Middle East

Aramco Oil Pipelines Investors Miss Funding Goal With $2.5 Billion Bond Sale

A group of institutional investors that took a stake in Saudi Aramco's oil pipelines network sold $2.5 billion in dual-tranche amortizing bonds, significantly below the amount sought.

US Tells Lebanon Not to Fear Sanctions Over Energy Supply Plans, PM's Office Says

Under a plan agreed between Lebanon, Egypt, Jordan and Syria, Egyptian gas would be piped to Lebanon via Jordan and Syria to help boost Lebanon's power output.

Iran Leads Midstream Project Starts in the Middle East by 2025, GlobalData Projects

Iran is likely to set to start operations at 27 midstream oil and gas projects between 2021 and 2025, accounting for 22% of upcoming midstream projects in the Middle East.

Israel's Environment Ministry Blocks Oil Pipeline Deal With UAE

Israel's Environmental Protection Ministry blocked a deal with partners from the United Arab Emirates to transport oil from the Gulf to Europe via an Israeli port city.

Pipeline Blast Reported at Iran Gas Refinery, No Casualties

A gas condensate pipeline at a gas refinery in southwestern Iran exploded on Thursday after being hit by an excavator, Iranian news agencies reported.

Egypt's LNG Exports at Full Capacity After Gas Price Surge

Egypt's natural gas exports are at full capacity of about 1.6 Bcf/d from its two natural gas liquefaction terminals as it seeks to benefit from a surge in international gas prices, Petroleum Minister Tarek El Molla said.

Global News December 2021

German Regulator Stalls Nord Stream 2, Ida Reduced Gas Production More Than Any Hurricane in Past Decade, Israeli Energy Minister Proposes Ending UAE Pipeline Deal and more are included in this month's global headlines.

Halliburton Says It's Not Buying Exxon Stake in Iraqi Oilfield

Halliburton has not proposed buying Exxon Mobil's stake in Iraq's West Qurna 1 oilfield, a spokesperson for the U.S. oil services company said on Wednesday, denying comments from a senior official from Iraq's Basra Oil Co.

Waha Pipeline Work to Cut Libyan Oil Output for a Week

Libya's Waha oil company will carry out maintenance operations on a pipeline starting on Wednesday that will reduce crude output for one week

Greece Teams Up With Egypt on Gas Supply, Infrastructure

Greece and Egypt agreed to expand their cooperation in the supply of liquefied natural gas (LNG) and examine the possibility of constructing a subsea gas pipeline between the two countries, the Greek energy ministry said.

US to Release Oil from Reserves; OPEC+ Rebuffs Call for More Crude

The United States said on Tuesday it would release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Britain to cool prices after OPEC+ producers repeatedly ignored calls for more crude.

Blast Hits Oil Pipeline in Southern Iran, No Casualties – TV

An oil pipeline in southern Iran exploded on Wednesday, Iran's state TV reported on Wednesday, citing aging infrastructure as the reason for the blast.

Supplies of Egyptian Gas Expected in Lebanon by Early 2022

Egypt is expecting to begin exporting 60-65 million cubic feet of gas per day to Lebanon by early next year, Egyptian Petroleum Minister Tarek El Molla said on Tuesday.

Scrap UAE Pipeline Deal Over Oil Risks to Red Sea, Israeli Minister Says

Israel's energy minister said on Tuesday a deal with partners from the United Arab Emirates to transport oil from the Gulf to Europe via Israel should be cancelled as it was too much of an environmental risk.

Global News November 2021

In this month's global headlines, US Supreme Court Refuses Stay Request for Spire Missouri Pipeline, Summit Midstream Settles Criminal Pollution Charges for $36 Million and more.

Iraq Oil Ministry Says Pipeline to Jordan Needs to Cost Under $9 Billion

The Iraqi oil ministry said on Wednesday the cost of a long-planned oil pipeline to Jordan's Aqaba port city should be brought under $9 billion for the project to go ahead.

Israeli Pipeline Group EAPC Indicted Over 2014 Oil Spill

Israeli state-owned energy group Europe Asia Pipeline Company was indicted on Tuesday over a 2014 oil spill that severely damaged a desert nature reserve, the country's Justice Ministry said.

Taliban Assure Turkmenistan of Gas Pipeline Commitment, Security

Afghanistan's Taliban-appointed government has told Turkmenistan it would ensure the completion and security of the TAPI gas pipeline which Ashgabat is building in hope of opening up new markets.

Biden Pushes G20 Energy Producing Countries to Boost Production

With oil and gas prices surging, some energy-producing countries such as Russia and Saudi Arabia have not boosted output enough to satisfy countries that are largely energy consumers and worry about energy shortages and inflation.

Syria and Jordan Reach Deal Over Electricity Transfer to Lebanon

Lebanon, Syria and Jordan have reached a deal to transfer electricity to Lebanon which is suffering an acute energy crisis, ministers from the three neighboring countries said.

Turkmenistan Officials Due in Afghanistan as Taliban Back TAPI Gas Pipeline

Officials from Turkmenistan will visit Kabul this week to discuss continuing work on the TAPI pipeline linking the energy-rich Central Asian country through Afghanistan to Pakistan and India.

US Reassures Lebanon Gas Supplies Through Syria to be Shielded from Caesar Law

Lebanese Energy Minister Walid Fayad said U.S. mediator Amos Hochstein has assured him that participants in the project to supply Lebanon with Egyptian gas will be shielded from the Caesar Syria Civilian Protection Law.

Saudi Aramco Taps Banks for $12-14 Billion Gas Pipeline Loan

Saudi Aramco has asked banks to arrange a loan expected to be in the $12 billion-$14 billion range that it plans to offer to buyers of its gas pipeline network, sources said, as the oil giant advances plans to raise funds from asset sales.

Jordan Aims to Supply Lebanon with Electricity by Year-End -Minister

Under an agreement recently announced, Egypt will supply natural gas to Lebanon via a pipeline that passes through Jordan and Syria to help boost Lebanon's electricity output.

Egypt Close to Finalizing Arrangements for Gas Supplies to Lebanon

Under an agreement announced last month, Egypt will supply natural gas to Lebanon via a pipeline that passes through Jordan and Syria to help to boost Lebanon's electricity output.

Syria Says Gas Pipeline at Deir Ali Power Station Resumes After Islamic State Attack

The gas pipeline at the Deir Ali power station has returned to operation after completion of repairs, the Syrian Ministry of Oil announced on Saturday, according to Syrian state TV.

Lebanon to Get Egyptian Gas via Pipeline in Plan to Ease Crisis

Egyptian natural gas will be piped to Lebanon via Jordan and Syria to help boost its electricity output under a plan agreed by the four governments on Wednesday to ease a crippling power crisis.

Aramco Oil Pipelines Investors to Sell At Least $4 Billion in Bonds in Q4

A consortium led by EIG Global Energy Partners that took a stake in Saudi Aramco's oil pipelines is preparing to issue at least $4 billion in the fourth quarter to refinance a loan that largely funded the $12.4 billion deal, two sources said.

Global News September 2021

Egypt, Israel Discuss Liquefying Israeli Gas at Egyptian Plants, Two Arrested in Mountain Valley Pipeline Protest and more.

Egypt, Israel Discuss Liquefying Israeli Gas at Egyptian Plants

Egypt's petroleum minister and Israel's energy minister discussed "future plans" for Israeli gas to be liquefied at Egyptian natural gas liquefaction plants for re-export, the ministers said in a joint statement on Monday.