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
23 Jan, 2026
Featured
KRG Oil Gains Slow
Gulf Keystone expects output at its Shaikan field in Kurdistan to decline slightly this year as it holds off on investment amid ongoing uncertainty.
Shaikan Output Forecast To Decline In 2026 Despite Resumption Of Exports ('000 b/d)
Corporate
23 Jan, 2026
Top Story
Libya Takes ‘Pivotal Step’ With First Deepwater Well
Eni and BP have begun drilling Libya’s first ever deepwater well. The landmark comes as Libya prepares to host a major industry event to show it’s open for business.
Eni/BP Drill Libya’s First Deepwater Exploration Well
NEWS IN BRIEF
Syria Boosts Domestic Gas Supplies
30 Jan, 2026
KPC Plans Ratqa Cogeneration Project
30 Jan, 2026
Iraq To Study Haditha-Banias Oil Export Pipeline
30 Jan, 2026
Adnoc, Taqa Sign 27-Year Utilities Deal For Ta’ziz
30 Jan, 2026
Qatari Petchem Firm MPHC: Profits Down $51mn
30 Jan, 2026
MBPS Awarded Three Rig Drilling Contract By KOC
30 Jan, 2026
Leviathan, Karish Outages Reduce Israel Gas Supplies
30 Jan, 2026
PPAs Signed For 2.6GW Gas Power Plants In Oman
23 Jan, 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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