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In a region which has shown both extensive investment and increased instability over the past few years, MEA merits a significant degree of technically minded and industry-focused coverage.
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Turkey simply relabels Russian oil products and exports them to Europe, research indicates
Country appears to have quite brazenly emerged as a strategic pitstop for fuel products from Russia rerouted to the EU.
Rotterdam Foundation signs MoU for green economy projects in Egypt’s Suez Canal Economic Zone
Iran poised to jack up Euro 5 fuel output
Iran is set to ramp up high-quality fuel production by launching eco-friendly projects in its leading refineries.
Border dispute affects Niger-Benin pipeline
Benin has shut off all Nigerien oil exports following a border dispute with its neighbour.
Anticipation builds ahead of decisive OPEC+ meeting
Speculation is rife as the group prepares to decide whether or not it should stick to the current 2.2mn bpd of cuts
Tupras set to produce SAF at Izmir refinery
Turkish oil refining company Tupras has revealed that it is making progress towards starting production of sustainable aviation fuel at its Izmir refinery in Turkey.
Iran plans 15 new petrochemical projects
Nigerian fuel subsidies will impact oil revenue in 2024 – IMF
Nigeria’s decision to reinstate fuel subsidies is likely to drain around half of the country’s oil revenue in 2024, according to a statement released by the International Monetary Fund (IMF) on May 9.
$19bn worth of opportunities await investors in Iranian refining Industry
The National Iranian Oil Refining and Distribution Co. announced $19bn worth of investment opportunities up for grabs in Iran’s refining sector.
Naturgy says gas supply contracts with Algeria unaffected by shareholding sales
Spanish natural gas firm Naturgy said supply contracts with Algeria include no clauses that would be affected by changes to its shareholding structure, amid talks with Abu Dhabi energy firm TAQA of a potential full takeover of Naturgy.
Jordan seeks resumption and renewal of Iraqi crude supply
Iraqi oil exports to Jordan were unexpectedly halted on April 22, amid political pressure from Iraqi MPs.
Iran engages more local knowledge-based firms in oil industry with new deals
The Iranian Oil Ministry and the scientific division of the presidential office have signed a string of deals worth $1.1bn with local knowledge-based companies to manufacture equipment needed by the petroleum industry.
UAE oil giant’s refining capacity soars, boosting crude exports
The United Arab Emirates’ largest oil company has ramped up the exports of its top-notch Murban crude oil after upgrading a major refinery.
Waltersmith plans oil terminal for fuel oil exports
Waltersmith Petroman Oil Ltd. has said that it plans to construct a new oil terminal to export fuel oil produced at its refinery in Imo State.
ADNOC leaves talks to buy stake in Braskem
The Abu Dhabi National Oil Company (ADNOC) has quit talks to purchase a stake in Brazilian petrochemical company Braskem from controlling company Novonor, according to a Braskem statement released May 6.
NECA calls for coordinated action on fuel scarcity – Nigeria
The Nigerian Employers’ Consultative Association has made calls for “urgent coordinated action” and “strategic interventions” to fix ongoing issues of fuel scarcity in the country.
Iraq to supply gas from Akkas to grid
The Iraqi Ministry of Oil has declared its collaboration with the Ministry of Electricity to enhance the national power supply by 1,640 MW, leveraging gas from domestic fields.
Shell to divest from downstream assets in South Africa
Shell is planning to divest from downstream assets in South Africa following an internal portfolio review, according to a statement released by the company on April 6, additionally confirmed by an interview with the Daily Maverick.
Ghana to limit taxes on LPG
Ghana’s National Petroleum Authority (NPA) is pushing to make liquefied petroleum gas (LPG) more accessible and affordable for customers around the country, planning to work with the Ministry of Finance to limit taxes on the fuel.
Aramco sticks with dividend increase despite drop in Q1 profit
Aramco has announced plans to significantly increase its dividend payments this year, despite experiencing a 14% decline in quarterly profits.
British oil & gas major Shell divesting from South Africa after 120-year presence
Shell said it has decided to divest its 72% shareholding from Shell Downstream South Africa (SDSA) after a "comprehensive review" of its businesses across all regions.
Iran to offer big incentives to methanol plants producing petrol
Iran’s Oil Ministry will give a 30% discount on the feedstocks for petrochemical plants involved in making petrol out of methanol, a union leader said.
Iran aims for €7.5bn in oil equipment exports
Iranian manufacturers are poised to ramp up exports of petroleum equipment by more than tenfold in the next two years, a union chief said on May 6.
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