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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Aramco's bid to buy Repsol's renewables business collapses

24 September 2025

Talks for Saudi Aramco to acquire a minority stake in Repsol’s renewables business have collapsed, ending months of negotiations over a potential €1bn investment.

Word leaks of $43bn US-Turkey LNG deal ahead of Trump-Erdogan meeting at White House

24 September 2025

Agreement would cover imports through 2045.

Iran’s Dehloran petchem project stuck without feedstock

24 September 2025

Iran’s Ahdaf Investment Group has poured $400mn into the Dehloran petrochemical project in the western Ilam province, near the Iraqi border, but the scheme remains in limbo due to a lack of feedstock, its chief executive said.

CPPE picks up contract for Iraq water supply pipelines

23 September 2025

Basra Oil Company (BOC) has finalised a contract with CPPE to build a 950km pipeline network to deliver seawater to multiple oilfields in southern Iraq in a scheme overseen by Austria’s ILF Consulting Engineers,

Syria to establish energy company modelled on Saudi Aramco structure

23 September 2025

Syria plans new energy company based on Saudi Aramco model as part of sector restructuring efforts following Saudi oil grant worth $120mn to support refinery operations.

Iranian cloak and dagger keeping oil sales flowing

23 September 2025

Iran’s oil exports are being pursued “in line with macro policies and through diverse methods,” Deputy Oil Minister Hamid Bovard said, pushing back against claims that the Islamic Republic had shifted its marketing strategy.

UAE-based Dragon Oil signs Iraqi oilfield services deals

23 September 2025

Dragon Oil has signed two MoUs relating to its expanding oil activities in Iraq

World's leading producers continue output plans above Paris deal compatibility

22 September 2025

Many of the world’s major fossil fuel producers plan oil, gas and coal extraction far beyond levels compatible with the Paris Agreement.

Iran exports its first gas turbine to Russia

22 September 2025

Iran has exported a modern gas turbine of its own design to Russia for the first time, Iranian Energy Minister Ali Akbar Aliabadi said on September 18.

Jordan and Egypt discuss enhanced energy cooperation

22 September 2025

Jordan and Egypt ministers discuss expanded energy cooperation in natural gas and renewables, emphasising technical expertise exchange for enhanced regional energy security.

Iraqi Kurdistan oil exports may resume under trilateral agreement

22 September 2025

Iraq and Kurdistan sign trilateral agreement to resume oil exports via Ceyhan pipeline after 30-month suspension, targeting 230,000 barrels per day initially.

Iranian union claims sanctions snapback will not derail crude sales

21 September 2025

The return of United Nations sanctions on Iran is unlikely to disrupt Iran’s crude exports, just as previous rounds failed to halt flows more than a decade ago, a union leader said.

Iran’s NIDC completes second well in Yadavaran campaign

21 September 2025

The National Iranian Drilling Co. (NIDC) has wrapped up drilling of the second development well in the joint Yadavaran oil field, part of a six-well programme aimed at boosting output from one of Iran’s largest shared deposits with Iraq.

Washington reportedly refusing to apply sanctions waiver to Iraq-Turkmenistan-Iran gas supply deal

21 September 2025

Washington has reportedly rejected Iraq’s request for a sanctions waiver that would allow it to import gas via pipeline under a swap arrangement involving Turkmenistan and Iran.

Iraq raises oil exports after easing OPEC+ cuts

21 September 2025

Iraq has increased its oil exports after beginning to unwind voluntary production cuts under the OPEC+ agreement, the country’s state oil marketer SOMO announced

Kazakhstan resumes oil exports via BTC after one-month suspension

19 September 2025

Kazakhstan has resumed oil exports via the Baku–Tbilisi–Ceyhan (BTC) pipeline, which runs to Turkey's Mediterranean coast, after a one-month suspension, reopening a key westbound corridor that avoids Russian territory, Oilprice.com reported.

Egypt secures deal with Eni to export Cyprus’ Cronos gas field output

18 September 2025

Egypt has agreed with Italy’s energy major Eni to re-export the entire production of Cyprus’ deepwater Cronos gas field in the Eastern Mediterranean

Sunfusion project of Turkish refiner Tupras to produce biofuel from algae and yeasts

18 September 2025

Top Turkish refiner Tupras is working on a technology that will produce biofuel from purified microalgae and oleaginous yeasts with the use of solar energy, Balkan Energy Green News reported on September 16.

SOCAR says world’s largest container shipping company MSC to take stake in Turkish terminal on Aegean Sea

18 September 2025

Terminal Investment Limited, a unit of Mediterranean Shipping Company (MSC), the world's leading container shipping company, is to become a shareholder in SOCAR Terminal in Turkey, Azerbaijani state-controlled SOCAR said on September 16.

Chevron signs $610mn deal to extend Israeli gas exports to Egypt

17 September 2025

US energy major Chevron announced a deal with Israel’s state-owned pipeline operator to construct the Nitzana pipeline, which will transport natural gas from the Leviathan field to Egypt,

Chinese engineering firm scores $4bn in contracts at Qatari oil and gas field

17 September 2025

China’s Offshore Oil Engineering Compan has secured two major contract packages from QatarEnergy worth about $4bn for the redevelopment of the Bul Hanine offshore oil and gas field.

US blacklists 16 people, entities over Iranian oil sales

17 September 2025

The United States has imposed fresh sanctions on a network of individuals and firms it says have been helping Iran sell oil and funnel money to its military, in the latest move under President Donald Trump’s “maximum pressure.”

IEA warns that output at existing oil and gas fields is falling faster than expected

17 September 2025

Analysis of thousands of reservoirs shows that many of the largest conventional fields have already peaked, while unconventional sources such as shale need constant drilling to maintain production.

Iraq ranks second among OPEC oil producers in August

17 September 2025

Iraq was the second-largest crude oil producer in OPEC in August 2025, according to the latest figures released by the Organisation of the Petroleum Exporting Countries (OPEC)

Edited by

Frazer Simm

Editor

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