Middle East

Markets React to Drone Attack that Torched Saudi Gas Plant

Crude oil prices rose Monday and Tuesday after a weekend attack on a Saudi oil and gas field caused a fire at a gas plant, but state-run Saudi Aramco said production was not affected.

Lebanon Prime Minister Hopes for Decision in September on Disputed Gas Pipeline

Lebanese Prime Minister Saad al-Hariri said on Thursday after talks in Washington that he hoped for a final decision, possibly in September, on a proposal for resolving a maritime border dispute with Israel on a gas pipeline.

Pipeline Blast in Iraq Halts Power Station Supply, Output Unaffected

A gas pipeline has exploded near Basra in southern Iraq and halted supplies to a local power station, but did not affect gas or oil output, oil ministry officials and police said.

Mid-East Group, Russia Split on Caspian Resources, Pipeline

Five countries bordering the energy-rich Caspian Sea met Monday at an economic forum hosted by Turkmenistan in a bid to agree on how to divide the region's oil wealth.

Iraq says Eni, BP Deal Doesn't Exclude Exxon from Mega-Project

Iraq’s oil ministry said it was still in talks with U.S. energy giant ExxonMobil over a major deal to improve the country’s southern oil infrastructure.

Sources: Iraq Chooses BP and Eni Over Exxon for Pipeline Project

Iraq is close to reaching a deal with oil majors BP and Eni for an export pipeline project that was initially planned as part of a mega-deal with U.S. energy giant ExxonMobil, according to five senior Iraqi oil officials involved in the negotiations.

UAE's ADNOC Pipeline Investment Deal Reaches Nearly $5 Billion

Singapore’s sovereign wealth fund (GIC) is investing $600 million in Abu Dhabi National Oil Company’s (ADNOC) crude pipeline infrastructure bringing the total combined deal to $4.9 billion.

Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf

Saudi Arabia aims to raise the capacity of its east-west pipeline by 40% in two years so more of its oil exports can avoid passing through the Strait of Hormuz, the energy minister said on Thursday.

Israel to Begin Gas Exports to Egypt Within Four Months

Israel will begin natural gas exports to Egypt within four months, Energy Minister Yuval Steinitz told Reuters on Wednesday.

Libya Reopens Pipeline from Sahara Oil Field

Libya's national oil company says it has it reopened a pipeline valve that had been closed since the weekend and resumed production at the country's largest oil field.

Libya’s Largest Oil Field Shut Down over Pipeline Closure

Libya’s national oil company has suspended operations at the country’s largest oil field over the “unlawful” closure of a pipeline valve, in a country torn by war between rival authorities in the east and west, each backed by various militias.

Unaoil's Former Iraq Partner Pleads Guilty to Bribery for Pipeline Contracts

The former partner in Iraq for Unaoil pleaded guilty to conspiring to give corrupt payments for contracts to supply and install single point moorings and oil pipelines in southern Iraq, according to Britain’s Serious Fraud Office.

Israel's Delek: Pipeline Gas Exports to Egypt by Year End

Israel’s Delek Drilling said it has completed testing of a subsea natural gas pipeline to Egypt, but it did not begin commercial sales by the end of June as it had initially hoped.

Syria: Sabotage Damaged Subsea Oil Pipelines

Five underwater pipelines have been damaged and put out of order after a sabotage attack off the coastal town of Banias, Syria's oil ministry.

Shell Confirms Staff in Iraq Safe, Operations Normal After Rocket Attack

Royal Dutch Shell said on Wednesday that all its staff in Iraq are accounted for and its operations in the country are normal, after a rocket struck the site of headquarters of several foreign oil firms near Iraq's southern city of Basra.

Egypt Agrees to Pay Israel $500 Million to End Gas Dispute

Egypt says it has struck a deal with the state-owned Israel Electric Corp to settle a fine for halting deliveries of natural gas.

U.S. Allows Iraq to Import Iranian Gas for 3 More Months

The United States has allowed Iraq to import Iranian gas for its power grid another three months by extending a waiver to sanctions - but insists that Baghdad seek alternative sources.

Oil Tankers Struck Near Iran Amid Heightened Middle East Tensions

Two oil tankers near the strategic Strait of Hormuz came under a suspected attack Thursday, setting one of them ablaze in the latest mysterious assault targeting vessels in a region crucial to global energy supplies amid heightened tension between Iran and the U.S.

Major Restructuring of Middle East Gas Exports

In the Eastern Mediterranean, large discoveries of natural gas have been found off the coast of Israel and Egypt earlier in the decade. This together with increased demand for gas across the region are now reshaping both production and market demand, requiring construction of a series of new pipelines and LNG import and export facilities.

Armed Drones Attack Oil Pumping Stations on Saudi Pipeline

Shippers and refiners put ships heading to the Middle East on alert last month after armed drones struck a Saudi Aramco pipeline and Saudi oil tankers were sabotaged off the coast of the United Arab Emirates.

Iranian Gas Platform Fire Contained, No Fatalities Reported

A fire that broke out on a platform of the South Pars gas field in the Gulf on Wednesday has been contained and no fatalities were reported, Iran's oil ministry news agency SHANA said.

Armed Drones Attack Oil Pumping Stations on Saudi Pipeline

Saudi Arabia said armed drones had struck two oil pumping stations on a pipeline Tuesday in what it called a "cowardly" act of terrorism two days after Saudi oil tankers were sabotaged off the coast of the United Arab Emirates.

Iraq Close to Signing $53B deal with Exxon, PetroChina

Iraq is close to signing a $53 billion, 30-year energy agreement with Exxon Mobil and PetroChina, Prime Minister Adel Abdul Mahdi said on Tuesday, denying any link between the mega-project and U.S. permission for Iraq to do business with Iran.

Report: Blaze Engulfs 2 Iranian Pipelines, 5 Workers Injured

Iran's official IRNA news agency says firefighters have brought under control a blaze that engulfed two oil and gas pipelines in southwestern, oil-rich Khuzestan province.

Lebanon Warns Against Using Disputed Territory for East Med Pipeline

Lebanon warned its Mediterranean neighbors that a planned East Med gas pipeline from Israel to the European Union must not be allowed to violate its maritime borders. Beirut has an unresolved maritime border dispute with Israel,  which it regards as an enem..

Jordan, Egypt, and Iraq Set to Build $18 Billion Oil Pipeline

Jordan and Iraq are nearing final approval for an $18 billion oil pipeline that would carry 1 MMbpd of oil from the Iraqi city of Basra through the Jordanian port of Aqaba and across the Red Sea to Egypt.

Lebanon Warns Against Using Disputed Territory for East Med Pipeline

Lebanon warned its Mediterranean neighbors in March that a planned East Med gas pipeline from Israel to the European Union must not be allowed to violate its maritime borders.

Fire Breaks Out at Kazakhstan's Kalamkas Oilfield

A fire has broken out at the onshore Kalamkas oilfield in Kazakhstan's western Mangistau province, the country's emergencies committee said on Monday.

At Least 5 Killed in Iran Gas Pipeline Explosion

A gas pipeline explosion in southwestern Iran killed at least five people and injured six, the Tasnim news agency reported.

Global News

Finland, Estonia and Latvia Sign Deal for Single Gas Tariff Zone Gas transmission operators of Finland, Latvia and Estonia signed an agreement on to set up a single gas transmission tariff zone for the three countries from the start of 2020. The agreement fulfills a goal ..

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