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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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Transit of gas from Turkey to EU poses new round of complications
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MEOG: Jordan seeks Iraq supply renewal
Iraq and Jordan renew and extend supply MoU
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Israel says it struck Yemen’s Hodeidah oil terminal
A series of Israeli strikes on Yemen’s Houthi-controlled port of Hodeidah have left mass destruction in the country.
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MEOG: North Oil raises Kirkuk output
Iran’s oil output surges for 2nd straight quarter in 2024, OPEC report shows
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