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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Egypt reports multiple oil and gas discoveries in New Delta, Eastern and Western Deserts

22 October 2025

Egypt’s Ministry of Petroleum has confirmed 18 new oil and gas discoveries since July 2025, adding roughly 14,000 bpd and 44mn cubic feet of gas per day to national output. The finds were led by Harbour Energy, Dana Gas, Eni, and Cairn Energy.

Iraq and Turkmenistan sign MoU on energy cooperation and gas imports

22 October 2025

Iraq’s Ministry of Foreign Affairs announced the signing of a memorandum of understanding (MoU) with Turkmenistan to enhance cooperation in the field of energy and facilitate gas imports to meet both countries’ growing energy demands

Saudi Aramco sees three private deals worth SR57.4mn on Tadawul

22 October 2025

Saudi Aramco recorded three private share transactions on Tadawul worth SR57.4mn on October 22, with deals ranging from 400,000 to 941,320 shares at prices between SR25.14 and SR25.16 per share.

Egyptian increases fuel imports by 60% y/y to free up natural gas for exports

22 October 2025

The Egyptian General Petroleum Corporation (EGPC) has reportedly bought about 1mn tonnes of diesel, gasoline, and liquefied petroleum gas (LPG) for delivery in November 2025, up 60% year-on-year (y/y)

Cyprus signs agreements to transport gas from Cronos field to Egypt

22 October 2025

Egypt and Cyprus have signed agreements for the transportation of gas from Cyprus’s Kronos field to Egypt

Turkey’s Russian Urals crude oil imports in October look set to match those of September

21 October 2025

Turkey reportedly looks set to maintain its imports of Russian Urals crude oil in October at around 280,000 barrels per day (bpd), with the figure forecast to be flat against the September intake.

Iran deepens oil discounts to China amid tougher sanctions, says Kpler

21 October 2025

Iran has increased the discount on its crude oil exports to China eightfold since March as tighter US embargo and the return of UN sanctions complicate the logistics of its shipments, a senior commodity analyst at data and analytics firm Kpler said.

Egyptian firm Petrojet secures $1.08bn contract for Algeria's Hassi Bir Rekaiz oil project

21 October 2025

Egypt’s state-owned oil services firm Petrojet secured a preliminary award worth $1.08bn for the role of general contractor in the second-phase development of the Hassi Bir Rekaiz oil field in Algeria.

Jordan receives 117,000 barrels of crude oil from Iraq in October

21 October 2025

Jordan’s Ministry of Energy and Mineral Resources confirmed that the Jordan Petroleum Refinery in Zarqa received 117,182 barrels of crude oil from Iraq between October 11 and 19. The deliveries came under the memorandum of understanding.

South Pars gas refineries overhauled early ahead of winter, Iranian official says

21 October 2025

Iran has completed major maintenance works at all 13 refineries of the South Pars Gas Complex (SPGC) ahead of schedule, a move aimed at ensuring steady gas production through the winter months, the head of the National Iranian Gas Co. (NIGC) said.

Saudi shipping major Bahri confirms 10-year crude transport deal with South Korea’s S-Oil

21 October 2025

Under the newly announced agreement, Bahri will transport crude oil on very large crude carriers from the Arabian Gulf and the Red Sea to the port of Onsan in South Korea.

Kuwait Drilling Co. awarded deal to drill wells at Jordan’s Risha

20 October 2025

Jordan has kicked off efforts to expand gas output at Risha, awarding a contract to the Kuwait Drilling Co. (KDC)

Syria uncovers SYP32bn in corruption within energy sector

20 October 2025

Syria’s Central Inspection Authority has uncovered significant financial and technical violations amounting to billions of Syrian pounds in oil and gas supply contracts signed during the previous regime’s rule

China's United Energy buys Egyptian oil producer Apex for $156.7mn

20 October 2025

China's United Energy Group (UEG) has purchased Apex International Energy for $156.7mn, thus controlling eight oil concessions producing 11,000 barrels a day in Egypt's Western Desert

Kuwait makes offshore gas find as onshore contracts awarded

19 October 2025

KOC has continued its offshore success, reporting the discovery of significant offshore gas reserves as contracting continues onshore.

Iraq signs contract for 3,000MW Faw gas power plant in Basra

19 October 2025

The Iraqi government has signed a contract to build the Faw Gas Power Plant, an investment project with a capacity of 3,000 megawatts (MW) using a combined-cycle system in Basra province

Iran halts condensate exports from South Pars as new refineries come online

19 October 2025

Export of condensate from Iran’s giant South Pars gas field was stopped following the start-up of new petro-refineries in the Pars Special Economic Energy Zone (PSEEZ), the zone’s head, Sekhavat Assadi.

US oil companies return to Iraq as American military plans withdrawal

19 October 2025

Major US oil companies return to Iraq with ExxonMobil signing Majnoon field development agreement on October 8, as American military prepares withdrawal by September 2026 amid intensifying US-China competition.

Tanker carrying Iranian LPG catches fire off Yemen

19 October 2025

A Cameroon-flagged tanker laden with Iranian liquefied petroleum gas (LPG) caught fire in the Gulf of Aden on October 19, a maritime tracking service said.

Commercial gas sales start at MOL-invested Kurdistan gas project

16 October 2025

Pearl Petroleum, the operator of the consortium at the Iraqi Kurdistan Khor Mor facility, which includes MOL, announced the start of commercial gas sales, marking a 50% increase in processing capacity.

Iranian oil firm launches pilot water injection at Ahvaz field to boost recovery

16 October 2025

The National Iranian South Oil Co. (NISOC) launched a pilot project to inject low-salinity water into a reservoir of the giant Ahvaz oil field — Iran’s largest — in a bid to boost recovery rates and cut reservoir risks.

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Edited by

Frazer Simm

Editor

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