MEOG - Middle East Oil & Gas
APIKUR welcomes intensified talks to resume oil exports in Iraq
The Association of the Petroleum Industry of Kurdistan has welcomed renewed and intensified negotiations between the Kurdistan Regional Government and the Government of Iraq aimed at resuming oil exports via the Iraq-Turkey Pipeline.
Saudi Arabia stockpiles surplus oil production to face global crises
Saudi Arabia has increased oil production volumes to strengthen strategic reserves rather than for domestic consumption or export, as a precautionary measure to ensure energy security during potential global disruptions.
Baghdad to honour oil contracts in bid to end Kurdish export halt
Baghdad had pledged not to modify KRG oil contracts, removing a major obstacle to resolving their mutual impasse
TPAO signs deal for Omani oil, gas fields
TPAO has signed an exclusitivy deal for oil and gas fields in Oman with the Ministry of Energy and Minerals and OQEP
POSCO signs Aramco deal for Fadhili plant expansion
South Korea’s POSCO has secured a contract to supply steel to Saudi Aramco for the expansion of the Fadhili gas plant
SOCAR to supply Syria with gas
SOCAR has signed a memorandum of understanding to supply natural gas to Syria
Iran responds to Azerbaijan energy projects with Caspian Sea drilling
Iran has launched exploratory drilling operations in the Caspian Sea after years of neglecting the region due to sanctions constraints and cheaper extraction costs from southern oil fields.
Saudi crude oil shipments to China approach a two-year high but Asian market diversification is being felt
Saudi crude shipments to China are expected to average 1.56nm barrels per day in the coming month, amounting to a total of 51mn barrels for August.
SEFE secures further LNG supplies from Abu Dhabi, US
SEFE has bolstered its LNG supplies with new deals with ADNOC Gas and Venture Global
Saudi overproduces OPEC+ quota, albeit briefly
Saudi Arabia has issued a firm rebuttal to suggestions it overproduced crude oil last month, insisting it remained fully compliant with its OPEC+ target despite a report from the International Energy Agency claiming otherwise
Iran leads world oil production growth with 13% increase
Iran topped global crude oil production growth in 2024, increasing daily output by 374,000 barrels to achieve a 13% rise.
South Pars third refinery begins major overhaul
Iraq exports 6mn barrels of oil to US in June
US cracks down on Iran’s ‘shadow banking’ with fresh oil sanctions
The United States slapped a fresh set of sanctions on Iran, targeting what officials call a “shadow banking system” – a covert financial web that Washington accuses of propping up Tehran’s nuclear ambitions and arming its regional proxies.
Iran warns energy supply at risk after Israeli airstrikes hit gas infrastructure
Iran’s oil minister condemned Israel’s recent airstrikes on the country’s energy facilities as a “violation of international law” and a “threat to global stability.”
Oman launches first $200mn energy transition fund with China’s Templewater
Oman launched its first dedicated energy transition investment fund, partnering with Hong Kong-based private equity firm Templewater to back projects in green fuels and renewables.
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