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

Saudi Arabia's Crown Prince and Prime Minister Mohammed bin Salman (C) inspects a guard of honour during a ceremonial reception at the President House a day after the G20 summit in New Delhi on September 11, 2023. (Photo by Money SHARMA / AFP) (Photo by MONEY SHARMA/AFP via Getty Images)

Analysis

What to make of Saudi-Iranian flurry of diplomatic activity, military channels?

A high-level military meeting between Saudi Arabia and Iran on Sunday marked another in a series of recent diplomatic engagements between the two nations.

By Rosaleen Carroll

In Washington, DC, US, reporting on the Middle East

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

UAE's ADNOC doubles down on gas, allocating $15B over next 5 years

In a Monday statement ADNOC Gas said it had raised its capital expenditure plan to around $15 billion for the next five years, from about $13 billion.

United Arab Emirates

Former US President and Republican presidential candidate Donald Trump speaks during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, on November 6, 2024. Donald Trump claimed victory and pledged to "heal" the country on November 6, 2024 as results put him on the verge of beating Kamala Harris in a stunning White House comeback. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)

Middle East markets rally after Donald Trump's election victory

Saudi Arabia’s benchmark index, the TASI, gained 0.9%, while Dubai's main share index gained 0.5%. The Abu Dhabi Securities Exchange, a key player in the region’s stock markets, gained 0.4%.

Saudi Aramco in 'advanced' talks on hydrogen offtake as Q3 income drops 15.3%

Aramco's Q3 net income fell 15.3% to $27.6 billion on low oil prices. Aramco is looking to expand into new business areas such as renewables and hydrogen.

A picture taken on March 12, 2017, shows a view of an oil facility in the Khark Island, on the shore of the Gulf.

How Trump, Harris presidencies could impact Middle East oil markets

Trump has favored a more interventionist approach toward OPEC, while the Biden-Harris administration has used the US' strategic petroleum reserves to influence oil policy

A general view shows the solar plant in Uyayna, north of Riyadh, on March 29, 2018.

Saudi Arabia ramps up renewable tenders to 44 GW, doubles down on oil and gas

Saudi Arabia's renewable energy capacity under development will reach 44GW by end of 2024. However, its energy minister told an industry conference that the country will "monetize every molecule" of its oil and gas resources.

Aramco chief executive Amin Nasser speaks during the annual Future Investment Initiative (FII) conference in Riyadh on Oct. 29, 2024.

Saudi Aramco expects oil demand to average 104.5 million bpd in 2024

The CEO of the world's largest oil-exporting company sounded more bullish on oil demand compared with OPEC and the IEA.

This picture taken on Feb. 6, 2023, shows a view of the Tibbin dual fuel (natural gas and fuel oil) powerplant and Helwan Steelworks, in the Helwan suburb south of Egypt's capital, Cairo.

Analysis

Even with Greece venture, Egypt's energy hub ambitions remain far off

Egypt's key gas field has seen a slump in output while Cairo continues to import more gas from other countries such as Cyprus and Israel.

In Bristol, reporting on regional business, climate change, AI, tech

ENI headquarter in San Donato Milanese, near Milan, Italy, Oct. 27, 2017.

After decade halt, Eni, BP resume hydrocarbon exploration in Libya

Onshore drilling had been suspended for a decade, since the beginning of the Libyan civil war between rival factions in the country’s east and west.

Attendees take part in the annual Future Investment Initiative (FII) conference in the Saudi capital Riyadh on October 25, 2022. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

What to make of Saudi Arabia's $96B in foreign direct investment in 2023

Driving foreign investment into key sectors is part of Saudi Arabia's efforts to diversify away from an oil-dependent revenue model.

An OQ flag.

Oman state energy firm raises $2B from IPO, sultanate's largest ever

OQ raised the funds for its exploration and production business on the local stock exchange.

This picture shows Aramco tower in the King Abdullah Financial District (KAFD) in Riyadh on April 16, 2023.

What are Aramco’s priorities in Asia after cancelation of Saudi chemical project?

The Saudi oil giant is showing increasing interest in Asia’s petrochemicals market amid the energy transition.