MEOG - Middle East Oil & Gas
Iraq resumes Syria talks as SOMO provides updates
Baghdad is continuing talks with Syria about reinvigorating the Kirkuk-Baniyas oil pipeline as it looks for additional export capacity. Meanwhile, the state oil marketer has struck strategic storage deals
Kurdistan-focused GKP considering dual listing in Oslo
London-listed Gulf Keystone Petroleum is actively exploring a secondary listing on Oslo’s Euronext Growth market
Russian energy officials to visit Tehran for gas export negotiations
Russian Energy Ministry officials to visit Tehran on Putin's instructions to finalise gas export deal following Iranian President Pezeshkian's talks with Russian leader.
Iraqi PM calls for oil quota review, outlines energy expansion strategy
Iraqi Prime Minister Mohammed Shiaa al-Sudani has urged OPEC to reconsider Iraq’s oil export quota, arguing it should reflect the country’s reserves, output potential and population size
Kurdish official estimates Iraqi oil losses at $28bn
The 18-month suspension of oil exports from Iraqi Kurdistan has cost the state more than $28bn in lost revenue, a senior Kurdish official has said
Egypt can secure alternative gas supplies if Israel blocks $35bn deal, rules out Gaza concessions
Egypt can mitigate risks to its gas supply if Israeli PM Benjamin Netanyahu follows through on his alleged threat to block the $35bn export deal to pressure Cairo on Palestine stance
Iranian Supreme Leader expresses frustration at oil output levels
Iran’s supreme leader has issued a rare and forceful critique of the country’s struggling energy sector
Iraq and Syria seek to revive Kirkuk–Baniyas oil pipeline
Iraq and Syria are seeking to reactivate the long-dormant Kirkuk–Baniyas oil pipeline, as both governments seek to diversify export routes and deepen energy cooperation
Iraq sees oil market stability as OPEC+ approves October output increase
The OPEC+ alliance announced on September 7 that it will raise oil production by 137,000 barrels per day (bpd) from October, citing stable global economic forecasts and tightening inventories
Iraq’s SOMO Insists crude exports unaffected by latest US sanctions
The head of Iraq’s state oil marketing company (SOMO) has minimised the impact of recent US sanctions, insisting they have no connection to Iraq’s official crude exports
Kuwait faces KWD6.1bn budget deficit amid falling oil prices
Kuwait is projected to face a budget deficit of KWD6.135bn for the current fiscal year (2025–2026), largely due to a significant drop in oil prices.
Iraq’s SOMO seals oil storage and marketing pacts with Oman’s OQ
Iraq’s State Oil Marketing Organization (SOMO) signed two agreements with Oman’s OQ and its subsidiary Oman Tank Terminal Company (OTTCO).
Nigeria’s Dangote refinery set to take advantage of Middle East refining pause
As refineries in the Middle East start to close for maintenance Nigeria’s 650,000 barrel per day (bpd) Dangote refinery is prepared to pick up the slack, increasing its exports to foreign countries in place of Gulf refiners, according to The Punch.
Iranian oil sales rise despite tighter US squeeze
Iran sold an average of about 630,000 barrels more oil each month in the first four months of the current Persian calendar year (starting on March 21) compared with the same period a year earlier, Oil Minister Mohsen Paknejad said.
West tightens noose on Tehran with sanctions and nuclear ultimatum
Europe and the US are working to increase pressure on Iran as recent talks appear to have led to a dead end
Iraq’s vehicle LPG network hits 156 outlets
Iraq’s oil ministry has outlined current capacity and plans for expanding its automotive gas network, which supplies liquefied petroleum gas (LPG) for vehicles
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