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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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Saudi shipper Bahri signs deal for nine oil tankers
Bahri has signed a deal to acquire nine VLCCs for $1bn
Iran offers ‘cheapest’ crude oil to China
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Mohsen Paknejad voted in as Iran’s oil minister
Mohsen Paknejad became Iran’s new oil minister after parliament granted a relatively resounding vote of confidence to him.
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Turkey’s oil and gas production hits record high in June
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Iran's technocratic oil minister pick is set to move into post
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Tethys Oil kicks off drilling at Oman’s Block 58
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Iraq looks to overcome expansion challenges
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Venezuela wants to offer its oil reserves to the BRICS
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ADNOC Gas announces Q2 results and dividend increase
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