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
10 Jul, 2026
Featured
UCC Inks $1bn Deal In Libya
Syrian-Qatari conglomerate UCC Holdings aims to create a sizeable energy arm. Already active in Iraq and Syria, this week it secured prominent acreage in Libya.
Libya’s ‘Area 47’ (North Hamada) Development Plans
Corporate
24 Jul, 2026
Top Story
New $20bn Israel-Egypt Gas Sales Deal Planned
Partners at Israel’s Tamar gas field have unveiled plans for a $20bn gas sales deal with an Egyptian counterpart. Regional gas interdependence is deepening.
Tamar Field Stakes (%): Isramco & Mubadala Wait For Other Partners To Join Egypt Gas Sales MoU
NEWS IN BRIEF
Energean Boosts Israel Oil Capacity
24 Jul, 2026
Egypt Gas Consumption Posts May Record
24 Jul, 2026
Aphrodite Gas Sales MoU Signed
24 Jul, 2026
Qatar Progresses North Field Work
24 Jul, 2026
EDF Awards 500MW Oman Solar EPC
24 Jul, 2026
China Slashes Middle East Oil Imports
24 Jul, 2026
Sabic Plans Rongsheng Petrochemicals Tie-Up
17 Jul, 2026
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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