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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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Iranian gas suppler boosts output by 42% amid ongoing shortage
The CEO of a state-run energy company in Iran said its gas output had surged by around 42% this year as part of efforts to alleviate a chronic fuel shortage in the country.
Saudi Arabia enacts new petroleum and petrochemicals law
Key Chinese port bans tankers carrying sanctioned oil
Shandong Port Group, the largest oil terminal receiving oil from Iran, Russia and Venezuela, has banned the entry of US-sanctioned tankers amid a major decline in Iranian oil exports over the past two months.
Iraq to make contract with UAE for 100mn cubic feet of gas
SOCAR Türkiye plans to invest $7bn in building additional Petkim petrochemical plants
Iranian energy giant pushes up oil, gas output in four months
Crude oil and natural gas production has been ramped up significantly at the Iranian Central Oil Fields Co. (ICOFC) over the past four months, its chief executive said.
Terms ironed out for Kirkuk redevelopment as WQ-1 hits record
Two major projects are gaining momentum that Baghdad hopes will enable it to meet an ambitious output expansion target and fulfil as yet unmet potential
Iraqi cabinet signs off on Basrah-Haditha pipeline
The Iraqi cabinet has sanctioned the Basrah-Haditha oil pipeline project
Kuwait maintains upstream progress
A Kuwaiti scholar has provided updates on the country's ongoing efforts to augment its reserves
SNOC contracts Hilong for onshore drilling work
SNOC has signed an onshore drilling contract with Ocean Oil Service, a subsidiary of Hilong Holding
Iranian gas production record shattered four times this year, state supplier says
Iranian Deputy Oil Minister Saeed Tavakkoli said that the country's natural gas output record had been broken four times since late July when the new government took office.
Iraq denies halting oil exports to Syria
First private oil terminal launched on pilot basis in southern Iran
Iran’s first private-sector oil terminal was launched on a pilot basis at the South Pars gas field in the Persian Gulf after the loading of fuel by a Bangladeshi vessel.
Iran to start further developing oil field shared with Iraq
Iran is set to kick off the second phase of the development of a shared oil field with Iraq with an investment of $1bn in less than three months.
MEOG: Subsea7 picked for Abu Sa’fah work
Qatar threatens to halt LNG deliveries to EU if new labour and environment law is passed
Qatar will pull the plug on LNG deliveries to EU countries if they strictly enforce a new law on forced labour and environmental damage.
Iran hits record 865mn cubic metres of daily gas production
Iran has achieved a record daily production of 865mn cubic metres of sweet gas, according to Mohammadreza Julaei, the director of the Gas Dispatching Department in the National Iranian Gas Company.
Qatar joins regional powers in Damascus diplomatic outreach
Qatar has dispatched a high-level diplomatic mission to Damascus as it moves to engage with Syria's new administration.
Iraq halts oil exports to Syria amid regional instability
Iraq has suspended crude oil exports to Syria, citing regional instability, in a move that threatens to deepen Syria's fuel crisis
Turkey, Syria tandem could mean piped Qatari gas for Europe and a supercharged Middle East clean energy transition
Prize could be huge for Ankara and Damascus if the Syrian fighting is really over.
PANNIER: Why the Turkmenistan, Iran gas “friendship” is back on
In tough struggle to find new export markets, Turkmen even agree to Iranian contractors building infrastructure in tightly controlled Central Asian country.
Iran boosts oil, gas output amid US crackdown on sales
Iran’s oil and gas output has ramped up over the past three months, Deputy Oil Minister Hamid Bovard said on December 18, as the country is poised to face heightened pressure under a second Trump administration.
Syria looks for stability in an unstable situation
For the general populace in the Syrian cities of Aleppo, Homs, Hama and Damascus there has been overwhelming jubilation that the al-Assad dictatorship has finally fallen.
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