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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Turkey’s Sasa to establish company for $25bn refinery, petrochemicals investment

26 August 2025

Turkey’s Sasa Polyester Sanayi A.S. has announced a decision to establish a wholly owned subsidiary, Sasa Rafineri A.S., with an initial capital of TRY 100mn ($2.4mn), to lead its strategic $25bn investment in a refinery and petrochemical complex.

Abraj receives contract extension for Oxy in Oman

26 August 2025

Oman’s Abraj Energy Services, the country’s largest oilfield services firm and a subsidiary of state-owned OQ, has secured a five-year extension worth $221mn to its drilling contract with Occidental Oman (Oxy).

Iran begins pumping oil through new Sazbab-Shazand pipeline

26 August 2025

Iran started pumping crude oil into a newly built pipeline connecting its oil-rich southwest to central provinces in what officials hailed as a major step to boost the country’s refining capacity.

Iranian crude output at highest since 2018, deputy minister says

26 August 2025

Iran’s crude oil production has climbed to its highest level since 2018, despite mounting US sanctions, Deputy Oil Minister Hamid Bovard said.

Israel signs off on Leviathan expansion following Egypt deal

26 August 2025

Following a major recent gas deal, Israel has signed off on a major expansion phase at its largest gas field

Saudi stocks slip below 10,900 points amid uncertainty and hesitation in country

25 August 2025

Saudi stocks edge lower to 10,898 points with mixed sector performance as uncertainty prevails, though market maintains key support levels above 10,870 points.

Gas deal with Russia via Azerbaijan almost done, price still sticking point, envoy says

25 August 2025

Iran’s ambassador to Moscow said that talks with Russia’s energy giant Gazprom over transferring pipeline natural gas were making headway, with “almost all issues resolved,” though the price tag remained a stumbling block.

Iran’s Karoon Oil keeps record 1mn bpd output, CEO says

25 August 2025

Iran’s state-run Karoon Oil & Gas Production Co. (KOGPC) has kept crude output steady at 1mn barrels per day (bpd), a record high hit in March, its chief executive Hassan Shahrouei said.

Iran’s petrol demand jumps 7% in five months

25 August 2025

Daily petrol consumption in Iran climbed about 7% over the past five months, the head of the state-run National Iranian Oil Products Distribution Co. (NIOPDC) said, after record demand in June was driven by panic buying during Israeli air strikes.

Iran’s Petropars raises South Azadegan oil output by 8,000 bpd

25 August 2025

Iran has increased crude oil production at its strategic South Azadegan field by 8,000 bpd

Firms resume oil output in Iraqi Kurdistan amid crucial talks with Baghdad

24 August 2025

A KRG delegation is set to visit Baghdad for negotiations as international energy firms begin restoring oil production

Oman’s OQEP ramps up development at key assets

24 August 2025

Oman’s OQEP is intensifying development across its upstream portfolio

Iran condemns UK sanctions as Britain targets oil network

21 August 2025

Iran condemns UK sanctions on oil magnate Mohammad Hossein Shamkhani and four companies as "baseless" whilst Britain cites destabilising activities and regional proxy.

US Treasury sanctions Iranian oil exports and shadow fleet operations

21 August 2025

US Treasury sanctions 13 entities, eight vessels and one individual involved in Iranian oil shadow fleet operations whilst removing four Belarus-related designations from sanctions list.

Uganda signs $4bn oil refinery deal with UAE's Alpha MBM Investments

21 August 2025

Uganda has finalised an agreement with UAE-based Alpha MBM Investments LLC to develop a 60,000-bpd crude oil refinery in Kabaale. The $4bn project is expected to begin construction later this year and could be operational within three years.

Jordan launches first CNG refuelling station powered by Risha field

21 August 2025

Jordan inaugurated its first independent compressed natural gas (CNG) refuelling station for buses, trucks and other vehicles, in what officials described as a major step to expand natural gas use domestically and reduce energy costs.

Iraq to end fuel imports within months as petrol purchases decline

21 August 2025

Iraq’s Oil Ministry announced a plan to end fuel imports by late 2025 or early 2026, after significant progress in refining capacity reduced reliance on foreign supplies, as reported by Iraqi News Agency INA on August 20.

Local media accuse Iranian Oil Ministry of indecision over development projects

21 August 2025

Iran’s Oil Ministry is facing one of its most turbulent periods in decades, with mounting criticism over delays, contradictory policies, and what local media describe as “paralysis in decision-making.

Iran judiciary says billionaire Zanjani’s firms handed over in full to NIOC

20 August 2025

Iran’s judiciary said 17 companies owned by notorious business tycoon Babak Zanjani had been fully transferred to the National Iranian Oil Co. (NIOC), rejecting reports that the assets had not changed hands.

Iran’s oil output surges by over 6% in July, IEA data shows

20 August 2025

Iran’s crude oil production climbed by 6.1% in July, according to the International Energy Agency (IEA), putting the OPEC member’s output on an upward trend despite ongoing US sanctions.

Iran says gas import deal with Russia not finalised yet due to political, technical hurdles

20 August 2025

A long-discussed gas import agreement between Iran and Russia is in limbo, with Tehran citing political and technical issues that have stalled the deal, the head of the National Iranian Gas Co. (NIGC) said.

Edited by

Frazer Simm

Editor

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