MEOG - Middle East Oil & Gas

Saudi Arabia and US finalise nuclear power technology agreement

US Energy Secretary Chris Wright and Saudi Energy Minister Prince Abdulaziz bin Salman sign nuclear cooperation framework after years of stalled talks over non-proliferation standards and uranium enrichment.

Iran releases Talara tanker and 21 crew members following STS transfer

Iran releases Talara oil tanker and 21 crew members after six-day detention for fuel smuggling in Persian Gulf waters, following completion of judicial proceedings and cargo discharge.

China’s Yangchang Petroleum purchases crude from UAE and Kazakhstan after halting Russian oil imports

US super-majors circle around Lukoil’s assets in Kazakhstan and Iraq

Exxon Mobil has reportedly joined Chevron in exploring potential acquisitions of Lukoil’s international assets since the US Treasury authorised companies to begin discussions with the sanctioned Russian oil firm.

Turkey’s TPAO planning $4bn raise with first-ever Islamic bond

State-owned Turkish Petroleum Corporation (TPAO) has plans to issue its first-ever Islamic bond, or sukuk, to raise around $4bn to fund the expansion of its oil and gas production, Turkey's Energy Minister Alparslan Bayraktar has told Bloomberg.

Flaring at Iran’s Darkhoein oilfield down by over 83% after major upgrades

Flaring at the Darkhoein oilfield in the southwest oil-rich province of Khuzestan has dropped by more than 83%, falling from 3.4mn cubic metres per day to a daily rate of 0.57 mcm, said the CEO of the state-run Arvandan Oil & Gas

Iran advancing five major anti-flaring projects funded entirely by private sector

Iran’s Oil Ministry is pressing ahead with five major national projects aimed at ending flaring in its oil and gas fields, all of which are being carried out with private-sector investment, a senior official said.

Gas extraction from Iran’s South Pars boosted by 1.5 bcm after overhaul downtime slashed

Iran has extracted 1.5bn cubic metres of additional natural gas from the giant South Pars field this year after shortening the overhaul period for its offshore platforms, the head of the state-run Pars Oil and Gas Co. (POGC) said.

Syria receives 650,000 barrels of crude oil under Saudi grant

Saudi Arabia's Arabian Drilling renews four Aramco contracts worth over SAR2bn

Arabian Drilling Company has signed four contract renewals with Saudi Aramco valued at more than SAR2bn, adding 30 operational years to its order book and raising total backlog to SAR12.2bn by end-2025, the highest level in company history.

Eni plans to build $180mn gas processing plant in Egypt’s Meleiha concession

Italian energy major Eni plans to build a new $180mn gas processing plant at its onshore Meleiha concession in Egypt’s Western Desert, with a production capacity of 100mn cubic feet per day,

Turkey’s LPG imports rise 16% y/y in Sept

Turkey’s liquefied petroleum gas (LPG) imports moved up by 16.4% y/y to 286,885 tonnes in September, according to the LPG Market Sector Report published by the Energy Market Regulatory Authority (EPDK).

Deals signed in Syrian gas reset

Syria’s energy pivot accelerates as Chevron and Dana Gas join Gulf partners to rehabilitate war-torn infrastructure and secure urgent fuel supplies.

Crude output doubled at three western Iranian fields to 120,000 bpd

Crude oil production at three fields in Iran’s western Ilam province has doubled to 120,000 barrels per day (bpd) after a year of accelerated development work by the state-run Petroleum Engineering and Development Co., the project manager said.

Latest Iranian tanker seizure reportedly court-ordered, not retaliation

The recent seizure of a Marshall Islands-flagged tanker in the Persian Gulf by Iran’s Revolutionary Guards was carried out under a domestic court order and not as a tit-for-tat move against foreign parties, the Iranian media say.

EXPLAINER: Lukoil scrambles to sell its international operations

Time is running short for Russia’s second-biggest oil producer to divest its vast international business, after it was hit with US sanctions that will soon render its assets outside Russia effectively inoperable.

Syria’s Homs refinery to remain operational until new Furqlus plant is completed

The director general of Syria’s General Company for the Homs Refinery, Khaled Mohammad Ali, has confirmed that the refinery will continue operating and will not be shut down until the new refinery in Furqlus is entirely constructed and brought online

US imports of Iraqi crude oil fall to 149,000 bpd by mid-November

Iraq’s crude oil exports to the US declined last week, according to data released by the US Energy Information Administration (EIA)

Egypt extends Gulf of Suez and Nile Delta gas concession for Eni until 2040

Egypt’s General Petroleum Authority signed an agreement with Italian energy major Eni, represented by its subsidiary Eni North Africa Oil Company (AIOC), extending the Gulf of Suez and Nile Delta concession until 2040,

Oil tanker diverts to Iranian territorial waters in Gulf of Oman incident

Marshall Islands-flagged oil tanker diverts towards Iranian waters after being approached by three boats near UAE's Khor Fakkan in suspected targeted incident, British security firm reports.

Iran’s heavy crude price drops by $5 as output falls

The price of Iran’s heavy crude fell in October, in line with other OPEC reference grades, after a rise in September, the latest monthly report by the Organisation of the Petroleum Exporting Countries showed.

Output rises at Iran’s South Azadegan oilfield after overhaul

Iran’s state-run Arvandan Oil & Gas Co. (AOGC) boosted crude production at the giant South Azadegan oilfield in the southwestern province of Khuzestan by 8,500 barrels per day (bpd) after separating low-pressure wells from high-pressure ones.

Iraq slashes petrol imports by 37% in third quarter

Iraq cuts petrol imports 37% to 396,475 tonnes in Q3 2025 as country moves toward fuel self-sufficiency, State Oil Marketing Organisation reports.

Saudi Arabia's Aqaseem opens first European branch in Kosovo

Saudi motor oil trader Aqaseem establishes first European branch in Kosovo's capital Prishtina, expanding operations beyond existing Middle East and North Africa markets.

Iraq’s SOMO reports fuel imports at 656,000 tonnes in Q3 2025

Iraq imported nearly 657,000 tonnes of petroleum products in the third quarter of 2025, The bulk of the imports consisted of gasoline, which totalled 396,475 tonnes with 37% decline compared with the third quarter of 2024.

Egypt to repay $750mn of foreign oil companies' arrears by early 2026

Egypt’s Ministry of Petroleum plans to repay about $750mn of arrears owed to foreign oil companies operating in the country by the end of Q1 2026

Iran turns off flare stacks at Haftkel oilfield

The flare stacks at the Haftkel oil field in Iran’s southwestern Khuzestan province, which had been burning for nearly a century, have been extinguished as part of the Oil Ministry’s ongoing efforts to capture associated petroleum gas (APG).

Saudi Arabia's NMDC Energy and Baker Hughes sign offshore localisation MoU

Saudi Arabia's NMDC Energy signs MoU with Baker Hughes to explore offshore products and services localisation. Agreement covers use of fabrication yard in Ras Al-Khair Special Economic Zone for Gulf region and MENATI markets.

Iraq’s northern oil fields regain stability as BP supports production growth

Iraq’s northern oil sector is witnessing a period of relative stability after years of security and administrative challenges, with production from Kirkuk’s main oil fields, Bai Hassan, Jambur, Havana and Khabbaz, reaching about 320,000 bpd

UAE’s Dana Gas signs MoU with Syria to explore redevelopment of key gas fields

UAE-based Dana Gas announced that it has signed a Memorandum of Understanding (MoU) with the Syrian Petroleum Company to explore the redevelopment of existing gas fields that were severely damaged during Syria’s 13-year conflict

AEC to host G20 African Energy Investment Forum ahead of G20 Summit in Johannesburg

The African Energy Chamber (AEC) will host the G20 African Energy Investment Forum ahead of the G20 Summit in South Africa.

Iraq’s Oil Pipelines signs strategic partnership with Dubai’s Progwin

Iraq’s Oil Pipelines Company has signed a strategic partnership agreement with Dubai-based Progwin, marking a key step in the Iraqi Ministry of Oil's strategy to enhance the technical and engineering capabilities of the national oil sector

Iraq boosts oil exports to India as Saudi supplies to China decline

Iraq is set to increase its crude oil exports to India next December, as Asian oil markets undergo a reshuffle amid declining Saudi supplies to China for the second straight month

Egypt to import three LNG shipments in November amid rising domestic demand

The Egyptian General Petroleum Corporation will import three liquefied natural gas (LNG) shipments and issued a tender to its current suppliers for deliveries scheduled from mid to late November 2025.