Tag Archives: Middle East Monitor

Russia said today that there was no friction with OPEC+ due to Moscow exceeding crude production quotas and that the world’s second largest oil exporter would compensate for its overpumping, Reuters reports. Russia yesterday unexpectedly announced that its crude oil production in June exceeded quotas set by the OPEC+ group …

China’s energy company, Sungrow, said this week that it will provide its inverter skid technology and 1+X modular inverter solution for a 2.2 Gigawatt (GW) solar plant that Neom Green Hydrogen Company (NGHC) is building in Oxagon. The project site is in a port area close to the futuristic Neom …

The Kurdistan Regional Government in northern Iraq has lost more than $1.5 billion since oil exports to Turkey were stopped, according to a report published on Tuesday by the US financial website Zero Hedge. Oil production in the region under KRG rule has continued to decline, extending a stoppage that …

Turkey is considering petitioning a federal court in the United States to enforce an arbitration award amounting to hundreds of millions of dollars that it won against Iraq, amid a dispute over crude oil exports Ankara received from Iraq’s autonomous northern Kurdish region. Almost nine years after Iraq began suing …

(FSRU) is being carried out at BOTAS Dortyol FSRU Terminal in Hatay [Burak Milli – Anadolu Agency] Ertugrul Gazi, the first Turkish-flagged floating storage and gasification unit (FSRU), has been put to work at full capacity to meet the demand for natural gas after the devastating earthquakes that hit the …

The European Union expects Egypt to maintain “relatively high volumes” of liquefied natural gas (LNG) deliveries to Europe, EU Energy Commissioner Kadri Simson said yesterday. Speaking to Reuters on the sidelines of an energy conference in Egypt, Simson said: “Now we have to solve some of the bottleneck issues.” “We …

United Arab Emirates renewable energy company Masdar, state oil firm Abu Dhabi National Oil Company (ADNOC) and oil major BP, reports Reuters. BPL agreed to conduct a joint feasibility study on exploring the production of sustainable aviation fuel (SAF) in the UAE, Masdar said in a statement on Friday. The …

Iraq backs a proposal by the Organization of the Petroleum Exporting Countries and its allies to extend a pact on output curbs until December 2022, Oil Minister Ihsan Abdul Jabbar said on Sunday, adding he expected oil prices to remain at $70 per barrel or above until then, reports Reuters. …

Major Chinese investors are in talks to buy a stake in Saudi Aramco, several sources told Reuters on Wednesday, as Saudi Arabia’s state oil firm prepares to sell another slice of its business to international investors, Reuters reports. Saudi Arabia was in discussions to sell 1% of Aramco to a …

Iranian and Qatari energy ministers yesterday discussed connecting the two countries’ electricity networks via a submarine cable. In a virtual meeting, the Qatari minister, Saad Sherida Al-Kaabi, said that the project was “possible”, adding that a “proposal should be worked on”. “In my opinion, this idea is practical and it …