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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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Iraq revives desert route to bypass Hormuz
Confronted with the fallout from the Iran war, Baghdad is trucking heavy crude across the desert to Syria’s Baniyas, reviving a long-dormant Mediterranean outlet
Nigeria opens Kano gas facilities as CNG rollout strains refuelling network
Nigeria has commissioned LNG-to-CNG facilities in Kano as 143,000 vehicle conversions put pressure on a refuelling network of about 106 stations.
Iranian MP calls for expert investor to revive underperforming Abadan Petrochemical
Iran’s Tamin Petroleum and Petrochemical Investment Co. (TAPPICO) plans to auction its 53.09% controlling stake in Abadan Petrochemical next week.
Saudi Arabia’s East-West pipeline continues to be hit by strikes
Saudi Arabia’s vital East-West crude oil pipeline was hit by yet another attack earlier this week amid ongoing regional instability, showcasing the vulnerability of the country’s newfound reliance on moving oil overland.
Nigerian activist praises efforts to tackle oil theft and pipeline vandalism
Niger Delta activist Sele Mezeh has praised the Olu of Warri, Ogiame Atuwatse, and Pipeline Infrastructure Nigeria Ltd. (PINL) for their efforts to protect oil and gas pipeline infrastructure in the region from crime involving crude oil theft.
Senegal’s EDK Group launches $51mn seven-year bond at 7.5% to fund fuel, food and retail expansion
Senegalese conglomerate Groupe EDK has launched a seven-year XOF30bn public bond offering with a fixed 7.5% coupon on the WAEMU regional financial market to fund new service stations, fast-food restaurants, supermarkets and an animal-feed plant
Iran's top refinery says petrol sulphur is 20 times below limit
Persian Gulf Star Oil Co., which supplies about half of Iran's petrol, says its fuel contains about 20 times less sulphur than permitted but gave no test results.
Ghana agrees roadmap with Tullow Oil on $393mn tax bill, reaffirms $2bn Jubilee and TEN plan
The arbitration loss left Tullow facing a bill close to the proceeds of its recent asset sales, at a time when it is concentrating on Ghana.
Falklands oil future to be decided by year end as Rockhopper project faces court ruling
The International Tribunal for the Law of the Sea in Hamburg has commenced a two-day hearing considering Argentina's request for provisional measures against the United Kingdom regarding hydrocarbon exploration.
Iran offers rial-yuan financing for petchem projects
Iran has proposed using the rial and yuan, Chinese export credit and possible joint banking arrangements to help finance petrochemical projects.
Nigeria restores Lagos bulk power supply above 1,000MW amid gas-payment dispute
Nigeria’s Power Minister Joseph Tegbe said bulk electricity supply to the Lagos Complex had recovered to more than 1,000MW after repairs to the vandalised Benin–Egbin 330kV transmission line
Angola’s cheap petrol drives fuel subsidy bill to double budget
Angola has Africa's second-lowest petrol price and ranks fourth globally at $0.327 per litre, according to international fuel-price data cited by the government.
No sub-Saharan African terminal can unload a full LPG supertanker cargo, ARDA warns
Sub-Saharan LPG demand is growing at double-digit rates, yet importers mostly buy small spot cargoes and hold little stock.
Sudan signs final deal with Turkish-backed venture for Suakin LPG terminal
Sudan’s ports authority has signed a BOT contract with Turkish-backed Suakin Petroleum to build an LPG berth and 28,000-cubic-metre storage terminal at Suakin.
South Sudan seeks energy investment at Juba conference in November
South Sudan will seek new investment in oil exploration, production, refining and electricity infrastructure at the seventh South Sudan Oil & Power (SSOP) conference, scheduled for November 24–25 in Juba.
Nigerian refinery Dangote’s $4.8bn order book exposes limits of Africa’s retail investor reach
Dangote refinery’s IPO drew about $4.78bn of orders, nearly three times its base offer, but missed its 10mn-investor goal as access limits bit.
African fuel-tax relief nears expiry as Botswana, Zambia restore levies and South Africa spends $610mn
Six months after the Middle East oil shock, African governments are diverging on who pays for it. Botswana and Zambia are clawing back fuel-tax revenue, Mozambique wants a higher levy, while South Africa, Kenya and Ghana are forgoing revenue.
Libyan-backed OLA Energy’s planned purchase of TotalEnergies’ Ethiopian fuel business faces COMESA competition review
OLA Energy’s planned purchase of TotalEnergies’ 120-plus Ethiopian fuel stations is heading for COMESA competition review amid concerns the merged firm could hold close to half the retail market.
Ethiopia to redirect up to $543mn in World Bank funding to cushion fuel crisis
Ethiopia plans to reallocate up to $543mn in existing World Bank financing to ease mounting fuel import costs and FX pressures, without taking on new emergency loans.
Egypt courts Dangote’s $10bn–$15bn investment, but says it need not be a refinery
Nigeria's Dangote Group is exploring investments in Egypt's refining, petrochemicals, fertiliser and manufacturing sectors after talks with a high-level Egyptian delegation in Lagos
Iran’s Jam Petrochemical explores new products for Chinese market
Iran’s Jam Petrochemical is assessing the feasibility of producing higher-value polyethylene products tailored to demand in China, following talks with Chinese buyers and distributors, a company official said.
Riyadh clears path to revive Iraq-Saudi oil pipeline
Saudi Arabia has preliminarily approved rehabilitating the mothballed crude export pipeline linking Iraq's southern oilfields to the Red Sea
Iran seeks $250bn investment to upgrade energy sector
Iran needs about $250bn in investment over the next five years to modernise its energy sector and infrastructure, Deputy Economy Minister Mehdi Heydari said, as the country seeks to attract foreign capital for major projects.
Mozambique proposes higher fuel levy and bigger Road Fund share to raise $326mn a year for roads
Mozambique plans to raise fuel levies on petrol and diesel and increase the share of levy receipts earmarked for roads, targeting about $326mn a year for road maintenance to address a funding shortfall worsened by cyclone damage
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