MEOG - Middle East Oil & Gas

Libya sees Turkey as key partner in energy push, targets 2mn bpd output

Libyan oil minister Khalifa Abdulsadek said Turkey could play a pivotal role in developing the oil and gas industry in his country with its technical expertise and offshore fleet.

Saudi Aramco raises $4bn in bond sale attracting $21bn in orders

Saudi Aramco raises $4bn in four-tranche bond sale attracting $21bn in orders as oil giant continues active debt market presence amid lower crude prices and fiscal pressures.

Tunisia’s natural gas output falls 12.2% y/y in January-October 2025

Tunisia’s natural gas production declined sharply during the first ten months of 2025, intensifying the country’s dependence on imports to meet rising domestic demand

Qatar Energy secures long term helium deal with Air Liquide

Jordan and Syria sign natural gas supply agreement

Jordan and Syria sign natural gas agreement to supply 4mn cubic metres daily through Jordanian territory, supporting Syrian electricity sector and alleviating energy shortages.

Iraqi focus shifts to export routes amid tensions

Iraq is rapidly advancing contingency plans to reroute crude exports away from the Strait of Hormuz

US-Iran tensions threaten China's billions in Iranian infrastructure investments

US-Iran tensions threaten China's billions in Iranian infrastructure as potential regime change could disrupt Beijing's Belt and Road Initiative and energy security strategy.

Iran gas consumption hits record 726mcm per day amid cold snap

Iran's daily gas consumption hits record 726mn cubic metres as temperatures plunge below zero across 28 provinces, straining energy infrastructure already struggling with economic crisis.

Egypt exports new LNG cargo to Turkey under Shell contract

Egypt has exported a new shipment of liquefied natural gas (LNG) for global energy major Shell (NYSE: SHEL), loaded from the Idku LNG complex on the Mediterranean coast

Jordan to supply Syria with 4mn cubic metres of gas per day

Yemen Houthi threaten to resume Red Sea shipping attacks as US-Iran tensions escalate

Yemen's Houthi forces warn of resumed Red Sea shipping attacks through video message as US-Iran tensions escalate, threatening vital maritime trade route after period of relative calm.

Libya signs $20bn oil deal with TotalEnergies and ConocoPhillips to boost output

Libya has signed a 25-year agreement to develop its oil sector with French energy major TotalEnergies (EPA: TTE) and the US firm ConocoPhillips (NYSE: COP), securing foreign investment exceeding $20bn.

Oman legal authorities suspend Muscat Gases executive directors

Authorities in Oman have ordered the immediate removal of several top directors at Muscat Gases Company (MGMC) while a formal inquiry takes place.

Kuwaiti state tanker firm makes profit amid political uncertainty

Kuwait Oil Tanker Co. (KOTC) has reported net profits of KWD16.513mn ($53.9mn) for the fiscal year ending 31 March 2025

ADNOC looks to expedite start-up of Ruwais LNG

ADNOC Gas expedites its Ruwais LNG project to double capacity, cementing a strategic supply agreement with India to bolster exports to key Asian markets

McDermott wins Nasr expansion job from ADNOC

McDermott has secured a major contract from Abu Dhabi National Oil Co. (ADNOC) to expand the offshore Nasr oilfield.

Iraq’s oil exports exceed 1.2bn barrels in 2025, SOMO data shows

Iraq's total crude exports during 2025 reached 1.243bn barrels, averaging 103.6mn barrels per month and around 3.45mn barrels per day.

US 'signals imminent Iran strike to allies' but traders don't believe war coming, claims expert

US allegedly alerts Iraq, Jordan, Saudi Arabia and UAE that Iran attack is imminent, risking 5% of global oil supply and potential Strait of Hormuz closure that could cripple Gulf energy exports.

Shell to lead as primary sponsor for LNG2026 in Qatar

Israel's 2025 imports of Azerbaijani oil shipped via Turkey reportedly hit three-year high

Israel's imports of Azerbaijani oil, shipped from Turkey's Mediterranean port of Ceyhan, reportedly hit a three-year high in 2025.

Iranian vessels positioned across Persian Gulf and Gulf of Oman as US carrier approaches

Multiple Iranian vessels tracked across Persian Gulf and Gulf of Oman near UAE and Oman as US carrier strike group USS Abraham Lincoln approaches region amid escalating tensions over protest crackdown.

Kuwait to sign MoU with KOC for Al-Ratqa power plant development

Kuwait’s Ministry of Electricity, Water and Renewable Energy is set to sign a memorandum of understanding (MoU) with Kuwait Oil Company (KOC) for the development of the Al-Ratqa power and steam generation plant.

Iraq’s watchdog flags LPG transport flaws, calls for strategic alternative pipeline

Iraq’s federal integrity watchdog has urged the oil ministry to adopt emergency plans to ensure the stability of liquefied petroleum gas (LPG) supplies and prevent price volatility, particularly during periods of heightened demand.

Egypt clears $5bn in oil partner arrears since June 2024, says PM

The Egyptian government has paid about $5bn in outstanding dues to foreign partners in its oil and gas sector since June 2024 under a previously announced repayment schedule

Russia and Iran to hold intergovernmental commission meeting in Tehran in February

Russia and Iran to hold 19th intergovernmental commission meeting in Tehran from February 16-18 as Moscow reaffirms commitment to strategic partnership despite regional challenges.

Iran charges petrol ration cards with no changes to allocation

Iran charges petrol ration cards with 60 litres at IRR1,500 and 100 litres at IRR3,000 for Bahman month with no changes to allocations, maintaining six-month storage ceiling for private vehicles.

India, UAE strike LNG deal

India and the UAE have agreed to work towards doubling bilateral trade to $200bn by 2032, as New Delhi steps up efforts to diversify its economic partnerships amid pressure on exports to the US.