Yesar Al-Maleki
Gulf Editor at MEES - Weekly Oil & Gas News Analysis
Energy, Climate & MENA Economics | Gulf Analyst @MeesEnergy | PhDc @ExeterIAIS, Non Res Scholar @MiddleEastInst, R. Fellow @IRISmideast | ♥️=🔖
Articles
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1 week ago |
mees.com | Yesar Al-Maleki
LNG import plans are rapidly losing momentum due to Iraq’s failure to secure a Floating Storage and Regasification Unit (FSRU). The ministerial energy council had been reviewing only one proposal from Breeze Investment, a little-known UAE-based company, despite receiving at least one offer from a more established firm. Concerns over pricing have stalled progress, delaying a final recommendation to the cabinet.
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1 week ago |
mees.com | Yesar Al-Maleki
30 May 2025 Issue: 68 / 22 By: Yesar Al-Maleki Saudi Arabia provided new details on the recent discovery in the Partitioned Neutral Zone (PNZ) which is managed 50:50 with Kuwait; the first discovery since production restarted in 2020. A 26 May announcement states that 26-27° API oil flowed at 500 b/d from the North Wafra Wara-Burgan field 5km north of the Wafra field.
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1 week ago |
mees.com | Yesar Al-Maleki
Chinese independent Geo-Jade and Iraqi firm Basra Crescent are to invest $1.2bn in increasing capacity at Iraq’s Tuba field from 20,000 b/d to 100,000 b/d according to Chinese media reports. Geo-Jade signed a 30-year binding contract on 21 May and will have a 67% stake alongside Basra Crescent (33%). The project is expansive, although it has been scaled down since initial proposals (MEES, 8 March 2024). Geo-Jade will be paid a fixed per-barrel fee once initial phase capacity reaches 31,000 b/d.
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1 week ago |
mees.com | Yesar Al-Maleki
30 May 2025 Issue: 68 / 22 By: Yesar Al-Maleki Turkmenistan is worried that a plan to supply Iraq with gas through a swap deal with Iran could see it slapped with US sanctions. It is therefore demanding that Iraq secures US Treasury approval – effectively killing the deal for the foreseeable future. The conditions were relayed to electricity minister Ziad Fadhel during a visit to Ashgabat on 25 May.
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2 weeks ago |
mees.com | Yesar Al-Maleki
DNO is Iraqi Kurdistan’s largest foreign operator in terms of output, but it is seeking to diversify from the high-risk region through a pivot to the North Sea. Over the last six years, the Norwegian firm has acquired a substantial portfolio of North Sea assets, while maintaining disciplined spending in Kurdistan. The diversification efforts are now bearing fruit, with net North Sea output up 35% year-on-year to 19,296 boe/d in Q1.
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10% of the 105,000 b/d #Opec group's share of the total addition, to be accurate. Many thanks to @gulf_intel for hosting me, @NeilAtkinson58 and @mikemcglone11 earlier this morning. #OOTT
Is the accelerated addition of OPEC+ barrels really impacting the markets? Click here to access full podcast: https://t.co/AgeVgvxIu6 @yesar @MeesEnergy #OPEC @OPECnews #OOTT https://t.co/Bz0HRjtTUf
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RT @Bacharelhalabi: New: The European Commission has approved the acquisition of German chemical company @covestro by Abu Dhabi's state-own…