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

27 Jun, 2025

Featured

Israel Restarts Gas Fields

When Israel’s Leviathan and Karish fields came back online this week Egypt and Jordan breathed a sigh of relief. Egypt’s gas output continues to fall, albeit at a slower rate, as it awaits the start-up of new wells.
Egypt Gas Consumption Jumped 16% Month-On-Month To Post Highest April On Record (bn cfd)
Oil & Gas

4 Jul, 2025

Top Story

Israel-Iran Conflict Exposes East Med Gas Interdependence

It is a paradox that gas trade between East Mediterranean states with fraught relations is stronger than between the allied states of the GCC. The Israel-Iran conflict exposed the risks of this uncomfortable interdependence, but absent realistic alternatives the status quo is likely to remain.
Israel Gas Exports At Record 1.35bn cfd For Q1 Ahead Of Q2-Conflict Related Drop (mn cfd)
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NEWS IN BRIEF

Gulf Firms Tie Up Short-Term LNG Deals

11 Jul, 2025

US Lifts Syria Sanctions

11 Jul, 2025

Saudi Arabia Increased Production In June Amid Regional Conflict

11 Jul, 2025

Israel’s Bazan Refinery Partially Restarts

4 Jul, 2025

Work Starts At Oman’s First Green H2 Site

4 Jul, 2025

Shell Appoints New Oman Head

4 Jul, 2025

Iran Suspends IAEA Cooperation

4 Jul, 2025

Adnoc Targets 1.5Mn B/D at Upper Zakum

4 Jul, 2025

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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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