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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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Geopolitical strains fail to spur sustained rise in oil prices
Despite the combustible backdrop of armed conflicts near major oil producers, including Russia and Iran, oil markets have not experienced a sustained price increase.
What next for oil markets after Iranian strike on Israel?
For the time being, traders have apparently shrugged off fears of a direct war between Israel and Iran, but escalation is still a significant risk.
Iran to spend $4.1bn to import vehicle fuel this year
Iran plans to spend billions of dollars to import vehicle fuel in the current Persian calendar year started on March 20, the semi-official Tasnim News Agency reported on April 16, citing the annual budget bill.
Kuwait names ex oil minister as new PM
In a decisive move aimed at stabilising the political landscape, Kuwait's Emir has appointed Sheikh Ahmad Abdullah al-Ahmad al-Sabah as the new prime minister.
TotalEnergies' plan to restart building of Mozambique gas project violates planned EU law
French energy supermajor TotalEnergies' intention to resume constructing a natural gas processing plant in northern Mozambique could violate an upcoming European Union law.
Energy groups Enppi, Petrojet to build $11.34mn solar facility at Egypt’s Assiut refinery
Russia sends three diesel-loaded tankers to Sudan
Niger, CNPC sign $400mn crude oil sale draft deal
Role of gas in South Africa’s future energy landscape
Nigeria's NNPCL owes $3bn to fuel traders, soft re-boot to subsidies looms
The backlog in payments has proved a significant setback to the Nigerian government in its attempts to shore up finances by shutting down expensive subsidies for the energy sector.
Saudi raises OSPs for Mediterranean, Asian buyers
Saudi Arabia has raised the official selling price (OSP) for its Arab Light crude oil for Asian and Mediterranean customers in May, according to an Aramco statement released April 5.
Iraq receives bids for construction of 100,000 barrel per day oil refinery
Iraq has received bids from numerous foreign companies for the construction of the proposed 100,000 barrel per day Al-Kut oil refinery in the country’s Eastern Wasit Governate.
Oman increases automobile fuel production by 15.5%
Oman increased the production of automobile fuel at its refineries by 15.5% at the end of February 2024 compared to the same month in 2023, according to preliminary statistics.
Nigeria's NSCDC discovers large-scale illegal refining site in Imo State
Nigeria’s Special Intelligence Squad (SIS) of the Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC) has announced that it discovered a large-scale illegal refining site in Ohaji/Egbema Local Government Area.
Crude oil prices remain in motion amid Middle East uncertainty
Fresh talks between Israel and Hamas at the start of the week prompted Brent and WTI prices to slip from higher prices during the previous week, but a lack of progress in the talks by mid-week and a pending new attack by Israel prompted concern.
Iraq to rehabilitate Turkey pipe, bypassing Kurdistan
Baghdad has said it is working to circumvent Kurdistan by repairing a direct conduit to allow for a resumption of oil flows to the Mediterranean
Uganda confirms China’s commitment to EACOP completion
TotalEnergies, Sonatrach expand partnership in Algeria
Gas consumption rose 3% in Iran last Persian year
Iranians burned nearly 3% more of natural gas during the past Persian calendar year that came to an end on March 19, a senior Oil Ministry official said, amid a chronic shortage mainly endured by large industries.
Iranian petchem giant’s output spiked 6% last year
DMEA: Aramco, ADNOC seek Indian oil storage deal
Iran says Taliban cannot measure Iranian fuel quality
Iran accused the Taliban of lacking “proper laboratory equipment” to test the quality of Iranian fuel exported to neighboring Afghanistan, the semi-official news agency ILNA reported on April 7.
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