MEOG - Middle East Oil & Gas
‘No room’ for error, Iranian deputy minister warns ahead of looming gas crunch
Iran’s top gas official warned that the country’s energy network could not afford a single misstep as demand surges during the cold months.
Taliban fuel standards leave Iranian tankers stranded at Afghan border
A sudden change in fuel import standards by the Taliban government in Afghanistan has left thousands of Iranian trucks stranded at border crossings for months.
Algeria to offer ten oil exploration blocks to international firms in Q2 2026
The Algerian government has identified 25 geographical blocks for hydrocarbon exploration projects
Iran’s NIOC vows to challenge UK court ruling on London property seizure
The National Iranian Oil Co. (NIOC) said it would appeal a UK court ruling that upheld the seizure of one of its properties in London to partly enforce a $2.4bn arbitration award in favour of an Emirati firm.
Domestic firms supply 85% of Iran’s petroleum equipment needs
Iranian manufacturers now supply about 85% of the equipment needed for the country’s oil, gas, and petrochemical industries, up from around 40% in the early 2010s, a union leader said.
Iraq’s Basra crude gains with uptrend in global oil prices
Prices of Basra crude, both heavy and medium grades, rose on October 7 in line with gains across global oil markets
Iran discovers new major oil and gas field, minister says
Iran has discovered vast oil and gas reserves in an undeveloped field on the border of Fars and Bushehr provinces, Oil Minister Mohsen Paknejad said on Monday, describing the find as a “considerable” boost to the country’s hydrocarbon wealth.
Algeria plans to invest $60bn in energy projects until 2029
The Algerian government announced plans to invest $60bn in energy projects between 2025 and 2029 as part of a wide-ranging strategy to strengthen the country’s oil, gas, and hydrogen industries.
Oil tanker known to deliver crude to Israel reportedly set to depart Turkish port
An oil tanker known to often deliver crude oil to Israel is poised to depart the Turkish Mediterranean port of Ceyhan for an "unknown destination", Middle East Eye reported on October 6.
Iran opens new oil terminal in Persian Gulf
Iran has launched a new oil terminal on its southern coast, bringing the total number of such facilities nationwide to six, as the country seeks to enhance its bunkering and storage capacity in the Persian Gulf and the Sea of Oman.
Turkey’s energy minister says purchasing Russian oil a commercial decision for private company refineries
Turkey’s energy minister Alparslan Bayraktar on October 2 said that purchasing Russian oil is a commercial decision made by private company refiners.
Iran begins North Pars development with platform jacket award
Iran has begun developing its long-delayed North Pars gas field by signing a contract for the construction and installation of a platform jacket, an official at state-run Pars Oil and Gas Co. (POGC) said.
UK court upholds confiscation of Iranian oil company's London property
UK Court of Appeal rejects NIOC appeal and upholds confiscation of London property worth £80mn-£104mn to enforce $2.4bn arbitration award owed to Crescent Gas Company since 2014.
Italian energy major Eni resumes offshore drilling in Libya after five-year hiatus
Italian energy major Eni has resumed offshore drilling operations in Libya’s northwest region, marking the company's return after a five-year pause.
QatarEnergy acquires 27% stake in Egypt’s North Cleopatra offshore area
QatarEnergy has signed an agreement with international oil supermajor Shell to acquire a 27% participating interest in the North Cleopatra offshore area, located in Egypt’s territorial waters of the Mediterranean Sea.
Iran boosts gas injection into storage to brace for winter demand
Iran has increased gas injection into its two natural underground gas storage (UGS) facilities by 13% compared with last year, aiming to shore up supplies for peak winter demand, the Oil Ministry said.
Northern Iraqi crude returns as Ceyhan sees first federal shipment
The first loading of Kurdish crude has taken place at Ceyhan following last week’s resumption of flows from northern Iraq
Pakistan pivots away from LNG
Rising LNG prices have led Pakistan to shift away from LNG.
Iraq orders LNG terminal from US company as it seeks to cut reliance on Iranian gas imports
US company Excelerate Energy has received a letter of intent from Iraq's government on developing an integrated floating terminal for liquefied natural gas (LNG) imports, the company announced on October 2, Interfax reported.
Azerbaijan advances solar projects with Garadagh output milestone and Bilasuvar launch
Azerbaijan advances solar projects with Garadagh output milestone and Bilasuvar launch
Iran reiterates snapback of UN sanctions change nothing
Iranian oil minister dismissed the impact of the return of United Nations sanctions, saying the so-called snapback mechanism did not add to what he called the “strongest and most annoying set of sanctions” already imposed on crude exports.
Iran’s NIOC to bankroll innovative energy projects with universities
The National Iranian Oil Co. (NIOC) said it was ready to shoulder the costs and risks of innovative projects in the oil and gas sector, with universities providing ideas and industry footing the bill.
British BP describes Iraq’s Kirkuk oilfields as its ‘fields of dreams’
British BP has described Iraq’s Kirkuk oilfield as one of its global “fields of dreams”, highlighting the site’s vast reserves and long-term strategic importance alongside three other major oil and gas developments worldwide
Iraq resumes Kurdish crude exports with first loading at Ceyhan port
Oil exports from Iraq’s semi-autonomous Kurdistan region have restarted after more than two years of suspension, following a breakthrough deal between Baghdad, the Kurdish regional government and international producers
Iraq’s Diwaniya refinery plans to raise capacity above 90,000 bpd
Iraq’s Diwaniya refinery is pressing ahead with an expansion plan that will see its processing capacity rise to more than 90,000 barrels per day (bpd) within the next five years
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