MEOG - Middle East Oil & Gas
Two wars mean three-digit diesel prices new normal for Turkish motorists
Unable to fit hiked cost of fuel on roadside displays, gasoline station bosses turned to energy watchdog for guidance.
Iraq exports fuel oil via Jordan as Aqaba route expands
Iraq is exporting fuel oil through Jordan to international markets under contracts arranged by the state-owned Iraq Marketing Company (SOMO).
Iraq launches 25mn cubic feet/day gas facility to supply Bismayah power plant
Iraq has completed and commissioned a gas processing unit at the East Baghdad field with a capacity of 25mn standard cubic feet per day, as part of efforts to increase associated gas recovery and reduce flaring.
Oman's OQ explores Angola energy investments with Sonangol
Oman’s OQ and Angola’s Sonangol have agreed to explore cooperation across upstream oil and gas, LNG, fertilisers, petrochemicals and commodity trading, alongside a separate 500-MW renewable energy plan.
Saudi Arabia restarts East-West pipeline
Saudi Arabia restarts its East-West pipeline after a nine-day shutdown from drone attacks, sending Brent more than $2 lower to a two-week low. Full flows may take weeks.
Petroleum Development Oman awards Weatherford drilling contract for 274 wells
Petroleum Development Oman (PDO) announced on September 21 the award of a three-year integrated drilling services contract to oilfield services firm Weatherford covering 274 wells, supporting production growth and greater operational efficiency.
Armed group shuts pipeline from Libya’s Sharara oilfield
An armed group has shut a valve on a pipeline linking Libya’s major Sharara oilfield to the Zawiya export port, causing production rates to fall
Egypt plans $1.36bn strategic crude stockpile with Libya, Iraq supplies
The Egyptian government is currently planning to build a strategic crude oil stockpile of around 16mn barrels through new supply agreements with Libya and Iraq
Iran cuts South Pars offshore platform maintenance time to protect gas output
Iran’s largest natural gas producer has reduced annual maintenance downtime at offshore platforms in the colossal South Pars gas field by carrying out valve repairs and calibration at sea, a company official said.
Iran says Israeli strike on Asalouyeh was among largest attacks on energy facilities
An Israeli attack on Iran’s gas refineries in the southern port city of Asalouyeh in mid-March was “one of the largest attacks on gas facilities in the world in terms of lost capacity”, a senior National Iranian Gas Co. (NIGC) official said.
Iran leans on South Pars as revenues defy blockade
Confounding expectations of a post-war collapse, Tehran is squeezing more cash and more gas from its bruised hydrocarbons complex even as US warships tighten the noose
Iran oil revenue reportedly tops $16bn despite US naval blockade
Bilfinger wins FEED contract for marine fuels terminal at Oman’s Shinas Port
Bilfinger has secured a FEED contract for a major marine fuels and oil terminal planned at Shinas Port on Oman’s Sea of Oman coast, Oman Daily Observer reported on September 20.
Iraq oil exports average 2.6mn bpd in September
Iraq's crude oil exports have averaged around 2.6mn barrels per day (bpd) so far in September.
Uganda’s nearly built $5.6bn EACOP will open a route to oil markets, but a wider East African payoff remains uncertain
The East African Crude Oil Pipeline (EACOP) is nearing completion, opening a Ugandan crude-export route through Tanzania. But questions remain over financing, fuel security and wider economic gains.
Brent falls below $102 on prospect of Trump-Pezeshkian meeting
Brent fell below $102 on September 21, an 11-day low, as Trump signalled openness to meeting Pezeshkian in New York and Saudi exports recovered to above 4mn barrels a day.
Two crew hurt as tanker hit by projectile in Strait of Hormuz
Two crew were injured when a tanker was struck by an unknown projectile in the Strait of Hormuz, the fourth attack there in 11 days as Iran enforces its claim over the waterway.
POGC expands offshore drilling fleet with third rig for South Pars
QatarEnergy acknowledges expansion projects may be delayed
Qatar has warned that its ambitious expansion projects may be delayed due to the closure of the Strait of Hormuz delaying critical equipment from arriving on schedule.
Iran cuts South Pars Phases 20-21 overhaul time by 70%
Iran slashed the annual overhaul time for Phases 20 and 21 of the colossal South Pars gas field by 70% this year, completing maintenance in 9 days ahead of the winter period when gas demand skyrockets.
Iranian oil sales reportedly hit 2-year high despite US blockade
Iran's oil exports over the past 30 days hit their highest monthly sales level in two years despite a US naval blockade of Iranian ports.
Iran, Afghanistan set up joint oil, gas teams to foster cooperation
Iran and Afghanistan have set up joint technical teams to follow up on cooperation in oil and gas, including fuel supplies, technical training and exploration.
Major contract singed to raise Iran’s Azadegan oilfield output
Iran has inked a 24-month deal to push up oil production from 55 wells at the Azadegan field to 550,000 barrels per day (bpd), from around 230,000 bpd currently.
Saudi Arabia declares force majeure on European crude
Saudi Arabia has told at least two European refiners that no crude allocations will be delivered in October
Syria, Iraq agree to replace ageing Kirkuk-Baniyas oil pipeline
Syria is targeting oil self-sufficiency by 2028 as it seeks to revive domestic production and refining capacity, Energy Minister Mohammed al-Bashir told parliament.
London's marine insurance market expands “high risk” reporting requirements to whole of Black Sea
London's marine insurance market has expanded “high risk” reporting requirements to the whole of the Black Sea area amid the escalating Russia-Ukraine war, which is bringing an increasing amount of attacks on commercial shipping by both sides.
Tanker hit by projectile in Strait of Hormuz as Iran claims strike on Togo-flagged tanker
A tanker was hit by an unknown projectile in the Strait of Hormuz on September 18, sparking a fire, as Iran's IRGC claimed it struck the Togo-flagged Trend for transiting without permission.
Bapco attracts $10mn bid in Bahrain government tender round
Bahrain government tenders drew bids across manpower provision, heritage maintenance and engineering consultancy, with the highest bid exceeding $10mn for a Bapco Supply station staffing contract.
Egypt’s EGPC reports 63 oil and gas discoveries in FY 2025/26, upstream investment hits $4.5bn
The Egyptian General Petroleum Corporation (EGPC) recorded 63 new oil and gas discoveries during FY 2025/26, comprising 48 oil finds and 15 gas discoveries, as refinery utilisation exceeded 80% and exploration expanded in the Western Desert.
Skiff chases tanker 75 nautical miles east of Yemen's Aden
A skiff chased and tried to intercept a westbound tanker 75 nautical miles east of Aden on September 17, adding to a Gulf of Aden piracy surge that has produced at least 15 attacks this year and left four tankers in pirate hands.
US rejects Iran's Hormuz mine claim as vessel traffic stays 90% below normal
US Central Command has rejected an Iranian claim that a Panama-flagged tanker hit a mine in the Strait of Hormuz, saying Iranian weapons struck the ship twice.
Only two-thirds of Iran's power capacity delivers at peak demand, analysis finds
Only about two-thirds of Iran's nominal generating capacity was supplying the grid at peak demand, energy researcher Arya Kia wrote for the Bourse & Bazaar Foundation on September 8.
ADNOC agrees to buy 72mn barrels of discounted Iraqi crude
Abu Dhabi National Oil Company (ADNOC) agreed, through its trading arm, to buy 72mn barrels of Iraqi crude for August and September at discounts of $18 to $27 per barrel.
Hormuz shipping dwindles as Saudi crude flows through Oman workaround
Commercial shipping through the Strait of Hormuz has dwindled to near-standstill levels, even as alternative Saudi oil flows through Oman gather momentum, multiple media channels reported on September 17.
Syria sets tiered diesel prices ahead of refinery restarts
Syria will introduce several diesel grades at different prices and specifications, while preparing to restart small-scale local refineries with a combined crude-processing capacity of up to 35,000 barrels per day.
Iranian parliament committee works through Hormuz shipping bill clause by clause
Iran's parliamentary national security committee is working through a bill on the Strait of Hormuz clause by clause, covering a ban on vessels from hostile states and fines of up to 20% of cargo value.
Lebanon and France agree to resume oil and gas exploration, broker end to Israel-Hezbollah war
Lebanese President Joseph Aoun and French President Emmanuel Macron agreed to expand economic and energy cooperation and work to end Israel-Hezbollah fighting following an in-person meeting.
Behran Oil board commits to capital increase from building revaluation in Iran
The board of Iran's Behran Oil Company commits to preparing a justification report for a capital increase from the revaluation surplus on its buildings, due within three months.
Bandar Abbas refinery board approves 119% capital increase to fund quality upgrades
The board of Bandar Abbas Oil Refining Company has approved a 119% capital increase that would take registered capital to IRR896.93 trillion, funding quality upgrade projects at Iran's third-largest refinery.
Turkey has potential for 10 bcm of biomethane/yr by 2040, says investment association
Turkey has the potential to produce up to 10bn cubic metres (bcm) of renewable biomethane per year by 2040 if existing biogas and landfill gas facilities are upgraded, according to a new analysis by an investment association.
Iran starts capturing associated gas from five oilfields near Iraq border
Iran has begun capturing associated petroleum gas (APG) from five oilfields in the country’s western Ilam province near the Iraqi border.
Ganope targets 44,000 bpd crude output, eyes expansion in southern Egypt
South Valley Egyptian Petroleum Holding Company (Ganope) aims to increase its average crude oil production to 44,000 barrels per day (bpd) during fiscal year 2026/27 (FY 2026/27)
Egypt targets 16 new gas exploration wells in FY 2026/27
The Egyptian Natural Gas Holding Company (EGAS) aims to accelerate domestic supply by drilling 16 new gas exploration wells during the current fiscal year (FY 2026/27)
Iraq seeks higher Qayyarah crude output with Sonangol
Iraq’s Oil Ministry and Angola’s Sonangol discussed plans to develop the Qayyarah oilfield in Nineveh province and increase crude oil production.
Iran lines up $22.9bn oil, gas projects under Pezeshkian
Iran has signed $22.9bn in oil and gas development contracts since President Masoud Pezeshkian took office in August 2024, seeking to ramp up output after war and regional tensions have driven production down.
Saudi Arabia cancels European crude cargoes after pipeline attack
Saudi Arabia has cancelled some September crude cargoes to European buyers and suspended loadings at Yanbu after a drone attack shut the East-West pipeline, with physical cargoes in Europe topping $120 a barrel.
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