Turkey’s Fidan heads to Libya as US-backed unification push gathers pace The Turkish foreign minister will hold talks in both Tripoli and Benghazi as Ankara seeks to preserve its military, maritime, energy and commercial interests while Washington pushes Libya’s rival camps toward a power-sharing arrangement. Turkey
Kuwait's LNG imports climb to highest level since start of Iran war The country's domestic gas production has fallen drastically since the beginning of the US-Israel-Iran war in February. Kuwait
Explainer UAE-Egypt ties keep growing as Cairo navigates shifting Gulf landscape An Emirati investor could soon strike a $2.7 billion deal to develop another tourism project on Egypt's North Coast, the latest in a string of UAE-linked pacts that have continued advancing despite turmoil from the US-Iran war. Egypt
Explainer Egypt, Libya begin studying $1B oil pipeline: What to know The two countries are nearing the launch of a joint project to build a pipeline linking the Egyptian city of Alexandria with the Libyan city of Tobruk, Asharq Bloomberg reported. Egypt
Security unrest sparks protests in southern Libya, threatens oil output The Libyan oil sector is once again threatened amid security and political turmoil, most recently with protests breaking out in the oil-rich southern region, which has been marginalized for years. North Africa
Saudi Arabia secures funding for electricity interconnection with Egypt Egypt just approved a plan to ration electricity, though the government said there is not a shortage of power. Egypt
Fourth Turkish drilling ship begins energy exploration in Mediterranean Past Turkish energy exploration activities took place in waters claimed by Greece and Cyprus, leading to significant tensions. Turkey
Saudi Arabia-China relations strengthen with Aramco-Sinopec deal The ties between China and Saudi Arabia are largely based on trade and energy cooperation. Saudi Arabia
OPEC+ agrees to small oil production increase US President Joe Biden may have been hoping for a larger boost in production. Legacy: Gulf
Is Russia escalating Jewish Agency crisis because of Israel's stance on Ukraine? Some Israeli security and diplomatic experts believe that Russian President Vladimir Putin instigated the Jewish Agency crisis to pressure Israel against selling natural gas to Europe. Israel
Saudi Aramco acquires lubricant giant Valvoline Aramco has been investing in futuristic technology amid high oil prices and profits. Legacy: Gulf
Turkey raises inflation forecasts The Turkish lira is also again falling close to historically low levels against the US dollar. Turkey
Turkey, Russia gas ties grow contentious amid Ukraine war Russian gas giant Gazprom’s sudden “maintenance" shutdown of a major pipeline carrying gas to Turkey coincided with the talks over Finland's and Sweden’s NATO membership bids. Turkey
Iran says US dollar officially ditched in trade with ally Russia The Islamic Republic took the step following the Russian president's meeting with Iran's leader in Tehran, where the two explored options on how to push back on international sanctions. Iran
Kadhimi, Barzani meet in Baghdad to address oil, budget issues Masrour Barzani, prime minister of the Kurdistan Regional Government of Iraq, met July 24 with Iraqi officials in Baghdad, including Iraqi Prime Minister Mustafa al-Kadhimi, reportedly discussing the establishment of a new energy government for the Kurdistan Region. By AL-MONITOR Staff
Jordan increases renewable energy use Jordan does not have large oil and gas reserves, unlike other countries in the region. Jordan
