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Oil & Gas

Oil and gas news from the Middle East and beyond. All the important stories, exclusive interviews, plus authoritative opinion and analysis

Adnoc Distribution said fuel volumes rose 8.7 percent year-on-year to 15 billion litres in 2024

Adnoc Distribution seeks billions in mergers and acquisitions

Adnoc Distribution, the UAE’s largest fuel and convenience retailer, is looking to deploy $2 billion in potential mergers and acquisitions in the Middle East and beyond, a senior executive has told AGBI. Athmane Benzerroug, Adnoc Distribution’s chief strategy, transformation & sustainability officer, said on Tuesday that with a free cash flow of more than $700 […]

Adnoc will sign an LNG supply deal with BPCL during the four-day India Energy Week conference

Adnoc to sign LNG deal with India’s BPCL

State-run Abu Dhabi National Oil Company (Adnoc) will supply 2.5 million tonnes of liquefied natural gas (LNG) to India’s Bharat Petroleum Corporation (BPCL) under a new five-year deal, sources with knowledge of the matter have said. Indian’s state refiner will receive 40 cargos of LNG under the five-year contract with supplies beginning in April. In […]

Pakistan signed its biggest LNG pact in 2016 with Qatar for up to 3.75 million tonnes of LNG a year for 15 years

Pakistan weighs revising terms of Qatar LNG deal

Pakistan’s liquefied natural gas (LNG) pact with Qatar allows for either party to initiate renegotiation talks next year but no decision has been taken on whether to do this, Pakistan’s petroleum minister told Reuters. Musadik Malik was clarifying comments made to a parliamentary committee on energy, as reported in local newspaper The News, which had […]

Mohammed Al-Sudani, the Iraqi prime minister, says he is under no pressure to end Iran's supply of gas

Iraq to stop taking Iranian gas by 2028

Iraq will phase out gas imports from neighboring Iran within three years because of persistent supply disruptions. It will instead increasingly rely on more domestic production to fuel its power stations, and electricity from other neighbours including Saudi Arabia and Jordan. Mohammed Al-Sudani, the Iraqi prime minister, said Iraq’s decision to end Iranian imports in […]

Adnoc Gas adjusted revenues for 2024 were up 7 percent to $24.4 billion compared to 2023

Adnoc Gas dividend unchanged despite record profit

Adnoc Gas, which is traded on the Abu Dhabi stock exchange, left its 2024 fiscal-year dividend commitment unchanged, despite record profits. The gas-processing company, which is majority owned by national hydrocarbon producer Abu Dhabi National Oil Company (Adnoc), said it confirms its commitment to a 2024 dividend payout of $3.41 billion, of which $1.71 billion […]

The top destinations for Oman's oil exports are China, India and South Korea

Opec oil cuts push Oman’s revenue down $1.7bn

Oman’s adherence to Opec+ voluntary oil production cuts resulted in revenue from the sector falling by an average of $4.6 million a day last year. The country’s average daily crude oil production fell 5.4 percent in 2024 to 992,600 barrels per day (bpd), figures from the National Center of Statistical Information show. The average price […]

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Oil & Gas companies

Name Country Type

Oman

Private company

United Arab Emirates

Public company

United Arab Emirates

Public company

Bahrain

Private company

United Arab Emirates

Private company

United Arab Emirates

Public company

Egypt

Private company

Kuwait

Private company

Kuwait

Private company

Oman

Private company

Qatar

Private company

Qatar

Private company

Saudi Arabia

Public company