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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

  • Eni and BP make Egypt offshore gas discovery drilled from onshore location
  • ADNOC doubles downdespiterising risks
  • Libya's NOC and Chevron sign MoU to assess unconventional shale potential
  • Iraq moves to revive the Basra-Haditha pipeline
  • Iran’s shrinking storage buffer brings production cuts into view
  • Offshore Lebanon faces new maritime dispute with Israel
  • Algeria launches its 2026 bid round
  • Masar Petroleum discovery piques regional interest, onshore Oman
  • Mitsui exits Oman upstream with the sale of Block 27
  • Petroleum Marine Services wins contract for Egypt’s West Delta Deep Marine Phase 12
  • Iraq approves West Qurna-2 settlement agreement, clearing path for IOC entry
  • Iraq leans on Nahr Umr to ease gas shortfall
  • 273 more item(s)...

Tables and charts

This report includes the following images and tables:

    Eni 2026 North Africa exploration wells drilled and discovered resources (grossUAE unconstrained production*Chevron total production by resource theme
    The gap between UAE’s oil capacity and its OPEC+ quota has widened steadilyIraq multi-directional export routes and infrastructureIran onshore storage volume and utilisation rate*Lebanon-Israel Maritime BoundaryBlock 27 cash flow and productionEgypt’s gas projects sanctioned since 2020 and pre-FID projectsPost tax NPV/boe under TSC vs DPCBP’s MENA production by country and total productionBlocks on offer under Oman's 2026 licensing round
  • 223 more item(s)...

What's included

This report contains:

  • Document

    MENA upstream in brief

    PDF 122.73 MB