MEOG - Middle East Oil & Gas
Turkey to build additional terminal at Hatay floating storage and regasification unit, double site’s capacity
Turkey plans to build an additional terminal at its floating storage and regasification unit (FSRU) in the southern province of Hatay and double its capacity, Energy Minister Alparslan Bayraktar has announced.
China teapots turn to Iranian crude as Venezuelan supplies dry up
China’s independent refiners are importing more Iranian crude to make up for a drop in Venezuelan supplies.
Iran’s NISOC steps up output drive and flare gas capture
The National Iranian South Oil Co. (NISOC), the country’s biggest crude producer, is pushing ahead with plans to ramp up production using modern methods and phase out routine gas flaring, its chief executive said.
Libya plans gas output boost to supply Europe by 2030, NOC head says
Libya plans to significantly increase its natural gas production over the next five years, aiming to make larger volumes available for export to Europe by the early part of the next decade
Iraq brings South Refineries FCC unit into full operation
Iraq has announced the successful commissioning of the Fluid Catalytic Cracking (FCC) unit at the South Refineries Company, marking the start of production of high-octane upgraded petrol as part of efforts to strengthen domestic fuel self-sufficiency
ADNOC Distribution posts record $761mn net profit in 2025
ADNOC Distribution reported record 2025 net profit of $761mn, up 15.4% year-on-year, as the UAE fuel distributor expanded its network to 1,010 stations and grew its electric vehicle charging infrastructure by 83% amid strong demand across all busines
QatarEnergy to lead global gas and fertiliser exports
Energy Minister Saad bin Sherida Al Kaabi announced that QatarEnergy is on track to lead the world in exporting LNG, helium and chemical fertilisers.
Carlyle explores UAE alliance for Lukoil acquisition
The US investment giant Carlyle is engaging in preliminary discussions with United Arab Emirates backers regarding a potential joint venture to acquire the global holdings of Lukoil.
Morocco delays tender for $1bn LNG import terminal and gas pipeline project
Morocco has postponed the opening of bids for a strategic project to build a liquefied natural gas (LNG) import terminal and a domestic gas pipeline network with an estimated cost of about $1bn
Iraq assesses TotalEnergies’ progress on Basra projects
Iraq is advancing key components of its landmark $27bn energy accord with TotalEnergies, with significant infrastructure milestones reached at the Artawi oilfield hub
US seeks to force countries to buy Venezuelan oil, ex-Iranian MP says
A former Iranian lawmaker accused the United States of plotting to compel countries to buy “specific oil” after President Donald Trump claimed India intended to replace Iranian crude with Venezuelan oil.
Iran installs first downhole pump at South Azadegan
The Iranian Petroleum Engineering & Development Co. (PEDEC) installed the first downhole electric submersible pump (ESP) at South Azadegan oilfield in southwest Khuzestan province as part of a wider plan to deploy 50 pumps over the next four months.
Egypt in talks with international oil firms to boost output over five years
The Egyptian government is currently discussing with international oil and gas companies operating in the country a plan to intensify exploration, development and production activities over the next five years
Iraq drills 14 new oil wells as it targets 6mn bpd capacity by 2028
Iraq’s state-owned Iraqi Drilling Company (IDC) announced it completed the drilling and rehabilitation of 14 oil wells during January.
Chevron in talks with Libya and Iraq on potential oil projects expansion
US energy major Chevron (NYSE: CVX) is holding discussions with the governments of Iraq and Libya to assess potential opportunities to expand its footprint in the oil sector.
Oman oil exports surge 10.3% to $13bn
The Sultanate of Oman experienced a significant boost in its non-oil trade sector during 2025, with figures showing a 10.3% rise compared to the previous year.
Egypt plans $250–350mn oil arrears payments in Q1 2026, unveils mining reform push
The Egyptian government plans to repay between $250mn and $350mn in outstanding dues to international oil companies during Q1 2026, alongside a broader structural plan to settle an additional $750mn
Kuwait prepares $7bn pipeline stake sale amid growing interest
Kuwait is preparing a $7bn pipeline stake sale to foreign investors, mirroring regional trends to fund ambitious economic diversification plans amidst lower oil prices.
Iraq holds oil output steady under OPEC+ deal for March 2026
Iraq will maintain a decision to pause further oil production increases for March 2026, in line with the broader OPEC+ strategy to support crude price.
Norwegian sovereign wealth fund’s end-2025 exposure to Turkey amounts to record $1.7bn
Norway's sovereign wealth fund – Government Pension Fund Global (GPFG), sometimes referred to as the Norwegian Oil Fund – had invested over $1.7bn in Turkish companies as of the end of 2025.
EU considers pivoting from the US to Canada and Qatar for LNG supply
Tensions over Trump’s threats to annex Greenland have spurred EU to seek to reduce its dependence on the US.
Egypt seeks to deepen Italian energy major Saipem’s role in new gas concessions
The Egyptian government is discussing with Italian oil services major Saipem the opportunities to expand the company’s activities in Egypt and potentially upgrading its role from contractor to investment partner in new gas exploration projects
SLB enhances production capabilities at Oman Block-6 field
Petroleum Development Oman recently awarded two five-year contracts to SLB for the provision of essential drilling and extraction machinery at the massive Block-6 site.
Egypt to tender for 930,000 tonnes of fuel imports for February delivery
Egypt’s General Petroleum Authority (EGPA) is set to launch an international tender to import about 930,000 tonnes of petroleum products for delivery in February 2026
Energy Development Oman secures $650mn via decade long sukuk
Energy Development Oman, manager of the key Block 6 assets, has secured $650mn through a 10-year sukuk due January 2036. This deal supports its capital strategy, diversifies funding, and covers annual costs while bridging state and energy interests.
Syria uncovers SYP6bn in corruption at state oil company
Syria’s Central Authority for Financial Control has uncovered financial corruption worth around SYP6bn ($462,000) at the state-owned Syrian Oil Company, linked to a power generation contract signed under the former regime.
Iraq’s SOMO optimistic on Kurdistan oil output as exports hit 200,000 bpd
Iraq’s State Organization for Marketing of Oil (SOMO), revealed optimism about the future of oil production and exports from the Kurdistan Region, citing the success of the current agreement between the federal government in Baghdad and the regional.
US Chevron demands better terms to buy Lukoil’s Iraq oilfield
US oil major Chevron is pressing Iraq to improve the economic returns of the giant West Qurna 2 oilfield as a condition for acquiring the project from Russia’s Lukoil.
Iraq targets oil products exports by 2030, outgoing PM says
Iraq had achieved its highest-ever electricity output, reaching 29,000MW, supported by integrated transmission and distribution plans, including new substations, which have helped ease pressure on the national grid during periods of extreme heat.
Egyptian Enppi and Petrojet plan to form engineering venture with French Technip Energies
Egyptian state-owned engineering and oil services firms Enppi and Petrojet plan to establish a new joint venture with France’s energy firm Technip Energies to compete for large-scale projects
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