U.S. Eases Restrictions to Facilitate Potential Sale of Lukoil’s Foreign Assets
The US Treasury issues licenses to allow the sale of Lukoil's foreign assets and exempts Bulgaria's Burgas refinery from sanctions to safeguard partner energy security.
News / International
Saudi Aramco to Sign 4 Mn TPA US LNG Deals with Woodside, Commonwealth
Saudi Aramco is set to sign two major liquefied natural gas (LNG) supply agreements in the US next week with Woodside Energy and Commonwealth LNG, according to sources cited by Reuters.
Egypt Signs Deal for Power Link Studies with Europe
Egypt has signed a cooperation agreement to carry out the final studies for the electricity interconnection project between Egypt and Europe through Italy, aiming to strengthen the country’s position as a regional energy hub. The Egypt-Europe interconnection is designed to export surplus renewable energy to the European continent, with a targeted capacity of up to 3,000 megawatts.
Egypt Extends Eni Concession in Gulf of Suez and Nile Delta to 2040
Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Italy’s Eni, to extend the Gulf of Suez and Nile Delta concession until 2040. This extension allows for the full economic utilization of the available oil and gas potential within the concession area. Under the agreement, Eni will begin a new 3D seismic survey campaign to identify untapped resources, leveraging its specialized technologies and deep subsurface geological expertise.
ADNOC Gas Net Income Surges in Q3 on Higher Sales, Contract Improvements
ADNOC Gas reported net income of $1.34 billion in its financial results for the third quarter (Q3) of 2025, up 8% year-on-year (YoY), representing the highest for a third quarter in the company’s history.
Dana Gas Signs MoU with Syria’s SPC to Redevelop Natural Gas Fields
UAE Dana Gas has signed a Memorandum of Understanding (MoU) with the Syrian Petroleum Company (SPC) for the redevelopment and expansion of several natural gas fields across central Syria, including Abu Rabah gas field, one of the largest gas discoveries in Syria.
Middle Eastern Oil Producers Boost Crude Supplies to India
Middle East producers Saudi Arabia, Iraq, and Kuwait are boosting crude supplies to India as Indian refiners slow Russian imports due to sanctions.
Iraq’s Misan Drills Deepest Horizontal Well in Bazarkan
Iraq's Misan Oil Company sets three new field records for depth, length, and displacement by completing the deepest horizontal well in the Bazarkan oil field.
PETRONAS, Enilive, Euglena Break Ground on New Biorefinery in Johor
Pengerang, Malaysia — Engerang Biorefinery Sdn. Bhd., a joint venture (JV) between PETRONAS, Enilive S.p.A, and Euglena, a Japanese biotechnology company, has officially broken ground on its new biorefinery project in Pengerang, Johor, marking a significant milestone in the development of Malaysia’s renewable energy industry.
Lukoil Faces Pressure as US Deadline Nears, Gunvor Deal Collapses
Lukoil’s sale to Gunvor is blocked by the US Treasury, raising pressure as the Nov 21 sanctions deadline nears. Industry analysts predict Lukoil may be compelled to sell its international assets at deep discounts before the deadline.
