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

1 May, 2026

Featured

Abu Dhabi's Masdar At 20

Abu Dhabi’s renewables investor Masdar has evolved into a global powerhouse since its establishment 20 years ago. There’s more growth to come.
Masdar Is Two-Thirds Of The Way To 100GW* By 2030 (GW)
Corporate

8 May, 2026

Top Story

Chevron Eyes Further East Med Growth

Chevron has built one of the leading East Med upstream portfolios. With regional demand rising, it is investing for growth offshore Israel, Egypt and Cyprus.
Chevron Gross Israel Output Falls For Third Consecutive Quarter To Five-Year Low 1.82bn Cfd On Conflict Related Leviathan Shut-In (mn cfd)
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NEWS IN BRIEF

World Bank Approves $1bn Egypt Reform Package

15 May, 2026

TotalEnergies Signs Egypt West Med MoU

15 May, 2026

Kuwait Captures Iranian Operatives

15 May, 2026

Iraq’s BGC Exports Condensate Cargo

15 May, 2026

Saudi’s Rabigh 4 Desalination Plant Brought Online

15 May, 2026

Trump-Xi Summit: No Iran Breakthrough

15 May, 2026

Israel To Examine Gas Storage Potential

8 May, 2026

Second Iraqi Fuel Oil Tanker At Banias

8 May, 2026

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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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