Oil and gas

KRG Prime Minister Masrour Barzani (R) and Iraqi Prime Minister Mohammed Shia al-Sudani (L) meet in Irbil on April 12, 2025.

Exclusive

Iraq's Kurds air fury over PM Sudani's stance after attack on gas field

“We were shocked at Sudani’s audacity. Imagine the state we would have been in had he gotten his way,” a senior Iraqi Kurdish official speaking not for attribution told Al-Monitor.

Amberin Zaman

By Amberin Zaman

Reporting on geopolitics, minorities, human rights, culture

Mark Carney in UAE

UAE pledges up to $50B for Canada during Carney's Abu Dhabi visit

The agreement was signed by Canadian Prime Minister Mark Carney and UAE President Mohammed bin Zayed Al Nahyan on Friday, during the former’s official visit to Abu Dhabi.

United Arab Emirates

DELIL SOULEIMAN/AFP via Getty Images

Syria signs deals with ConocoPhillips, Novaterra Energy: What to know

Syria signed a memorandum of understanding with US energy companies ConocoPhillips and Novaterra Energy to develop and explore gas fields as Damascus works to revive the country’s battered natural gas sector.

Russian President Vladimir Putin meets with Egyptian President Abdel Fattah El-Sisi at the Kremlin in Moscow, on May 9, 2025.

Egypt, Russia advance construction at Dabaa nuclear plant: What to know

The Dabaa nuclear plant could help Egypt address its energy woes while boosting cooperation with Russia.

Latest News

Iran doubles down on Venezuela support as Trump ups threats: What to know

A woman waves an Iranian flag during a rally against Israel's attacks on Iran, in solidarity with the Palestinian people and to call for world peace in Caracas, on June 19, 2025.

Syria advances Qatar-backed $7B power project amid soaring electricity prices

This picture taken on July 10, 2022, shows a view of the thermal natural gas and fuel oil power plant serving Syria's northern city of Aleppo.

Egypt courts investors, signs new gas deals at Abu Dhabi ADIPEC summit

People sit listening as the Chairman and CEO of TotalEnergies Patrick Pouyanne speaks during the Abu Dhabi International Petroleum Exhibition & Conference in Abu Dhabi, on Nov. 3, 2025.

Turkey, Iraq sign oil-for-water deal: What to know

sign

Workers at the Northern Oil Company carry out maintenance work at the pumping station in the northern Iraqi city of Kirkuk.

Iraq asks Turkey to resume oil exports as firms in Kurdistan region scale back

Turkey has still yet to restart oil flows from northern Iraq following a controversial court ruling despite efforts by Iraqi and Kurdish authorities. The stoppage is threatening the Kurdistan Region’s oil sector.

A general view shows 09 March 2004 the Shaybah mega-project, the first, and so far sole, oilfield development in Saudi Arabia's vast Al-Rub al-Khali desert, some 800 kilometers (500 miles) southeast of the eastern oil center of Dhahran. The Shaybah mega-project, which sits on top of some 15 billion barrels of proven oil reserves, more than a drop in the ocean of Saudi Arabia's estimated total reserves of about 260 billion barrels, has been producing oil to the tune of 600,000 barrels per day (bpd) for less

Saudi Aramco profit drops 19% on lower oil prices

Aramco has signed major deals with companies in China, the United States and South Korea recently, and OPEC+ recently announced a supply cut.

Israel's Defence Minister Yoav Gallant (L).

Israel's defense chief: Iran has enough uranium for five nuclear bombs

On an official visit in Greece, Israel’s Defense Minister Yoav Gallant warns against Iran’s continued efforts to advance its nuclear program.

Turkish nergy and Natural Resources Minister Fatih Donmez

Turkey says Russia agreed to delay gas payment ahead of elections

The deal marks another economic boon from Moscow to Ankara ahead of Turkey's fateful elections.

A picture taken on April 4, 2023 shows the Nahr Bin Omar oil field and facility near Iraq's southern port city of Basra. - Major oil powers led by Saudi Arabia announced a surprise production cut of more than one million barrels per day on April 2, calling it a "precautionary" move aimed at stabilising the market. (Photo by Hussein FALEH / AFP) (Photo by HUSSEIN FALEH/AFP via Getty Images)

Analysis

Saudi-led OPEC turns deaf ears on oil cuts amid global slowdown

Predictions for GDP growth in the Gulf look more optimistic than those for the rest of the world, and the region is resisting calls to stop cutting oil production.

By Salim A. Essaid

A picture shows a view of the SEA EAGLE, a vessel that reportedly left Ukraine with a cargo of wheat, anchored in Port Sudan on the Red Sea coast, on Sept. 9, 2022.

What's at stake for China in Sudan as fighting drags on?

China’s economic interests, deep-rooted diplomatic relations with Khartoum, leaves Beijing worried about instability in Sudan and the Horn of Africa.

President Recep Tayyip Erdoğan attends the opening ceremony of the Istanbul Financial Center, on April 17, 2023, in Istanbul.

Turkey's Erdogan opens half-empty financial hub in Istanbul ahead of polls

Incumbent President Recep Tayyip Erdogan denies the country is facing an economic crisis, while attacking the opposition for making backroom deals with money lenders.

Members of parliament attend a session, Kuwait City, Kuwait, April 4, 2023.

Analysis

What is behind Kuwait's change of government, economic woes?

The decades-long dance of political reshuffles has prevented the execution of investment and reforms in national infrastructure, health and social services, and also economic projects.

By Salim A. Essaid

Saudi mining

Saudi Arabia will mine minerals, but can it extract maximum added value?

The kingdom wants to leverage its untapped mineral deposits to boost non-oil exports and incentivize local manufacturers to turn raw materials into high-value products.

Patrick Pouyanne, CEO, TotalEnergies

TotalEnergies confirms $10 billion investment in Iraq oil fields, solar plant

The long-delayed deal is expected to bolster the regional electricity grid in the south of the country.

MARWAN IBRAHIM/AFP via Getty Images

Oil deal reached between Iraq and Kurdistan Regional Government

The Kurdistan Regional Government says an agreement will result in the resumption of oil exports to Turkey after a legal dispute stopped outflows.

Picture of crude oil storage tanks at the plant of Colombian petroleum company Ecopetrol in Acacias, Meta Department, south of Bogota on February 10, 2023. (Photo by Juan BARRETO / AFP) (Photo by JUAN BARRETO/AFP via Getty Images)

Oil prices rise by 5% after OPEC's surprise output cut decision

Brent Crude had its sharpest price increase in almost a year on Monday after reports that major oil producers will slash their output.