News
Business
Committed investment in Oman’s Duqm zone reached OMR8.818 billion
Investment commitments reported at end-June were 141 percent higher than in 2021. Oman also outlined port cargo, refinery capacity and dry-dock activity.
NEWSVERUM / Global briefing
42 storiesOil · Newsverum
Read the global briefing with original sources, data periods and context.
Energy
IEA says electrification is an energy-security option after the Hormuz shock
In an IEA scenario, electricity could cost-effectively supply 33 percent of final energy use by 2035; projected import savings are not realized outcomes.
Economy
World Bank projects a 6.4% contraction in Lebanon’s economy in 2026
The Summer 2026 Lebanon Economic Monitor says renewed conflict reversed the previous year’s recovery and intensified pressure on public finances and household incomes.
Economy
IMF projects 1.7% growth for Saudi Arabia in 2026
The July country review says disruption to shipping through the Strait of Hormuz affected oil and non-oil activity; the forecasts are conditional and subject to uncertainty.
Business
UAE non-oil foreign trade reached AED1.937 trillion in H1
Total value rose 13.1 percent in the first half of 2026, while non-oil exports increased 23.9 percent. The figures also show a higher export share within total trade.
Energy
Afghanistan reviews refinery capacity and fuel quality
Ministry stresses technical and environmental standards.
Energy
Egypt adds 45 million cubic feet of daily gas production
Three new wells and one repaired well enter production.
Energy
Syria opens Arab Gas Pipeline link and training center
Homs section connects 186 kilometres to the existing network.
Energy
Islam Qala oil and gas storage proposal deemed approvable
Afghanistan investment committee reviews 10,000-tonne facilities.
Business
Egypt and Worley discuss mining projects and training
Ministry seeks to connect operators with engineering expertise.
Business
Iraq Oil Ministry reviews company-board governance
Meeting addresses efficiency and workforce rights.
Energy
Afghanistan and Uzbekistan review Toti Maidan gas project obstacles
Tashkent talks focus on technical and financial issues.