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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Need more convincing?

Iran now has means to enrich sufficient uranium for nuclear bomb within weeks, says UN watchdog

8 September 2022

Government daily, meanwhile, says “winter will bring the West to its senses”, implying Europe, US need nuclear deal relaunch to unlock Iranian energy supplies.

Israeli PM approves sale of Haifa refinery to Israel Petrochemical Enterprises

7 September 2022

Israel Petrochemical Enterprises is set to go ahead with the acquisition of Bazan, the operator of a 197,000-barrel per day refinery in Haifa, as Prime Minister Yair Lapid gave his approval to the deal on September 6.

Italy receives first cargo of Kuwaiti ULSD

7 September 2022

Kuwait Petroleum International (KPI), a downstream subsidiary of Kuwait Petroleum Corp. (KPC), has delivered its first batch of ultra-low-sulphur diesel (ULSD) fuel to Italy.

DMEA: ZIM, Shell sign 10-year LNG bunkering deal

6 September 2022

ZIM Integrated Shipping Services (Israel) has secured fuel supplies for 10 new LNG-powered ships that are due to enter its fleet in 2023-2024 under a long-term bunkering contract with a subsidiary of Shell (UK).

Iran implies West needs nuclear deal more than it does amid ‘crippling energy crisis’

5 September 2022

Tehran serves reminder that ‘winter is approaching’ and Europe needs Iran’s oil and gas on the market.

MEOG: Novatek leaves Lebanon

5 September 2022

For Cypriot gas, the path to Europe may run through Egypt

2 September 2022

Establishing short subsea links with Egypt may be a faster and cheaper way for Cyprus to launch exports than waiting for EastMed, which would be the world’s longest underwater pipeline.

Macron and Borrell both say Iranian JCPOA deal possible 'within days'

1 September 2022

New understanding between Tehran and major powers could unlock world markets for Iranian oil, countering supply stress caused by attempts to sideline Russian oil.

ZIM, Shell sign 10-year LNG bunkering deal for new container ships

31 August 2022

ZIM Integrated Shipping Services (Israel) has secured fuel supplies for 10 new LNG-powered ships that are due to enter its fleet in 2023-2024 under a long-term bunkering contract with a subsidiary of Shell (UK).

Iran delivers Ukraine ‘peace initiative’ to Russia from unnamed European leader

31 August 2022

Moscow trip of Tehran’s top diplomat, meanwhile, fails to provide clear signal that a nuclear deal relaunch is on the horizon, but hopes are rising.

SATORP reports net profits, revenues up in H1-2022

29 August 2022

Saudi Aramco Total Refining and Petrochemical Company (SATORP) reported last week that its profits and revenues had both increased significantly in the first half of 2022.

Edited by

Frazer Simm

Editor

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