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MENA upstream in brief

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The MENA upstream in brief provides Wood Mackenzie's expert opinion and analysis of the key events impacting the upstream industry in the Middle East and North Africa. We draw upon our upstream database and data tools to help deepen our clients' understanding of the region. The report primarily focuses on exploration and appraisal drilling, project developments, production, licensing, fiscal and regulatory changes, geopolitics, and corporate and M&A activity.

Table of contents

  • Syria plans a new crude pipeline as its oil sector recovery gains momentum
  • Iran resumes crude exports as US issues a 60-day sanctions waiver
  • Barzan explosion puts Qatar’s domestic gas supply at risk
  • Shipping returns to Hormuz, but normalisation is still distant
  • US-Iran peace agreement could accelerate Qatar LNG recovery
  • Following the signing of an MoU, how quickly can Gulf oil exports recover?
  • HKN Energy enters Syria
  • Frontier reawakening: Iraq's exploration potential in focus
  • Egypt fully settles receivables owed to upstream producers
  • ADNOC pushes ahead with Upper Zakum expansion despite regional uncertainty
  • Saudi Arabia and Iraq begin increasing oil output
  • Iran's oil output slumps as storage pressure mounts
  • 296 more item(s)...

Tables and charts

This report includes the following images and tables:

    Existing pipeline route from Tel Adas in Hasaka to Baniyas terminal on the MediterraneanKharg Island’s storage volume and utilisation rateIran crude and condensate production
    Daily vessel transits through the Strait of HormuzVLCCs loading at Kharg island on 20 June 2026Oil production recovery of Hormuz-exposed fields assuming production recovery starts in mid-JuneIraq’s open exploration blocks and Federal Iraq’s discoveries since 2006Upstream capital investment and receivables owed*ADNOC’s expansion projects to support Project 5.0 and beyondSaudi Arabia and Iraq crude oil productionIran's storage utilisation since conflict beganTendrara Phase 1 and 2 cash flows (gross)
  • 246 more item(s)...

What's included

This report contains:

  • Document

    MENA upstream in brief

    PDF 130.11 MB