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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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Iran feeds associated gas into national grid from western plant
An associated petroleum gas (APG) processing plant in western Iran has pumped treated gas into the national trunkline for the first time, as cold weather drives up energy demand in the country.
Egypt approves $208mmn oil and gas agreements in Western Desert
The Egyptian cabinet has approved a draft law endorsing a concession agreement for the exploration, development and production of oil and gas in the Badr El-Din Integrated Area in the Western Desert
Jordan bans production and sale of gas heaters over safety concerns
Jordan has permanently banned the production, sale and circulation of all types of gas heaters commonly known as “Shamousa” and similar models, warning that violators will face legal accountability
Erdogan urges Russia, Ukrain to stop targeting Black Sea vessels
Turkish President Recep Tayyip Erdogan on December 15 urged Russia and Ukraine to stop targeting vessels on the Black Sea, addressing an event organised by Turkey’s foreign minister to bring together Turkish ambassadors in Ankara.
Iran’s gas use jumps as cold snap grips country
Gas consumption in Iran’s domestic sector has shot up as a cold snap swept across much of the country, the National Iranian Gas Co. (NIGC) said.
Iran raises South Pars output again as new well comes onstream
Natural gas extraction from Iran’s South Pars field rose by 1.7mn cubic metres (mcm) per day, the second such increase this month by the state-run Pars Oil and Gas Co. (POGC).
Egypt expects $16.7bn in oil and gas investments over five years, says minister
International energy majors are currently planning to invest around $16.7bn in Egypt’s oil and gas sector over the next five years
Iraq’s SOMO confirms continued crude exports to US
Iraq’s State Organisation for Marketing of Oil (SOMO) announced on December 14 that the recent rise in crude oil exports to the United States, which reached about 435,000 barrels per day (bpd)
New wells to boost Masirah Oil production
Masirah Oil Ltd (MOL) is preparing for the expansion of at its Yumna field offshore Oman, scheduled for the first quarter of 2026
Iran plans major gas pipeline additions
Plans are underway to build and connect more than 1,000 kilometres of new natural gas transmission pipelines to the national grid by mid-March 2026, Iranian Oil Minister Mohsen Paknejad said.
Syria's oil and gas production dropped by 70% Since 2011
Syria’s energy sector has been severely impacted by the ongoing conflict, resulting in a sharp decline in oil and gas production over the past 14 years
Iraq exports over 2mn barrels of oil to Jordan in 2025
Iraq's State Oil Marketing Organisation (SOMO) announced on December 15 that the country exported more than 2mn barrels of crude oil to Jordan in the first 10 months of 2025
Egypt plans to cut fuel imports by 15% in 2026, aims to save $3.24bn
Egypt’s Ministry of Petroleum plans to reduce the country’s monthly fuel imports by 15% in 2026 as part of an effort to curb fuel subsidies and lower the cost of energy imports
Yemen’s southern separatists and tribes seize critical energy assets
Recent territorial gains by the UAE-backed Southern Transitional Council (STC) have effectively placed the majority of Yemen’s south and east under separatist influence
Local firm awarded trunk line project for Kuwait Oil Co.
Kuwait's KOC is advancing its long-term strategic plan to maximise recovery and output from the northern oilfields
Iran seizes foreign tanker in Gulf of Oman over alleged fuel smuggling
Iranian judicial authorities said they had impounded a foreign oil tanker in the Gulf of Oman and detained all 18 crew members on charges of “carrying millions of litres of smuggled fuel.”
Turkey looks to expand Turkmen gas swap deal
Questions over potential US and EU sanctions cloud efforts.
Erdogan asks Putin for limited shipping ceasefire. Hours later Russia hits three Turkish vessels in Ukraine ports
Attacks amount to rebuff to request made by Turkey’s president in face-to-face meeting with Russian leader.
Eni, ExxonMobil plan $300mn investments in Egypt’s Nour block, Western Zohr concession
Eni is set to begin drilling a second gas well at the Nour offshore concession in the eastern Mediterranean in February, with an estimated investment of $150mn. ExxonMobil to inject $150mn in investments to drill well in the Western Zohr concession
Iran boosts South Pars output after new wells come online
Natural gas extraction from Iran’s South Pars field surged by 3mn cubic metres (mcm) per day after the state-run Pars Oil and Gas Co. (POGC) brought two new wells onstream in Phase 13 of the colossal offshore asset, the company’s CEO said.
Iran cuts reliance on imported products via reverse engineering
Iran has considerably reduced its reliance on imported parts for its oil, gas and petrochemical sectors, the head of the Pars Special Economic Energy Zone (PSEEZ), Sekhavat Assadi, said.
Four Saudi firms sign deals to develop Syrian oil and gas fields
Four Saudi firms sign agreements with Syrian Petroleum Company to develop oil and gas fields, targeting increased production through technical services, infrastructure development and enhanced exploration activities.
Aramco to launch Jafurah condensate exports in February
Saudi Aramco is set to commercialise the first liquid flows from its strategic Jafurah unconventional gas basin in February
Majors and Gulf capital eye Syria’s post-conflict pivot
Chevron and Saudi firms are re-entering Syria’s energy sector as Damascus pivots from Tehran to court global capital.

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