Oil & Gas
Key MENA countries rely on oil & gas for well over 50% of their revenue. For Iraq and Algeria, hydrocarbons provide over 90% of their export earnings. Whilst Saudi Arabia has a (so far largely rhetorical) National Transformation Plan, other countries have barely begun to consider how to adapt to the looming 'energy transition'.
6 Mar, 2026
Featured
Iraq Begins Field Shut-Ins
Iraq has become the first Gulf state to begin shutting-in major fields in response to the Hormuz closure. It won’t be the last.
Basra Crude Exports Have Been Running At Around 3.3mn b/d But Are Set To Crash In March ('000 b/d)
6 Mar, 2026
Top Story
Saudi Aramco Shifts Crude Exports To Yanbu
Aramco is implementing its Hormuz-bypass contingency plan, shifting crude exports from Ras Tanura to Yanbu. It’s an invaluable option, but it does come with limitations. The first step would likely be to redirect around 2mn b/d of Arab Light exports from the Gulf to Yanbu.
Saudi, UAE Hormuz Bypass Pipelines
NEWS IN BRIEF
Aramco Announces Share Buyback Plan
13 Mar, 2026
Progress At Key Saudi Gas Power Plant Projects
13 Mar, 2026
BP Confirms Egypt Offshore Awards
13 Mar, 2026
Egypt Announces Sirius Offshore Drilling Success
13 Mar, 2026
Decision Time For Opec+
27 Feb, 2026
BGC Boosts Gas Capture At Iraq Fields
27 Feb, 2026
SELECTED DATA
Libya Crude Output (‘000 B/D): December’s 1.35mn b/d Was The Highest Monthly Figure Since Early 2013
Kuwait Heavy Crude Oil Production Has Posted Steady Gains (‘000 b/d)
Algeria’s Gas Exports Fell By 6.6% To 48.7bcm For 2024 With Both LNG And Key Pipeline Customer Italy Well Down (bcm)
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