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. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
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. By Samuel Wendel In Washington, DC, reporting on regional business and tech
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. Syria
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. Kuwait
US oil company signs deal with Syrian Kurds Sources told Al-Monitor the agreement to market oil in territory controlled by the US-backed Syrian Democratic Forces was signed “with the knowledge and encouragement of the White House.” Syria
Turkey stops eastern Mediterranean drilling, wants talks with Greece The area in which Turkey planned to drill for gas is considered by Greece and Cyprus to be their waters. Turkey
East Mediterranean tensions flare as Turkey seeks leverage in maritime border talks Surveying activities by a Turkish ship in the eastern Mediterranean Sea have put Greek forces on high alert as Ankara seeks leverage in regional maritime border disputes. Originals
Will Azeri-Armenian flare-up change energy game in South Caucasus? Azeri-Armenian clashes in the strategically significant Tavush area could be the harbinger of tectonic changes in the energy politics in the South Caucasus, Turkey and Iran. Turkey
Top German diplomat criticizes Turkey's drilling plans in Mediterranean German Foreign Minister Heiko Maas repeated the concerns of other European states regarding Turkey's gas drilling plans in what Greece and Cyprus consider their waters. Turkey
East-Med undersea pipeline project now ratified by Israel Advancing the East-Med project one step further, Israel’s government ratified the agreement signed last January with the governments of Cyprus and Greece. Israel
Massive pipeline fire injures 17 near Cairo The highway fire, which engulfed scores of cars, is believed to have been caused by leakage from a nearby crude oil pipeline. Egypt
US threatens sanctions in bid to restore oil sharing in Libya The US government raised the specter of sanctions on unspecified parties involved in Libya’s civil war yesterday after Libya’s oil authority accused the United Arab Emirates (UAE) of obstructing efforts to restore petroleum revenue sharing between the country’s warring sides. Libya
Report: Energy producers in Middle East to earn billions less in oil revenues The International Monetary Fund's prediction that was reported by The Associated Press is the latest negative outlook for Middle Eastern economies. Originals
Iran cuts oil production and storage is nearly full amid pandemic, US sanctions Reuters reported that Iran's onshore storage facilities are nearly full while production is at its lowest point since the Iran-Iraq war. United States
Israel approves exploration, bidding on disputed offshore field Energy Minister Yuval Steinitz announced June 23 the opening of bidding for drilling in Block 72, off Israel’s northern shores, which Lebanon says is adjacent to its own fields. Israel
Israel, Egypt energy ties so far unaffected by coronavirus crisis, annexation plan Despite the coronavirus crisis and the annexation plan, agreements to export Israeli natural gas to Egypt remain intact. Israel
