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'.
11 Jul, 2025
Featured
IOCs Eye Libya Bid Round
Libya’s NOC is extending the deadline for its bid round into 2026. It offers a mix of exploration assets and discoveries and has attracted interest from global majors.
Output For Libya's Key Producers Fell For 2024 On Lengthy Shut-Ins
11 Jul, 2025
Top Story
Exxon’s East Med Drilling Campaign Ends On High Note
Exxon finished its three-well East Med drilling campaign with the Pegasus discovery offshore Cyprus; Reserves could be as high as 5tcf, partially making up for the disappointing earlier results at Elektra. The likeliest path to monetization is via Egypt.
Cyprus Key Blocks & Gas Discoveries
NEWS IN BRIEF
Gulf Firms Tie Up Short-Term LNG Deals
11 Jul, 2025
US Lifts Syria Sanctions
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
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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