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Iraq Seals Major Oil Deal with Chinese Company

OilPrice

Iraqs government has signed a deal with Chinese Geo-Jade Petroleum to expand production at the Tuba oil field, build a refinery and two power plants. The refinery that Geo-Jade Petroleum will build will have a capacity of 200,000 barrels daily.

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Damaged unit of Iran’s South Pars refinery back operating, Nour News says

BOE Report

A damaged unit of the South Pars refinery’s Phase 14, which was hit by Israel in its first strike on Iran’s oil and gas sector, has returned to operation, the Iranian state-run agency Nour News reported on Thursday.

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MOL discovers new oil field in Western Hungary

Oil & Gas 360º

(World Oil) –MOL has discovered a new oil field near Somogysmson in Western Hungary. Based on the well tests carried out prior to March 2025, the well is currently proven to be capable of producing 1,200 bpd, which is transported by truck to the Danube Refinery in Szzhalombatta. MOL has ambitious E&P investment plans.

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China Tightens Grip on Iraq’s Energy Future with Massive Basra Megaproject

OilPrice

This comprises a development project to increase production at the Tuba oil field from 20,000 barrels per day (bpd) to 100,000 bpd, constructing a 200,000-bpd high-specification refinery, and building a 620,000 tonnes annual capacity petrochemical plant, according to Iraqs Oil Ministry.

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Iran Conflict Exposes Israel’s Energy Vulnerabilities

Mees

Despite the shuttering of two of its three gas fields, Israel has managed to stave off blackouts as it leans on diesel and coal stockpiles alongside renewables. Iran’s direct strike on the 197,000 b/d Bazan refinery at Haifa could test Israel’s road fuel availability resilience.

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Middle East Conflict Jolts Energy Markets

Enverus

The targeted nature of these strikes suggests a deliberate attempt to avoid major disruptions to international markets: the affected refinery and gas field serve Iran’s domestic consumption needs.

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Petrovietnam, JV Partners Sign PSC for Vietnam Block

Rigzone

Block 15-1, an oil and gas block with one of the country’s largest reserves and one of the earliest to be developed, is located in the Cuu Long basin in the southern mainland of Vietnam and includes the Black Lion, Golden Lion, Brown Lion and White Lion oil and gas fields, according to the release.

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