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.

A view of the platform of the Leviathan natural gas field in the Mediterranean Sea.

Israel, Cyprus to resolve disagreement over maritime gas field

Most of the disagreement points between Israel and Cyprus over the joint Aphrodite-Yishai natural gas reservoir have been resolved, and an agreement is apparently imminent.

Halfaya oil field in the al-Kahla district in the city of Amara south of Baghdad on July 26, 2022.

Abu Dhabi port operator signs oil transport deal with Iraqi firm

AD Ports Group is seeking to expand its international business, recently making agreements in Egypt and Uzbekistan to this end.

Kevin Dietsch/Getty Images

Breaking | Last Updated: September 29, 2022, 6:42 pm

US unveils new sanctions targeting Iran’s oil sales

The Biden administration on Thursday blacklisted entities in China, Hong Kong, Iran, India and the United Arab Emirates over their alleged involvement in Iran’s petrochemical trade.

Residential buildings are seen unilluminated in the evening on Sept. 10, 2022, in Berlin, Germany.

UAE to help Germany reduce dependence on Russian gas

Qatar is also reportedly close to supplying the European country with natural gas amid the Ukraine war.

United Arab Emirates

French President Emmanuel Macron (R) and Iraqi Prime Minister Mustafa al-Kadhimi shake hands during a meeting in New York.

Iraqi prime minister emphasizes Iraq's role in regional stability at UN

The Iraqi prime minister highlighted Iraq's main issues and the country's regional and international significance at the UN General Assembly.

Israel gas

Natural gas profits finally put Israel's wealth fund into business

After four disappointing years, Israel’s wealth fund, based on tax revenues from natural gas companies, has enough money to begin making investments.

The platform of the Leviathan natural gas field in the Mediterranean Sea

Israeli natural gas revenues boom

With a projected increase in output, Israel will have the opportunity to boost exports to Europe.

A general view taken on May 29, 2019, shows the seafront promenade in the Emirati capital, Abu Dhabi, with the ADNOC headquarters.

Dubai supplier to replace coal with natural gas in bid to reduce carbon emissions

The Abu Dhabi National Oil Company signed an agreement to provide Dubai with natural gas, which will be used to generate electricity. Natural gas is a relatively clean fuel but does lead to carbon emissions.

United Arab Emirates

Lebanese protesters sail in boats with slogans affirming Lebanon's right to its offshore gas wealth, near a border-marking buoy between Israel and Lebanon in the Mediterranean waters off the southern town of Naqoura, Sept. 4, 2022.

Why Hezbollah won't torpedo Lebanon's maritime border talks with Israel

Israeli sources believe that Hezbollah Secretary-General Hassan Nasrallah realizes how important it is for economically failing Lebanon to reach an agreement with Jerusalem on its maritime border and the extraction of natural gas.

Egypt solar

Energy, dams boost Egypt’s clout in Africa

Egypt has emerged as a regional energy power in recent years and is using its electricity and gas surpluses and experience in building dams to boost its foothold in Africa.

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

Oil prices fall following Saudi-backed OPEC+ production cut

The decrease in production could be a message from Saudi Arabia to the US over the Iran nuclear deal.

Tourists ride camels on the shores of the town of Dahab, southern Sinai Peninsula, Egypt, May 12, 2017.

Oil spill darkens Egyptian tourist town

Ahead of the Cop27, an oil spill in Egypt highlights the country’s inability to deal with environmental disasters.