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QatarEnergy Warns Of $20bn Annual Revenue Hit
...evated. A DISASTROUS 2026 The economic impact of the Iran war far exceeds that of the 2017-2021 embargo on Qatar by its neighbors. Qatar managed to ride that out comfortably as Saudi Arabia and the UAE were unable to convince the emirate’s primary clients such as China, India and South Korea to lo...
Volume: 69Issue: 13Published at Fri, 27 Mar 2026 -
Oman’s OQEP Targets 300,000 Boe/D By 2030
...EP’s working interest was hovering around 40,000 boe/d until two major projects came online in 2017, driving rapid growth; namely the expansion of its Bisat oil field in Block 60 and the startup of the BP-led 1bn cfd first phase Khazzan tight gas project in Block 61 (BP 40%op, OQEP 30%, Petronas 10...
Volume: 69Issue: 12Published at Fri, 20 Mar 2026 -
Duqm Refinery Feedstock Imperiled By Hormuz Closure
...ich would later be upgraded to its current 106,000 b/d capacity. Oman then commissioned the Sohar refinery in 2008, initially with a capacity of 116,000 b/d and subsequently expanded to 198,000 b/d in 2017 (MEES, 17 February 2017). In 2006, the government floated plans for the refinery at Duqm be...
Volume: 69Issue: 11Published at Fri, 13 Mar 2026 -
Global Gas Scramble After Qatar Shuts Down LNG Production
...osure. It has always marketed itself as a highly-reliable supplier, but going forward clients will have to take into consideration the geopolitical risks stemming from proximity to Iran. CEO Saad al-Kaabi emphasized the importance he places on this reputation of reliability when speaking with MEES in 2017...
Volume: 69Issue: 10Published at Fri, 06 Mar 2026 -
IOCs Bullish On Libyan Outlook As Security Situation Improves
...ergy Services Reunited (NESR), which has provided oilfield services in the Middle East and Asia Pacific regions since 2017, and SLB which is partnering with Arkenu. “North Africa remains a key growth pillar, led by a surge of activity in Libya,” NESR CEO Sherif Foda said in his firm’s Q4 earnings ca...
Volume: 69Issue: 09Published at Fri, 27 Feb 2026 -
TotalEnergies MENA Portfolio: Building On Growth
...rgest IOC in the region in 2017 (MEES, 23 March 2018) and has consolidated its position in the years since. If anything, TotalEnergies is more committed than ever to this plan going forward; “I have one dream, which is to put TotalEnergies in each country of the Middle East,” CEO Patrick Pouyanné told th...
Volume: 69Issue: 07Published at Fri, 13 Feb 2026 -
Kuwait’s Upstream Foreign Investment Drive Begins
...indication as to where the focus of any exploration would be. Total has previously looked at investing in Kuwait, with then-oil minister Isam al-Marzuq saying in 2017 that the French IOC and Russia’s Lukoil were to be awarded ETSAs for heavy oil development (MEES, 2 June 2017). Those plans ul...
Volume: 69Issue: 06Published at Fri, 06 Feb 2026 -
QatarEnergy Crowns LNG Conference With Two Major Supply Deals
...ES, 7 July 2017). When FID was finally taken on the $29bn NFE in 2021, first gas was targeted for 4Q 2025 (MEES, 12 February 2021). But LNG projects are notoriously complex and prone to delays, and NFE has been no exception, with the startup of the first train pushed back. The latest guidance of...
Volume: 69Issue: 06Published at Fri, 06 Feb 2026 -
Libya Gas Exports Fall To 22-Year Low
...ich provides the bulk of the country’s output and 100% of exports. Eni’s net sales gas output in Libya slumped from its 2017 record of 1.58bn cfd to just 568mn cfd for 2024. However, there are signs of a rebound, with production having bottomed out at 510mn cfd in 2021. It has since risen in...
Volume: 69Issue: 03Published at Fri, 16 Jan 2026 -
Cronos To Bolster Egypt’s Gas Hub Ambitions
...forts to change Damietta’s configuration to increase flexibility have not had sufficient impact. Eni had hoped that gas production from Zohr, which started up in late 2017, would provide the feedgas for Damietta. But Zohr’s output has collapsed from 2.74bn cfd in 2021 to less than 1.3bn cfd cu...
Volume: 69Issue: 03Published at Fri, 16 Jan 2026 -
Pax Silica: Forging A New Regional Security Architecture?
...e US, having appointed a minister of state for artificial intelligence in 2017 and launched the UAE strategy for AI in the same year. Artificial Intelligence was at the center of the opening speech by UAE’s Minister of Industry and Advanced Technology and Chairman of Masdar, Sultan al-Jaber, at AD...
Volume: 69Issue: 03Published at Fri, 16 Jan 2026 -
Red Sea’s Geopolitical Chessboard Latest Global Flashpoint
...s support for the autonomous region. In 2017, Somaliland allowed the UAE to develop a military base at the port of Berbera, a year after granting a permit to Dubai’s DP World to build a commercial port there. Israel’s recognition of Somaliland further complicates the already fragmented political sc...
Volume: 69Issue: 01Published at Fri, 02 Jan 2026