cuts Iraq’s power output amid heatwave
A sharp reduction in Iranian gas exports has forced several gas-fired power plants in Iraq offline, resulting in a dramatic electricity shortage as the country grapples with an extreme heatwave, an Iraqi official said.
Saudi Aramco cuts LPG prices by 4.4% in July
Kuwait’s HEISCO wins oilfield maintenance contract for KOC
Kuwait’s Heavy Engineering Industries and Shipbuilding Company (HEISCO) has secured a pivotal contract to maintain production facilities in the north of the country
ADNOC Drilling signs another deal to support offshore expansion
ADNOC Drilling has secured a contract worth up to $800mn from ADNOC Offshore to support offshore expansion
Turkey to specify sustainable aviation fuel mandates
Turkey has decided to specify mandates for airlines and jet fuel suppliers as it pushes to hike the uptake of sustainable aviation fuel (SAF), the country’s civil aviation authority has announced on its website.
Sri Lanka’s tea-for-oil barter with Iran faces uncertainty due to Middle East tensions
Sri Lanka’s ongoing tea-for-oil barter arrangement with Iran is facing potential disruptions due to rising tensions in the Middle East, according to Plantation and Community Infrastructure Development Minister Samantha Vidyaratne
Russia reportedly expresses interest in making regular LNG deliveries to Turkey
Russia is said to have expressed an interest in making regular liquefied natural gas (LNG) deliveries to Turkey and stands ready to participate in joint investment projects to develop the gas market there.
OPEC+ poised for further oil output boost in August
OPEC and its allies are set to press ahead with another substantial increase in oil production for August
Gas exports begin from Iran's South Pars Phase 14 refinery
Gas exports commenced from the South Pars Phase 14 refinery, an Iranian energy official said, just days after a ceasefire was agreed between Iran and Israel.
China’s Iranian oil imports hit over 1.8mn bpd in June
China’s oil imports from Iran surged to a record high in June, driven by accelerated shipments ahead of a recent 12-day conflict between Israel and Iran and a rebound in demand from independent refineries.
Iraq holds talks with Excelerate Energy on buying first LNG from US
Iraq is in the final stages of negotiating its first-ever purchase of LNG supplies as power outages hamper the Middle East country.
Israeli gas exports to Egypt resume at 1bn cubic feet per day as regional tensions ease
Israeli gas exports to Egypt rose to 1bn cubic feet per day following the resumption of production at the Leviathan and Karish gas fields operated by Energean, after a two-week halt due to the recent Iran-Israel escalation.
Turkey’s TPAO, Libya’s NOC plan study of four Libyan offshore hydrocarbon areas
Turkey’s state-owned Turkish Petroleum Corporation (TPAO) and Libya's National Oil Corporation (NOC) intend to carry out a geological and geophysical study of four Libyan offshore areas.
Oil prices drop as US plans talks with Iran
US President Donald Trump has revealed that he may conduct talks with Iranian officials next week in a bid to improve relations and strengthen a fragile ceasefire with Israel.
Venezuela eyes oil windfall, domestic production upsets as Iran tensions fuel market uncertainty
As fears mount over a potential closure of the Strait of Hormuz following US strikes on Iranian nuclear facilities, Venezuela is positioning itself to capitalise on possible oil price surges.
Mexico secures fuel production amid Middle East conflict, president says
Mexico is prepared for oil production volatility as Middle East tensions escalate and Iran threatens to close the Strait of Hormuz, a commercial route connecting regional crude producers with Asian, European and American markets
Syria receives IMF visit for first time since 2009
Conflict-torn country faces “enormous challenges”, says mission. Majority of GDP wiped out. Restoring power infrastructure alone could cost at least $40bn.
Iraq targets end to gas flaring in drive to boost natural gas exports
Iraq's Ministry of Oil announced that the government is working to increase the utilisation of associated gas and reduce flaring to zero, while also expanding production and exports of liquefied gas to generate additional state revenues.
Pipelines dilute impact of potential Hormuz closure
Fears of a full-blown conflict in the Middle East, reignited by recent military strikes, have once again thrust the vulnerability of the Strait of Hormuz into the spotlight.
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