MEOG - Middle East Oil & Gas
India remains uncertain about LNG supply from Qatar
Petronet is sounding the alarm as QatarEnergy examines its force majeure status on a month-to-month basis.
Turkey says Diyarbakir field could pump three times as much oil as Gabar
Turkey believes an oil field in Diyarbakir province could produce two to three times as much crude as Gabar, its largest onshore field.
Hellish scenes in Cyprus as Turkey’s problem with mountains of imported plastic waste washes ashore
Mounting pollution on northern Cypriot beaches show spillover costs of Ankara’s ambition to dominate Europe’s waste-processing trade.
Iran security chief mocks Trump's claim of ownership over Strait of Hormuz
Iran's security chief has dismissed Donald Trump's declaration that the Strait of Hormuz is US territory, saying Washington cannot even reopen the waterway, and welcoming the US to a "post-American order" in the Gulf.
UAE says two Iranian ballistic missiles fell in and near its waters
The UAE says it detected two ballistic missiles launched from Iran on August 18, one falling outside its territorial waters and one within. Neither hit land. Iran has not commented.
Saudi Aramco resumes crude loadings inside Strait of Hormuz after tanker attacks
Saudi Aramco has resumed crude loadings inside the Strait of Hormuz weeks after attacks on its tanker fleet, offering spot heavy cargoes as it works to restore disrupted exports.
Iraq PM orders urgent action to tackle oil export crisis
Iraqi Prime Minister Ali Faleh al-Zaidi ordered the Oil Ministry to find urgent solutions to the fallout from the country’s oil export crisis, calling for tangible results within a week.
Yemen's Houthis claim strikes on Saudi navy vessels in Red Sea
Yemen's Houthi movement says it struck a Saudi military landing ship and four escort boats with ballistic missiles in the Red Sea off Mokha, claiming the ship was destroyed. The assertions could not be independently verified.
Iran says Hormuz will stay shut until US lifts oil sanctions
Iran's parliament speaker Mohammad Baqer Qalibaf says the Strait of Hormuz will not reopen until the US lifts oil sanctions, frees blocked assets and ends its blockade, tying the vital shipping route to a disputed accord he says Washington has failed
Iran says oil slicks in Persian Gulf linked to tanker attacks
Oil slicks in the Persian Gulf and near the Strait of Hormuz were caused by attacks on vessels during the recent US-Israeli war against Iran, the head of Iran’s Ports and Maritime Organisation (PMO) said.
Iran secures 85% of budgeted oil revenue in five months, senior MP says
Iran has secured 85% of the oil revenue forecast in its current budget in just the first five months of the financial year despite an average 50% drop in oil sales during the period, a senior lawmaker said.
Aramco follows ADNOC out of Hormuz
Confronted by a widening arc of maritime risk, Saudi Aramco is quietly offering Gulf crude to Asian buyers from loading points beyond the Strait of Hormuz
KPC sticks with capacity targets despite regional volatility
KPC has recorded a resilient operational performance for the 2025-2026 financial year, maintaining steady production and refining throughput despite severe regional geopolitical disruptions
Iran resumes oil loading at Kharg Island after weeks-long pause
Oil loading at Iran’s Kharg Island, the country’s largest crude export terminal, has recommenced after a hiatus of more than two weeks, according to tracking companies, amid a renewed US naval blockade of Iranian ports and vessels.
Iran targets 550,000 bpd at Azadegan with $10bn development plan
Iran is planning to more than double crude oil production at the giant Azadegan field near the Iraqi border under an integrated development plan.
Iran to end internet filtering, first vice president says
Iran's president has decided to close the file on internet filtering, First Vice President Mohammadreza Aref says, though legal and security bodies that hold authority over the controls mean the process will take time.
Analysts predict mid-to-high $80s per barrel oil prices for this year
Oil price forecasts for 2026 are converging around the mid-to-high $80s per barrel after months of extreme revisions triggered by the Middle East conflict.
Iranian giant aims for 12 bcm surge in gas output
Iran’s second-largest natural gas producer plans to boost its gas extraction by about 12bn cubic metres (bcm) in the current Persian calendar year (March 21- March 20, 2027), its production manager said.
Algerian energy major Sonatrach begins jet fuel deliveries to Niger
Algerian state energy firm Sonatrach has dispatched its initial shipment of Jet A-1 aviation fuel to Niger, sourced from the Adrar refinery in southwestern Algeria
Omani upstream energy firm’s H1 profit jumps 19.4%
OQ Exploration and Production (OQEP), the majority Omani state-owned upstream energy company, reported a 19.4% year-on-year increase in net profit to $517.6 mn in the first half of 2026, Oman News Agency (ONA) reported on August 16.
Iran, Tajikistan discuss long-term deal on crude oil, fuel supplies
Iran and Tajikistan have agreed to establish a mechanism to export petroleum products and supply Tajikistan’s refineries with crude oil and fuel under a long-term contract, Iranian Oil Minister Mohsen Paknejad said.
Iran builds 3D, 4D geomechanical model for South Pars gas field
Iranian experts have completed a three-dimensional and four-dimensional geomechanical model covering 480 square km of South Pars, a senior official at the Pars Oil and Gas Co. (POGC) said.
Iran oil, condensate output soars 300,000 bpd in July, nearing pre-war levels
Iran’s oil and condensate production climbed by 300,000 barrels per day (bpd) in July to 3.91mn bpd— a second consecutive monthly increase, according to the US Energy Information Administration (EIA).
Iraq pays $1.62 per barrel to Turkey for oil transported via Kirkuk-Ceyhan pipeline
Baghdad sold around 42mn barrels in July, made up of about 35mn from southern ports and 7mn from Turkey's Ceyhan terminal on the Mediterranean.
Iraq announces new oil plans, resumes $4bn refinery project with Japan's JGC
Iraq has drawn up new plans for pipeline expansion, crude exports, and fleet modernisation, with several major projects set to open in the coming days, backed by the government
Iraq records 2.8mn barrels in daily oil exports via southern ports
Iraq exported 2.8mn barrels of crude oil in a single day through its southern ports in Basra Province, marking a milestone achieved for the first time since the outbreak of conflict in the Strait of Hormuz
Qatar condemns Iranian attack on UAE oil tankers in Hormuz
Qatar has strongly condemned an Iranian attack on two UAE oil tankers in the Strait of Hormuz, the 16th on ADNOC vessels since the war began, demanding the waterway be reopened without conditions.
Abu Dhabi's XRG secures stake in Venezuela's Loran gas field
XRG, ADNOC's international energy investment company, announced that it has secured an interest in Venezuela's offshore Loran gas licence.
Aramco shifts petrochemical focus towards Asia
Aramco and its Sabic division have decided not to proceed with a planned petrochemical plant with capacity of 400,000 barrels per day at Ras al-Khair on Saudi Arabia’s Persian Gulf coast.
EDF calls for more climate finance to tackle oil and gas methane
The IEA estimates that around 70% of methane emissions from fossil fuels, or almost 85mn tonnes per year, could be eliminated using existing technology.
IEA deepens 2026 oil demand cut to 1.6mn b/d as Hormuz war drains stocks
Global oil demand will shrink this year at the fastest pace since the pandemic, as war around the Strait of Hormuz lifts fuel prices and drains the world's stockpiles.
Iraq to start gas pipeline project at Artawi oilfield
Iraq’s Oil Projects Company has completed its technical and operational preparations to begin work on the Gas Moving Project (GMP) at the Artawi oilfield in Basra, with construction scheduled to start in August.
Iraq’s Basra Medium crude records third-largest monthly drop in OPEC basket
Iraq’s Basra Medium crude recorded one of the largest monthly declines among OPEC basket crudes in July, falling by $6.73 per barrel to an average of $78.37.
Israel's Tamar Petroleum posts 41% annual profit surge in Q2
Tamar Petroleum posted a 41% y/y rise in net profit to $15.6mn in Q2 2026, driven by higher Brent-linked export prices and expanded production capacity from the Tamar reservoir offshore Israel.
International salvage operation races to contain oil spill off Oman
An international salvage operation is under way off Oman to stabilise the stricken crude tanker Caroline Bezengi and contain an oil spill that has begun reaching the country’s coastline, The National News reported on August 13.
Omani upstream energy firm extends $500m bridge-to-bond facility
OQ Exploration & Production (OQEP) - Oman’s leading upstream oil and gas company - announced on August 13 the extension of its existing $500 mn bridge-to-bond credit facility by 12 months.
Iran oil output inches up for second month but remains way below pre-war level
Iran’s crude oil production edged up for a second consecutive month in July, but remained about 700,000 barrels per day (bpd) below pre-war levels, according to the latest OPEC report.
San Egypt secures $18.6mn Eni contract for Iraq’s Zubair oilfield
Egyptian maintenance company (San Egypt / EMC) secured an international tender issued by Italy’s energy firm, Eni, to supply electrical equipment for the Zubair oilfield operational area in Basra, Iraq, under a contract valued at $18.6mn
Egypt launches international licensing round offering 14 gas exploration blocks
Egypt’s Ministry of Petroleum and Mineral Resources has launched its 2026 international bid round for crude oil and natural gas exploration, offering 14 new blocks to global and domestic energy companies to stimulate foreign investment
ADNOC Gas awards over $8bn in rich gas contracts
Higher NGL availability could improve supplies of ethane, propane and butane, supporting downstream petrochemical production.
Follow us online