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.
28 Feb, 2025
Featured
BP Lands Kirkuk Terms
Iraq and BP have finalized terms for redevelopment of the giant Kirkuk fields. The UK major will develop both oil and gas but the precise contract model remains unclear.
Iraq's Northern Oil And Gas Infrastructure
7 Mar, 2025
Top Story
Saudi Aramco Maintains Investment Focus Despite Falling Profits
Aramco’s capex could rise as high as $58bn for 2025, the firm says, as it presses ahead with a swathe of ambitious projects across the energy mix. But last year’s lower oil prices mean a much-reduced dividend to Saudi state coffers.
Aramco Guides For Further Capex Increases In 2025 Despite Reduced Earnings ($bn)
NEWS IN BRIEF
Kuwaiti Power Minister Resigns
14 Mar, 2025
Total Starts Work On 1GW Iraq Solar
14 Mar, 2025
Libya Restarts Mabruk Oil Field
14 Mar, 2025
UAE $18.5bn Sour Gas ‘Ahead Of Schedule’
14 Mar, 2025
Scatec: 1.1GW Egypt Solar/Storage PPA
14 Mar, 2025
IMF To Lebanon: No Cash Yet
14 Mar, 2025
Qatar: 500MW Power Boost
7 Mar, 2025
US Designates Houthis Foreign Terrorists
7 Mar, 2025
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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