The Pentagon said on Sunday that it had ordered the aircraft carrier Nimitz to remain in the Middle East because of Iranian threats against President Trump and other American officials, Continue Reading
An oil tanker off the coast of Iraq discovered an explosive object attached to its hull, the latest incident highlighting the risk to ships in the waters near the Arabian Continue Reading
A Liberian-flagged fuel oil tanker off the coast of Iraq has been identified to be carrying a “suspicious object” according to sailors, which could be a mine. The suspicious object Continue Reading
Iranian Foreign Minister Mohammad Javad Zarif on Thursday accused U.S. President Donald Trump of attempting to fabricate a pretext to attack Iran, and said Tehran would defend itself forcefully. Separately, Continue Reading
Azerbaijan signed agreements with Saudi Arabia’s ACWA Power for the construction of a 240-megawatt wind park. Azerbaijan’s Energy Minister Parviz Shahbazov and his Saudi counterpart, Crown Prince Abdulaziz bin Salman, attended Continue Reading
Iran will use part of the proceeds from its electricity and natural gas exports to Iraq to buy COVID-19 vaccines from Europe, Iranian state media reported on Wednesday, quoting Energy Continue Reading
The U.S. military is bracing for a possible attack on American personnel and interests in Iraq, U.S. defense officials said, days before the first anniversary of an American drone strike Continue Reading
An attack on an airport in Aden, Yemen, killed at least 20 civilians and wounded about 100 on Wednesday just as a plane carrying members of the country’s newly formed Continue Reading
An attack on an airport in Yemen killed at least 22 people moments after members of the country’s newly sworn-in cabinet arrived, the latest blow to a country struggling to emerge Continue Reading
Iran has reduced exports of natural gas to its neighbor Iraq claiming the latter owed it more than $6 billion for supplies already made. The cuts were made two weeks Continue Reading
In tandem with Iraq’s reiterated target for crude oil production of 7 million barrels per day (bpd) by 2025, from the previous 5 mbpd, Baghdad has also stated that it Continue Reading
Saudi Aramco has discovered four new oil and gas fields, the Kingdom’s Energy Minister Abdulaziz bin Salman said, as quoted by the Saudi Press Agency. Two of the fields are Continue Reading
Alongside the continued development of its huge West Karoun oil fields , the completion of the supergiant South Pars non-associated gas offshore sector (including the implementation of Phase 11 operations Continue Reading
Saudi Arabia has discovered four new oil and gas fields, including unconventional resources, the country’s energy minister said Dec. 27. Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading
Iraq, OPEC’s second-largest producer, plans to boost the capacity of its southern oil export facilities by 72% to 6 million b/d after 2023 and wants to build storage tanks to Continue Reading
Iraq is set to suffer from acute power shortages as Iran plans to cut its gas shipments to its neighbor due to outstanding payments, the electricity ministry said in a Continue Reading
Iran has slashed the amount of natural gas it exports to Iraq and threatened further cutbacks over unpaid bills, increasing the likelihood of more electricity shortages in Baghdad and other Continue Reading
Saudi Arabia’s exports fell by nearly a quarter in October from a year earlier, driven largely by a slump in global oil prices. Exports fell to 57.8 billion riyals ($15.4 billion) Continue Reading
The Islamic Revolution Guards Corps (IRGC) of Iran unveiled this week the second oceangoing oil tanker it has helped to build, to show that the Islamic Republic has managed to Continue Reading
Despite ongoing OPEC-plus efforts to limit global supply, Iraq increased oil output as the government desperately seeks revenue to narrow record deficits. South Oil Company workers look toward the flares Continue Reading
With an eye on US sanctions relief once US President-elect Joe Biden takes office, Iran’s leaders have ordered its oil sector to prepare to ramp up production and exports in Continue Reading
Parliament showdown looms over unsustainable spending, new taxes, and KRG oil revenues. Iraq’s Cabinet votes for the 2021 budget at the end of a three-day session on Dec. 21, 2020. Continue Reading
Highlights Pipeline hit by Houthi-claimed attack in May 2019 Reserve pipeline network has restored flows: sources Aramco planning pipeline expansion to 7 million b/d Dubai — Saudi Arabia’s Red Sea Continue Reading
Iranian oil minister Bijan Zanganeh has urged Russia to boost ties with Tehran in the face of US sanctions and praised the country’s role in helping to stabilize global crude Continue Reading
More details have emerged on the Iraq-Jordan electricity power grid that is fast becoming a highly controversial project due to Iraq’s persistent political game-playing with both the U.S. and Iran. Continue Reading
With an eye on US sanctions relief once US President-elect Joe Biden takes office, Iran’s leaders have ordered its oil sector to prepare to ramp up production and exports in Continue Reading
Nearly a year after the U.S. airstrike that killed a revered Iranian military leader, a senior American general said that Tehran is still considering retaliatory steps, raising the possibility of Continue Reading
Drilling operations of the first well of the game-changing but highly-controversial Phase 11 of Iran’s supergiant South Pars non-associated natural gas field officially began last week. Significant gas recovery from Continue Reading
Iran has stated its interest in attracting investments from Russian oil companies to help develop its oilfields, Russia’s TASS news agency said on Monday, quoting Iranian Oil Minister Bijan Zanganeh. Continue Reading
With budgets already stretched thin, Iraq’s budget is being taxed even more by its policy of flaring natural gas while paying high prices to import natural gas from Iran. The Continue Reading
In the last decade, the humble Strait of Hormuz has seen a fifth of the world’s oil supply, a third of all liquefied natural gas (LNG), and a third of Continue Reading
Iraq devalued its currency by almost 20% against the dollar, the most on record, as the cash-strapped government faces an economic crisis brought about by low crude prices and oil-production Continue Reading
Iraq is moving forward with plans to devalue its currency by nearly 23 percent in response to a dire financial crisis — an extreme policy measure that will not come Continue Reading
Having lost out on buying stocks on the cheap during the global financial crisis, Saudi Arabia’s sovereign wealth fund wasn’t going to make the same mistake twice. So, when the Continue Reading
Saudi Arabia’s crude oil exports rose to 6.159 million barrels per day (bpd) in October, up by nearly 100,000 bpd from the 6.066 million bpd exports in September, data from Continue Reading
Iraq may be the birthplace of OPEC and its second largest oil producer, but the bonds of its membership to the exporters group are likely to be tested again in Continue Reading
Despite differing views on the pandemic, the OPEC+ alliance will continue to manage the oil market, Saudi energy minister Prince Abdulaziz bin Salman said Dec. 17. Receive daily email alerts, Continue Reading
Egypt and Iraq have signed an oil-for-reconstruction plan this December, expected to come into effect once constitutional procedures have been completed. This deal marks the start of several joint projects Continue Reading
Saudi Arabia reduced its budget plan for 2021 by 7 percent from this year’s in response to the economic fallout of the pandemic, which pushed oil prices to multi-year lows. Continue Reading
Iraq has extinguished a fire at two wells in the northern Khabbaz oil field, oil minister Ihsan Ismaael said Dec. 16, after they were set ablaze on Dec. 9 in Continue Reading
Iranian President Hassan Rouhani said Thursday that he has “no doubt” the incoming U.S. administration will rejoin the 2015 nuclear deal and remove punishing sanctions on Iran’s economy. His remarks Continue Reading
Iran’s Supreme Leader Ayatollah Ali Khamenei held his first public function on Wednesday since rumours surfaced of his deteriorating health, Iranian state media reported. Khamenei met organisers of events to Continue Reading
For more than half a century, conflict between Israel and the Arab nations that surround it has been a defining feature of the Middle East, producing periodic wars, lost opportunities for Continue Reading
Saudi Arabia King Salman bin Abdulaziz signed the 2021 state budget on Tuesday following a virtual cabinet meeting in Riyadh. Saudi Arabia plans to spend less next year to rein Continue Reading
On the high end, U.S.-based TankerTrackers.com, which uses satellite imagery to follow deliveries, estimated Iranian crude oil exports hit 1.2 million barrels a day over the fall, up from 481,000 Continue Reading
The Abu Dhabi National Oil Co (ADNOC) – the key corporate proxy at the centre of the U.S.’s Middle East pushback against increasing Chinese and Russian influence across the region Continue Reading
Iraq’s oil production, including output from the semi-autonomous Kurdistan region, fell 4% month on month in November, the State Oil Marketing Organization said Dec.14, falling below its OPEC+ quota as Continue Reading
A ruptured pipeline arterial to Iran’s refining system has been repaired but yet to become operational again, the oil ministry news service reported Dec. 14. The Marun-Isfahan conduit broke Dec. Continue Reading
The street value of Iraq’s currency is dropping, as markets anticipate the likelihood the dinar will soon be revalued in response to a dire economic crisis. Money exchangers in Iraq Continue Reading
Iran has brought a fire caused by an oil pipeline spill under control, local media reported . An oil pipeline ruptured on Sunday because of a landslide in southwestern Iran, Continue Reading
