MEOG - Middle East Oil & Gas

Yemen’s Houthis claim strikes on Aramco facilities in Saudi Arabia

Yemen’s Houthis say they targeted Aramco facilities and a Saudi airbase with missiles and drones.

Kuwait's KPC seeks more tankers as shipping risks rise

Kuwait Petroleum Corp (KPC) is looking to buy more tankers and is examining alternative supply routes and storage facilities as the US-Iran war disrupts regional energy flows.

Northern Iraq oil exports stand at 220,000 bpd

Crude oil exports from Iraq's northern Kirkuk fields and the Kurdistan Region remain at around 220,000 barrels per day (bpd).

Syria to raise Baniyas refinery capacity to 130,000 bpd after overhaul

Syria is carrying out a major overhaul and rehabilitation of the Baniyas refinery in Tartous province, targeting an increase in refining capacity from about 80,000 barrels per day (bpd) to 130,000 bpd.

Diesel cracks hit a record as Russian and Saudi barrels vanish together

Diesel crack spreads hit record highs after global waterborne diesel exports fell to 175.7mn barrels in August, down 47mn on the year, on S&P Global data.

Iraq allocates $12.2mn to develop three border crossings as Syria trade surges

The Iraq-Syria trade corridor has since expanded, with Syria’s General Authority for Borders and Customs reporting that more than 65,000 fuel tankers and 10,000 trucks crossed the Al-Tanf border by mid-August, carrying around 329,000 tonnes of goods.

First Qatari LNG tanker crosses Strait of Hormuz since July

A Qatari LNG tanker has transited the Strait of Hormuz for the first time since July, signalling the potential restoration of Doha’s export flows following the US-Iran war.

Navitas Petroleum begins drilling at new well in US project

Navitas Petroleum has commenced drilling on the second development and production well at the Monument project in the US Gulf of Mexico.

OQ accelerates domestic acquisitions and gas transmission expansion

The OQ Group in Oman is accelerating upstream acquisitions and expanding national gas pipeline infrastructure, funded by strong revenues to support domestic industrial growth initiatives

Aramco’s Jazan refinery struck again as Yemen conflict reignites

The Financial Times reported on September 7 that Saudi Aramco’s oil facilities in Jazan have been attacked

DNO drops bid for Kurdistan-focused Genel Energy after board rejects offer

Norwegian oil and gas company DNO ASA said it would not make an offer for London-listed Genel Energy plc, a producer with key oil assets in Iraq’s Kurdistan Region, after Genel’s board declined to engage with its proposal.

Egypt expands energy operations as LNG import bill reaches $11.5bn

Egyptian state-owned General Petroleum Company (GPC) achieved a record 12 oil discoveries during FY2025/26, its highest annual discovery rate

Qatar and UAE turn to ship-to-ship transfer outside Strait of Hormuz

Qatar and the United Arab Emirates have commenced doing ship-to-ship transfers outside the Strait of Hormuz for LNG cargoes.

Iran allocates €500mn to revive oil export infrastructure

Iran has set aside €500mn ($583mn) for top priority projects aimed at modernising infrastructure supporting the country’s oil exports, the head of the Iranian Oil Terminals Co. (IOTC) said.

IRGC reportedly warns away ships at Strait of Hormuz

At least three tankers and an LNG carrier have turned back from the southern route through the Strait of Hormuz after warnings from Iran’s Islamic Revolutionary Guard Corps (IRGC).

Iran’s South Azadegan oil output climbs 40% in two years, official says

Crude oil production from Iran’s South Azadegan field in southwestern Khuzestan province near the Iraqi border has surged by more than 40% over the past two years, the CEO of state-run Petroleum Engineering and Development Co. (PEDEC) said.

TotalEnergies reportedly slowing Iraqi gas project amid regional volatility

TotalEnergies is decelerating the deployment of capital into its $10bn energy infrastructure programme in southern Iraq

Fuel prices in Turkey break fresh records over unending Iran War

Sharp hikes reflect combination of global oil market turbulence and persistent domestic currency pressures.

US swings sanctions stick at Turkish bank accused of smuggling Chinese oil payments to Iran in gold

American ambassador to Ankara at great pains to describe move as aimed at “one entity”, not at a nation, banking system or ally.

Libyan fuel shortage persists despite $1bn monthly import bill

Iraq oil exports recover to 2.34mn bpd in August

Iraq’s oil exports rose about 73% in August to around 2.34mn barrels per day (bpd), from 1.35mn bpd in July, as heavy discounts and alternative shipping arrangements helped revive flows disrupted by the Strait of Hormuz crisis.

Iraq faces renewed petrol shortages as Baghdad queues return

Iraq’s capital Baghdad and several other provinces are facing renewed shortages of petrol and kerosene, with long queues forming at filling stations and dozens of stations closing.

Iran’s South Pars Phase 11 gas output set to exceed 28 mcm

Gas extraction from Phase 11 of Iran’s South Pars field is set to surge to 28.3mn cubic metres (mcm) per day within weeks after the 12th well is connected, reaching the maximum production capacity of its first offshore platform.

Bahrain condemns Iranian attack on Saudi tanker in Hormuz

Bahrain has strongly condemned an Iranian attack on the Saudi oil tanker ‘Sidr’ while it was transiting the Strait of Hormuz, which killed two Filipino crew member.

Iran’s Reshadat oilfield set for 35,000 bpd boost after horizontal drilling

Iran has completed drilling a well at the Reshadat oilfield in the Persian Gulf with more than 2,000 metres of horizontal drilling through the reservoir, a project expected to add about 35,000 barrels per day to the field’s output.

Egypt to disburse $300mn to foreign oil and gas firms in September

Egypt’s Ministry of Petroleum and Mineral Resources is preparing to pay around $300mn to international oil and gas companies operating in the country during September 2026

Riyadh condemns Iranian strike on Bahri tanker

Saudi Arabia has condemned an Iranian attack on one of its oil tankers in the Strait of Hormuz that killed two Filipino crew members

Iran restores gas processing capacity lost in South Pars attacks

Iran has brought back 95mn cubic metres (mcm) per day of natural gas processing capacity lost in Israeli attacks on South Pars refineries in March, the head of the National Iranian Gas Co. (NIGC) said.

Aramco weighs first domestic LNG plant

Saudi Aramco is advancing plans for an LNG facility on Saudi soil, MEED reported this week, marking a potential shift in the kingdom’s gas strategy

Iran says gas discoveries since 2025 are world’s largest

Iran has made the world’s largest volume of gas discoveries since 2025, with two fields in the southern province of Fars, the chief of the National Iranian Oil Co. (NIOC) said.

Etihad Energy Holding Company registers $24mn in single-day transactions

The Dubai Financial Market announced that 28.1mn shares in Etihad Energy Holding Company changed hands on September 2 at AED 3.15 ($0.86) per share.

Iran's IRGC says two tankers 'hit mines' in Strait of Hormuz

Iran's IRGC said two oil tankers struck mines and caught fire in the Strait of Hormuz after being used to attempt an unauthorised transit, in a claim attributed to the Guards and not independently verified.

Iran adds 2,000 bpd from shared Forouzan oilfield

Iran has added around 2,000 barrels per day (bpd) to its oil output from the shared Forouzan field in the Persian Gulf after two new wells were brought on stream, the Iranian Offshore Oil Co. (IOOC) said.