Oil and gas

03/04/2021 Asalouyeh, Iran. A view of refinery No. 2 (Phases 2, 3) of the? South Pars Gas-Condensate field in Asalouyeh Seaport, north of the Persian? Gulf in Iran.The South Pars Gas-Condensate field, the world's largest natural gas field, is shared with Qatar (North Dome) (Photo by Saeid Arabzadeh / Middle East Images / Middle East Images via AFP) (Photo by SAEID ARABZADEH/Middle East Images /AFP via Getty Images)

Analysis

New nuclear deal is no silver bullet for Iran's untapped gas reserves

Iran has an estimated 32 trillion cubic meters of natural gas reserves, but it has been unable to exploit them under the weight of international sanctions.

In Bristol, reporting on regional business, climate change, AI, tech

Iranians ride their motorbike past a huge banner of former Iran Islamic Revolutionary Guard Corps (IRGC) Quds Force commander Qasem Soleimani ahead of the sixth anniversary of his assassination, in Tehran, Dec. 31, 2025.

Analysis

Why IRGC’s shadow empire is set to endure even as Iran’s economy spirals

With the ability to operate clandestinely, the Islamic Revolutionary Guard Corps wields significant power across Iran's most important sectors — insulating the organization from current economic turmoil, according to experts.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Platform Edith, the largest of Chevron's USA's offshore production platforms, is seen off the southern California coast, on Oct. 6, 2021.

Syria to develop first offshore oil, gas field with US’s Chevron, Qatar’s UCC

In 2013, Russian firm Soyuzneftegaz signed a deal to explore for oil and gas in Syrian waters, but the project was dropped two years later due to the civil war.

YASSER AL-ZAYYAT / AFP via Getty Images

Kuwait to open offshore oil, gas fields to foreign firms: What to know

The Gulf country and OPEC member has made significant oil and gas discoveries since 2023.

Latest News

How US-India trade deal could impact Mideast energy, trade routes

US President Donald Trump shakes hands with Indian Prime Minister Narendra Modi during a joint press conference in the East Room of the White House in Washington, on Feb. 13, 2025.

UAE’s MBZ reportedly cancels Japan visit amid US-Iran standoff: What to know

UAE President Sheikh Mohamed bin Zayed Al Nahyan arrives for a welcoming ceremony prior to talks with the Russian president at the Kremlin in Moscow, on Jan. 29, 2026.

United Arab Emirates

US-Iran tensions fan oil disruption fears as Gulf states confront retaliation risks

A general view of Saudi Aramco's Abqaiq oil processing plant on Sept. 20, 2019.

Oil climbs above $70 a barrel, hitting five-month high on Iran tensions

Old chemical barrels.

Iranians enjoy a walk in a park during snowfall in the capital Tehran on Jan. 15, 2023.

Gas-rich Iran apologizes to citizens over chaotic shortages

Despite sitting on the world's second-largest gas reserves, Iran has in recent days witnessed the chaotic management of its household gas heating, which is adding further to a host of unaddressed public grievances.

Oman's Minister of Energy and Minerals Salim Al Aufi arrives for the 45th Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting in Vienna, Austria, on Oct. 5, 2022.

Interview

Oman banking on hydrogen, renewables in diversified energy strategy

In an exclusive interview with Al-Monitor, Oman’s energy and minerals minister is charting a course for affordable, sustainable energy and welcomes international investors.

Salim Al Aufi

Salim Al Aufi

Oman Minister of Energy and Minerals

US President Joe Biden (L) and Saudi Crown Prince Mohammed bin Salman (R) arrive for the family photo during the Jeddah Security and Development Summit (GCC+3) at a hotel in Saudi Arabia's Red Sea coastal city of Jeddah on July 16, 2022. (Photo by MANDEL NGAN/POOL/AFP via Getty Images)

2022 in review: The year that broke US relations with OPEC+

After a tumultuous year for US-Saudi ties, there is little reason to expect US-OPEC+ tensions to ease in 2023.

JACK GUEZ/AFP via Getty Images

Israel expected to increase natural gas drilling in 2023

Faithful to his past energy policies and on the backdrop of the global energy crisis, Prime Minister-designate Benjamin Netanyahu is likely to expand exploration for natural gas off Israel's shores.

Sunset shot showing a row of electricity pylons in the desert, Dubai, United Arab Emirates (Getty Images)

Analysis

2022 in review: Saudi-China, Qatar-Germany deals cap Middle East's energy developments

Hydrogen power, oil price fluctuations and electric vehicles could feature prominently in the region in 2023.

Adam Lucente

By Adam Lucente

In New York City, reporting on regional news, militancy, climate change

Dignitaries pose together in a family photo at the start of the Baghdad Conference for Cooperation and Partnership.

Iraqi PM stresses need for regional reconciliation at summit in Jordan

Iraqi Prime Minister Mohammed Shia al-Sudani attended the second round of the Baghdad conference today in Jordan and expressed Iraq's willingness to push forward on regional cooperation and partnership.

Delegations from Egypt, Israel, Cyprus, Italy, the Palestinian Authority, Jordan, France, the United States and Greece attend the East Mediterranean Gas Forum, Cairo, Egypt, Jan. 16, 2020.

Report: Israel may start exporting gas to Cyprus via new pipeline

The comments from Cyprus’ energy minister come as Israel is eyeing more gas exports to Europe.

A picture taken on August 20, 2022 shows petrol station along the ring-road encircling Egypt's capital Cairo. (Photo by KHALED DESOUKI/AFP via Getty Images)

Large gas field discovery brings Egypt closer to energy hub goal

A newly discovered gas field is making Egypt's energy exporter hub vision more of a reality.

The Abdulhamid Han drill ship, the fourth built by Turkey, in Mersin on August 9, 2022 before it leaves for gas exploration to an undisputed area in the Mediterranean Sea, in south of the city of Gazipasa. (Photo by Adem ALTAN / AFP) (Photo by ADEM ALTAN/AFP via Getty Images)

Erdogan touts potential gas deal ahead of Turkmenistan summit

At Wednesday's summit in Turkmenistan, Turkish President Recep Tayyip Erdogan is eyeing a gas deal that would extend into Europe.

MOHAMMED ABED/AFP via Getty Images

Egypt’s non-oil private sector records two years of contraction

The last time the Purchasing Managers Index, which offers insight into the private sector, recorded expansion in Egypt's economy was back in November 2020.

The German Navy corvette FGS Erfurt (F262) patrols as part of the United Nations peacekeeping force in Lebanon (UNIFIL) off Lebanon's southern town of Naqura close to the border with Israel on October 27, 2022 (Photo by MAHMOUD ZAYYAT/AFP via Getty Images)

TotalEnergies proceeds with gas exploration plans in Lebanon

Lebanon has been eagerly working with the French energy giant since reaching a historic maritime border agreement with Israel in October.

Tamar drilling natural gas production platform is seen some 25 kilometers west of the Ashkelon shore in February 2013 in Israel.

Israeli gas sector strengthens with Chevron, Morocco deals

Israel is already exporting gas to Egypt and Jordan and is now eyeing greater energy ties with Morocco following the Abraham Accords.