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Iran oil sector faces slow recovery from sanctions

Location:

IRAN

Iran has agreed to restrict its nuclear programme in return for the lifting of sanctions, including on its oil and financial sectors. However, prices recovered slightly after the…

Trade will tighten Gulf-South Korea relations

Location:

GULF STATES/SOUTH KOREA

Previously, in December 2023, South Korea signed a landmark free trade agreement (FTA) with the six-nation Gulf Cooperation Council (GCC), only the bloc’s second with a major…

Iraqi Kurdistan could see oil and gas advances

Location:

IRAQ

The oil sector managed a slight rise in oil production in 2020, despite the challenges of the pandemic and low oil prices. The KRG mostly managed to keep up payments to oil…

Tehran and Muscat could deepen economic ties

Location:

IRAN/OMAN

Oman has historically maintained strong business and diplomatic links with Iran, cutting across the anti-Iranian political agenda pressed by Saudi Arabia on the other Gulf…

Saudi Aramco will seek to manage rapid industry change

Location:

SAUDI ARABIA

Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…

China will dominate Iraq’s energy sector

Location:

IRAQ

Chinese companies have not only become the dominant players in the upstream oil and gas sector and the leading importers of Iraqi oil; they are also important forces in…

Israel may miss climate targets, despite rising risk

Location:

ISRAEL

Public environmental awareness is relatively poor, though a February oil spill affecting beaches was a wake-up call. Green issues are also not a national political priority. Ahead…

Prospects for Iraq to end-2019

Location:

PROSPECTS H2 2019

Prospects for Iraq to end-2019.