Corporate

MENA has the world's largest upstream reserves. But tough terms and, in some countries, an outright ban on foreign operators, means it is often a difficult hunting ground for international oil firms. Total sees the advantage in low-cost barrels in Abu Dhabi, and underpriced (it reckons) Libya assets. Chinese and Russian firms are also expanding. But many US firms are pulling back, eyeing better returns in domestic shale.

Corporate

21 Nov, 2025

Featured

OQEP Profits Down

OQEP’s profits are down 10% over the first nine months of the year due to lower oil prices. Increased investments as the company seeks to develop new assets have also contributed to the drop in profits.
OQEP Oil And Condensate Sales* Rise (‘000 b/d)
Corporate

28 Nov, 2025

Top Story

Adnoc Keeps Annual Capex At $30bn Out To 2030

Abu Dhabi state energy giant Adnoc plans to invest $150bn between 2026 and 2030. Spending will focus on billion-dollar upstream developments in the UAE and international investments through XRG.
Adnoc’s Planned Annual Capex^ Remains At $30bn Out To The End Of The Decade ($bn)
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SELECTED DATA

PTTEP’s Algeria Output Is Set To More Than Double, With Gas Becoming Dominant, With Purchase Of Touat Stake (‘000 b/d & boe/d^)

Egypt’s Zohr Gas Field: Output Has Dropped To 1.6bn cfd Ahead Of Development Drilling That Aims To Add 220mn cfd By Mid-2025 (bn cfd)

Turkmenistan Gas Exports: Heavily Reliant On China (bcm)

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