MEOG - Middle East Oil & Gas

Category
Oil & Gas

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Overview

With around 40% of the world’s oil supply coming from the Persian Gulf, in addition to exploration and production (E&P), MEOG’s coverage includes policy and transport issues which can cause price spikes in the global hydrocarbon markets.

MEOG offers insight into the latest developments in the oil and gas sectors of Bahrain, Iraq, Iran, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Syria, Turkey, the UAE and Yemen. While much of the region has been extensively explored, there remain ‘frontier’ areas of E&P. Oil shale efforts in Jordan could provide vast resources through the greater cost effectiveness of new technologies. To the north-west, Beirut has grown increasingly impatient to follow the major gas discovery trend in the Eastern Med. and Lebanon’s first offshore bid round is likely to kick off drilling campaigns in the medium term.

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Need more convincing?

End of Vienna talks means US, Iran political approvals now needed to revive nuclear deal

8 August 2022

And there’s no guarantee they will be forthcoming.

PdVSA reportedly diverts Iranian crude to another refinery because of quality issues

8 August 2022

Venezuela’s national oil company (NOC) PdVSA has reportedly not been able to process crude received from Iran at its 140,000 barrel per day (bpd) El Palito refinery as planned because of quality issues.

OPEC+ tiny production increase is a slap in face for Biden

4 August 2022

Arab oil exporters responded to a visit by US President Joe Biden to the region in July with the smallest increase in quotas in history – just 100,000 barrels per day at an OPEC+ meeting in Vienna on August 3.

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Edited by

Frazer Simm

Editor

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