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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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Iraqi oil minister secures fuel supply for Rajab Pilgrimage
Indian refiners pivot to Middle East following fresh US sanctions
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Yemen Houthis halt attacks on non-Israeli Red Sea shipping
The Iranian-backed Houthi militia in Yemen has announced that it will halt attacks against all but Israeli-owned shipping in the Red Sea.
Kuwait announces offshore oil discovery of 800mn barrels
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Iran to restart offshore oil exploration after five-year pause
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Saudi energy giants plan critical minerals venture
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Iraq, BP to sign major Kirkuk fields deal worth over $27bn
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