By: Oil & gas middle east

The Middle East’s energy sector is in motion — and the pace is accelerating. From corporate restructurings to record profits and groundbreaking infrastructure projects, the region’s oil and gas industry is demonstrating both adaptability and ambition in equal measure.

Russian oil major LUKOIL is recalibrating its regional strategy by moving trading operations from its Switzerland-based arm, Litasco, to a newly formed subsidiary in Dubai, Alghaf Marine DMCC.

The move, prompted by shifting geopolitical realities and sanctions, underscores Dubai’s growing reputation as a preferred global energy trading hub. For Lukoil, the UAE offers a stable and strategically positioned base to keep its Middle Eastern presence strong and competitive:

In Saudi Arabia, Aramco continues to deliver blockbuster results. The state-owned giant reported a second-quarter profit of $24.5 billion, lifting its half-year earnings to $50.9 billion. Strong demand, consistent operational performance, and momentum across its strategic projects are fueling the results:

Meanwhile, the emirate of Sharjah is pushing ahead with critical infrastructure development. The Sharjah Electricity, Water and Gas Authority (SEWA) has reached 46% completion on the first phase of its natural gas network project in Al Dhaid City.

The project aims to connect almost 1,000 residents to the network by early 2026, marking a significant step toward improving energy accessibility and supporting long-term growth in the region:

From boardrooms in Dubai and Dhahran to the streets of Al Dhaid, the latest developments point to an energy sector that’s not just reacting to change — it’s actively shaping the future.

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