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 BOTAS inks series of LNG deals with major energy companies at Gastech conference in Milan

11 September 2025

Turkey’s BOTAS has inked eight agreements with energy companies at the Gastech conference in Milan, with the deals providing it with access to around 6 bcm of additional LNG, Bloomberg has reported.

Italy’s Saipem wins $1.5bn contract to continue development of largest Turkish offshore gas field Sakarya

11 September 2025

Saipem has secured a $1.5bn contract to continue the development of Turkey's largest offshore natural gas field, the Italian engineering group said on September 10.

Aramco launches sukuk offering with $200,000 minimum subscription

10 September 2025

Saudi Aramco launches international sukuk offering with $200,000 minimum subscription for general corporate purposes, appointing major banks as bookrunners.

BP signs deal with Egypt to explore five wells in Mediterranean Sea

10 September 2025

The Egyptian Natural Gas Holding Company (EGAS) signed a memorandum of understanding (MoU) with energy supermajor BP to explore five new wells in the Mediterranean Sea at depths ranging from 300 to 1,500 metres.

ZPEC and H&L Petroleum DMCC sign deal to drill eight wells in Iraq’s Diyala

10 September 2025

Iraq’s state-owned Midland Oil Company (MdOC) has signed a contract to drill eight wells in the Naft Khana block of Diyala province, in a move aimed at boosting the country’s oil and gas production capacity

Iraq’s SOMO holds advanced talks with ExxonMobil on oil storage deal

10 September 2025

Iraq’s State Oil Marketing Organization (SOMO) has entered advanced discussions with ExxonMobil to secure oil storage capacity in Singapore and explore new refining and profit-sharing opportunities in Asia

Turkish companies announce LNG import deals

10 September 2025

Turkish state energy company BOTAS and BP have signed a three year liquefied natural gas (LNG) purchase agreement.

Iraq resumes Syria talks as SOMO provides updates

9 September 2025

Baghdad is continuing talks with Syria about reinvigorating the Kirkuk-Baniyas oil pipeline as it looks for additional export capacity. Meanwhile, the state oil marketer has struck strategic storage deals

Kurdistan-focused GKP considering dual listing in Oslo

9 September 2025

London-listed Gulf Keystone Petroleum is actively exploring a secondary listing on Oslo’s Euronext Growth market

Russian energy officials to visit Tehran for gas export negotiations

9 September 2025

Russian Energy Ministry officials to visit Tehran on Putin's instructions to finalise gas export deal following Iranian President Pezeshkian's talks with Russian leader.

Iraqi PM calls for oil quota review, outlines energy expansion strategy

9 September 2025

Iraqi Prime Minister Mohammed Shiaa al-Sudani has urged OPEC to reconsider Iraq’s oil export quota, arguing it should reflect the country’s reserves, output potential and population size

Kurdish official estimates Iraqi oil losses at $28bn

9 September 2025

The 18-month suspension of oil exports from Iraqi Kurdistan has cost the state more than $28bn in lost revenue, a senior Kurdish official has said

Egypt can secure alternative gas supplies if Israel blocks $35bn deal, rules out Gaza concessions

8 September 2025

Egypt can mitigate risks to its gas supply if Israeli PM Benjamin Netanyahu follows through on his alleged threat to block the $35bn export deal to pressure Cairo on Palestine stance

Iranian Supreme Leader expresses frustration at oil output levels

7 September 2025

Iran’s supreme leader has issued a rare and forceful critique of the country’s struggling energy sector

Iraq and Syria seek to revive Kirkuk–Baniyas oil pipeline

7 September 2025

Iraq and Syria are seeking to reactivate the long-dormant Kirkuk–Baniyas oil pipeline, as both governments seek to diversify export routes and deepen energy cooperation

Iraq sees oil market stability as OPEC+ approves October output increase

7 September 2025

The OPEC+ alliance announced on September 7 that it will raise oil production by 137,000 barrels per day (bpd) from October, citing stable global economic forecasts and tightening inventories

Iraq’s SOMO Insists crude exports unaffected by latest US sanctions

7 September 2025

The head of Iraq’s state oil marketing company (SOMO) has minimised the impact of recent US sanctions, insisting they have no connection to Iraq’s official crude exports

Kuwait faces KWD6.1bn budget deficit amid falling oil prices

7 September 2025

Kuwait is projected to face a budget deficit of KWD6.135bn for the current fiscal year (2025–2026), largely due to a significant drop in oil prices.

Iraq’s SOMO seals oil storage and marketing pacts with Oman’s OQ

7 September 2025

Iraq’s State Oil Marketing Organization (SOMO) signed two agreements with Oman’s OQ and its subsidiary Oman Tank Terminal Company (OTTCO).

Nigeria’s Dangote refinery set to take advantage of Middle East refining pause

3 September 2025

As refineries in the Middle East start to close for maintenance Nigeria’s 650,000 barrel per day (bpd) Dangote refinery is prepared to pick up the slack, increasing its exports to foreign countries in place of Gulf refiners, according to The Punch.

Iranian oil sales rise despite tighter US squeeze

3 September 2025

Iran sold an average of about 630,000 barrels more oil each month in the first four months of the current Persian calendar year (starting on March 21) compared with the same period a year earlier, Oil Minister Mohsen Paknejad said.

West tightens noose on Tehran with sanctions and nuclear ultimatum

3 September 2025

Europe and the US are working to increase pressure on Iran as recent talks appear to have led to a dead end

Iraq’s vehicle LPG network hits 156 outlets

3 September 2025

Iraq’s oil ministry has outlined current capacity and plans for expanding its automotive gas network, which supplies liquefied petroleum gas (LPG) for vehicles

Kuwait pushes ahead on oil expansion with fresh wave of contracts

2 September 2025

Kuwait is advancing its ambitious oil sector expansion programme, awarding a raft of new contracts

Iran rejects Gulf Arab states’ ‘exclusive’ claim over disputed gas field

2 September 2025

Iran dismissed a Gulf Cooperation Council (GCC) statement backing Kuwait and Saudi Arabia’s exclusive rights to a disputed gas field in the Persian Gulf, warning that “unilateral claims” would only inflame tensions.

Edited by

Frazer Simm

Editor

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