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'.

Oil & Gas

28 Aug, 2026

Featured

Oman To Unlock Heavy Oil

Oman is increasingly reliant on EOR to sustain oil output, and state firms are now examining whether fracking could unlock heavy oil reserves.
PDO Has Gradually Reversed Declines In Oil* Output Since 2007 ('000 b/d)
Oil & Gas

28 Aug, 2026

Top Story

Iraq Chartering Tankers To Take Control Of Shuttle Runs

Iraq’s crude oil exports have rebounded strongly in recent weeks as Somo has sold crude to traders at hefty discounts. Somo now aims to improve its margins by selling directly to customers via Hormuz shuttle runs, but IOTC must race to finalize tanker charters in time to begin September deliveries.
Basra Oil Loadings Rose In August To Their Highest Since The Start Of The US-Iran War (mn b/d)
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NEWS IN BRIEF

Adnoc Adds Two LNG Ships To Fleet

28 Aug, 2026

Doosan To Build 1.7GW Misfah Plant In Oman

28 Aug, 2026

OQEP Plans To Explore Offshore Musandam In 2027

28 Aug, 2026

Kuwait Gas Output Rebound

28 Aug, 2026

US Sanctions Wellbred Trading Firm

28 Aug, 2026

Egypt’s Oil Rebound Fades In 2q

21 Aug, 2026

Meridiam Takes Control Of Cyprus-Greece Power Link

21 Aug, 2026

Eni, Sonatrach Look To Reduce Algeria Upstream Emissions

21 Aug, 2026

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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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