Old fields could produce 400,000 barrels of oil per day within a year and there are some large natural gas reserves to exploit, but investment is needed to make the most of the opportunity.
A series of red lines were drawn at a meeting of gas-producing countries in Algiers. Al Majalla looks at what they are, where they came from, and what they may mean for energy markets.
A longstanding dispute between Saudi Arabia and Kuwait on the one hand, and Iran on the other, has been rehashed after Iran states its intention to start drilling in the Durra gas field
Any agreement that restores traffic through the strait will bring immediate relief, but repairing the damage wrought by war—and restoring confidence—will take far longer
As states race to embed algorithms in systems of reconnaissance, targeting, air defence, and military decision-making, a new layer of risk is taking shape