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Oman, Spain seal MoUs on LNG, green methanol
The governments of Oman and Spain on November 4 signed a string of memoranda of understanding (MoUs) in Madrid, including two major energy accords on liquefied natural gas (LNG) and green methanol, TradeArabia reported on November 5.
Iraq begins trial operation of two refineries with combined 140,000 bpd capacity
Iraq has officially begun trial operations at two major refineries ( North Refinery 2 and Saladin Refinery 3), each with a capacity of 70,000 barrels per day(bpd), bringing the country’s total refining output up by 140,000 bpd
Kuwait’s North Al-Zour plant reports 65% surge in nine-month profits
Kuwait's North Al-Zour First Power and Water Company posts 65% profit rise to KWD11.3mn ($36.8mn) in first nine months of 2025. Board approves interim cash dividend of 5 fils per share.
Ghana saves $411.5mn after axing SML contracts, special prosecutor says
Ghana has saved more than $411.5mn by cancelling the upstream and mineral-sector components of the Strategic Mobilisation Ghana Limited (SML) revenue assurance agreement, according to the Office of the Special Prosecutor (OSP).
Iran produces first bioethanol petrol blend
Iran has produced its first bioethanol-based petrol (E5) with an annual capacity of 1.2bn litres, aimed at reducing pollution and expanding the use of green automotive fuel, Deputy Minister of Industry Farshad Moqimi said.
Jordan’s NPC to increase gas output tenfold at Risha by 2030
Jordan’s National Petroleum Company (NPC) plans to increase its production at the Risha gas field by tenfold, as part of its strategy to support national industry, energy security, and job creation
Turkish refineries reportedly buying more non-Russian crude in response to sanctions
Turkey's largest oil refineries are reportedly purchasing more non-Russian oil as they react to the latest Western sanctions imposed on Russia in relation to its war in Ukraine.
Dangote refinery ramping up output as Nigeria prepares phased 15% fuel import duty
Nigeria’s Dangote refinery is scaling up gasoline and diesel output as the government prepares to phase in a 15% import duty on refined fuel products, part of a broader effort to shift supply towards domestic refining and reduce FX pressure.
ExxonMobil delays $30bn Rovuma LNG decision pending restart of TotalEnergies’ Mozambique LNG project
Tanzania’s new synthetic fuel project set to compete with Dangote’s jet fuel market
Tanzania has announced plans to construct a significant $420mn synthetic fuel project that could place the country as the lead jet fuel exporter in Africa, challenging Nigeria’s 650,000 barrels per day (bpd) Dangote refinery.
Nigeria's NNPCL weighs technical equity partnerships to revive idle state-owned refineries
NNPCL is reviewing options to bring the Port Harcourt, Warri and Kaduna refineries back into meaningful operation, possibly by bringing in technical equity partners to upgrade or repurpose units.
Waha Oil says design work completed for planned $1bn Libya pipeline project
Waha Oil Company says it has completed design work for a planned 700-km crude pipeline in Libya intended to replace aging infrastructure and improve reliability of crude transport.
Algeria backs African infrastructure development
Algerian President Abdelmadjid Tebboune has confirmed Algeria’s continued support for increased development in Africa, emphasising the need for integrated and modern infrastructure to develop the continent’s economy.
Mali closes universities and schools as fuel crisis worsens
Mali has shut down schools and universities across the country as an increasingly dire fuel crisis takes hold, with militant groups continuing to block fuel imports that typically enter the country via its landlocked borders.
Suez Canal temporarily blocked by tanker carrying Russian oil
The Suez Canal was blocked for several hours on October 28 by a sanctioned tanker that had run aground, with the Suez Canal Authority noting that the 150,600-deadweight tonnage (dwt) Komander had suffered engine issues while sailing South.
Iraq targets 100,000 bpd capacity for Samawah oil refinery
The Iraqi government plans to add 70,000 barrels per day (bpd) to the Samawah refinery’s current capacity of 30,000 bpd, as part of efforts to meet domestic fuel demand in Muthanna province
Saudi Arabia’s chemical exports fall 7% in August to SAR 6.64bn
Saudi Arabia’s exports of chemical and related industry products declined by 7% year-on-year to SAR 6.64bn in August 2025, compared with the same month in 2024, General Authority for Statistics data showed on October 29.
Dangote to raise $5bn for Lagos refinery expansion, Afreximbank president says
Africa’s richest man, Aliko Dangote, plans to raise $5bn to fund a major expansion of his Lagos refinery, which aims to double capacity to 1.4mn bpd and become the world’s largest by 2028.
Iran needs $26bn to meet petchem targets, deputy oil minister says
Iran requires around $26bn in fresh investment to achieve its petrochemical development goals under the country’s Seventh Development Plan (SDP), Deputy Oil Minister for Petrochemicals Hassan Abbaszadeh said on October 27.
Nigeria’s CBN disbursed $1.26bn to oil importers in 1Q as local refining remains limited
Nigeria's central bank disbursed $1.26bn in January through March to oil-sector operators for petroleum imports owing to limited local refining capacity despite output from the Dangote Refinery and test operations at NNPCL's Port Harcourt plant.
Tanzania plans $420mn gas-to-liquid plant with Canada’s Rocky Mountain Clean Fuels
Canadian company Rocky Mountain Clean Fuels has completed a feasibility study for a $420mn gas-to-liquid (GTL) plant in Tanzania that will produce diesel, jet fuel, and other petroleum products locally.
Energean signs 15-year deal to transport Israeli gas to Egypt
British gas producer Energean signed a 15-year agreement to transport natural gas through Israel’s planned Nitzana pipeline to Egypt, as part of wider $4bn contracts for the purchase and transport of Israeli gas
Dangote announces plans to expand refinery in Nigeria to become the world’s largest
Nigerian business magnate Aliko Dangote has announced plans to expand his $20bn Dangote Refinery in Lagos to 1.4mn barrels per day (bpd), making it the world’s largest refinery.
Nigeria’s Dangote Refinery plans 5–10% NGX listing within a year, says chairman
Dangote Refinery, the 650,000 bpd integrated complex outside Lagos, is preparing to list between 5% and 10% of its shares on the Nigerian Exchange (NGX) within the next 12 months, Chairman Aliko Dangote said in an interview.
Egypt continues to hike fuel prices
Egyptians have seen fuel prices increase amid a worsening cost-of-living crisis following the introduction of a price hike championed by the International Monetary Fund (IMF), according to Peoples Dispatch.
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