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
Cyprus deal to turn Egypt into major gas exporter to Europe Egypt is hoping to rely less on natural gas imports after signing a deal with Cyprus to transport gas from the small Mediterranean island before it is liquefied in Egypt for exporting to European countries. Egypt
Will Iraq comply with US-imposed Iran sanctions? Iraq is willing to abide by US sanctions against Iran, according to Prime Minister Haider al-Abadi, yet pro-Iranian parties and militias slammed Abadi, calling for support for Iran against these sanctions. Iraq
Cairo breathes sigh of relief as Saudi oil exports resume through Bab el-Mandeb Saudi Energy Minister Khalid Falih announced that his country resumed oil exports via the Bab el-Mandeb Strait, amid Egyptian fears that a decrease in traffic in the popular shipping corridor could impact Suez Canal revenues. Saudi Arabia
Will Russia, Iran dash Turkey's hopes of becoming energy corridor? The recently signed Caspian protocol between the Caspian littoral states means that Iran and Russia can thwart Turkey’s hopes of transporting Turkmen gas and Kazakh oil via Turkey to Europe. Turkey
Will Iran, Russia step up energy cooperation to blunt US sanctions? Amid rising US pressure, Tehran and Moscow might be on the cusp of a new era of economic cooperation, particularly in the energy sector. Russia
Egypt to build $11 billion petrochemical complex As Egypt invests in refining crude oil at home, domestic fuel prices continue to rise. Egypt
Floating oil island will handle Iraq's expected spurt in exports Now that OPEC has approved an increase in oil production, Iraq expects to boost its exports significantly, and to accommodate that increase, South Oil Co. will develop a floating oil island. Iraq
Saudi crown prince, Putin boost energy cooperation in Moscow meeting The recent meeting between the Russian president and the Saudi crown prince appears to have moved the two countries closer to a grand bilateral energy deal. Saudi Arabia
Italy may impede Turkish-Azeri efforts for EU gas corridor Turkey and Azerbaijan realize EU's gas corridor dream, but serious questions remain unanswered. Turkey
Rapid spread of gas stations fuels controversy in Gaza Gas stations are increasingly being invested in under the degenerating economic and humanitarian situation in the Gaza Strip, pointing at conflicting interests between Gaza’s Ministry of Finance and Planning and the Ministry of Local Government. Palestine
Russia might not be ready for long-term OPEC commitment Saudi Arabia seems to think Russia is on board with a lengthy OPEC deal, but Moscow has a lot of factors to consider. Legacy: Gulf
Erdogan stays silent on Qatar amid Cyprus gas row Amid an escalating dispute over gas exploration off Cyprus, observers in Turkey are perplexed about why Ankara is sparing Qatar while harshly reacting to other countries and companies cooperating with the Greek Cypriots. Legacy: Gulf
