Middle East Oil and Gas

Iran's refinery problem reflects global fuel shortage
The National Iranian Oil Company expects oil revenue to reach a record of more than $52bn in the current financial year. The problem is that much of the state's revenues are draining away in subsidies to support a largely closed economy lacking foreign investment. One of the most pressing challenges to the government lies in the country's lack of refined fuels.
Iran: Tuesday, August 07 - 2007 at 11:59 |

Iraq's parliament debates amended oil law
An amended draft oil law has been submitted to Iraq's parliament where the real haggling will now begin over the country's most pressing economic and political issue.
Iraq: Thursday, July 05 - 2007 at 16:17 |

Iraq oil law deadline approaches
The fragility of Iraq's draft oil law is increasingly apparent. After being presented with the bill on February 26 observers had expected legislators in Baghdad to reach agreement by the end of May. But parliament remains split on the issue.
Iraq: Wednesday, June 20 - 2007 at 10:20 |

Saudis increase focus on gas development
The contract for managing development of Saudi Arabia's largest ever offshore gas development is expected within weeks. The Karan field, located 100 kilometres north of the Kingdom's giant onshore Ghawar oilfield, is due to come on stream by the end of 201l.
Saudi Arabia: Tuesday, June 12 - 2007 at 11:20 |

Egyptian piped gas targets European market
Implementation of a decision taken by Egyptian, Syrian, Jordanian, Turkish and Lebanese energy ministers a year ago signed to extend the Arab Gas Pipeline across Syria is gathering pace bringing forward a link-up with the Turkish gas distribution system.
Saudi Arabia: Wednesday, May 02 - 2007 at 17:08 |

Baghdad oil agreement proves elusive
Iraq's government hopes that a draft hydrocarbons law it agreed on February 26 will be approved within the next two months depending on parliamentary approval of key details, in particular how the country's natural resources and revenues are going to be managed and distributed.
Iraq: Thursday, April 12 - 2007 at 08:17 |

Russia bolsters Gulf energy strategy
President Putin's high-profile tour to the Gulf follows on from the visit of King Abdullah, then Crown Prince, to Moscow in 2003, the highest ranking Saudi official visit to Russia since 1926. Significantly an agreement was reached to co-ordinate energy policies. A momentum now seems to be building up following this.
Saudi Arabia: Sunday, March 18 - 2007 at 09:46 |

Calls for OPEC-style gas cartel become louder
Gas exporting countries meeting in Doha in April will discuss forming an OPEC-like group Iran's oil minister Kazem Vazeri-Hamaneh says. This follows calls by Iranian leader Ayatollah Ali Khameni for Russia and other natural gas producers to establish a gas cartel.
Qatar: Wednesday, March 07 - 2007 at 09:21 |