Turkey, Hungary receive US sanctions waiver to pay Russia's Gazprombank Turkish Energy Minister Alparslan Bayraktar says the exemption has been granted. Turkey
UAE energy giant gets green light for $16B takeover of German firm Covestro ADNOC agreed in October to buy Covestro for 14.7 billion euros (then around $16.3 billion), including its debt, in its biggest-ever takeover. United Arab Emirates
Senior China delegation in Iran to discuss 'strategic partnership,' economic ties Iran hosted a Chinese delegation on Tuesday and Wednesday in a step to solidify a 2021 strategic partnership agreement, but can the two countries’ partnership weather the upcoming Donald Trump presidency? Iran
ADNOC launches $80B low carbon energy company XRG: What we know XRG, which will operate separately to ADNOC, is expected to double its asset value over the next decade. United Arab Emirates
Analysis What to make of Saudi-Iranian flurry of diplomatic activity, military channels? By Rosaleen Carroll In Washington, DC, US, reporting on the Middle East
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
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%. United States
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. Saudi Arabia
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 Saudi Arabia
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. Saudi Arabia
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. Saudi Arabia
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. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
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. Libya
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. Saudi Arabia
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. Oman
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. Saudi Arabia
Algeria's Sonatrach, European partners sign two green hydrogen agreements Algeria’s Sonatrach has signed two agreements as the country makes a green hydrogen push both for domestic use and for export to Europe. Algeria
