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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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Oil prices see modest decline on August 24 despite Washington's threat of new Iranian sanctions
Oil prices fell by around 2% on August 24 as traders took profits following two weeks of gains and awaited details of new US sanctions against Iran.
Mauritius' Bhunjun Group buys Engen's 37 fuel stations, launches local Fillin brand
Oil Terminal Ltd, a subsidiary of Mauritian conglomerate Bhunjun Group, has acquired all 37 Engen service stations in Mauritius and is rebranding the network as Fillin.
Zimbabwe widens energy mix to unlock new power investment
Zimbabwe has widened the range of energy sources recognised under its regulatory framework, opening a clearer path for investment as the Government targets more than doubling electricity generation capacity to 6 000MW by 2030.
Baghdad wins a narrow Hormuz reprieve
Bowing to persistent Iraqi lobbying, Tehran has begun waving through select Iraqi crude tankers at Hormuz. It is a partial, politically freighted escape valve from six-month shipping paralysis
Reatile to take minority stake in Shell Downstream South Africa after ADNOC takeover
ADNOC Distribution agreed in July to acquire 100% of Shell Downstream South Africa from Shell (LSE/NYSE: SHEL) at an implied enterprise value of about $1bn, before adjustments for net debt and working capital.
Geregu Power remits overdue payment on $30mn bond after default
Geregu Power said it had remitted the overdue eighth coupon and fourth scheduled part-principal payment on its Series 1 bond to the instrument’s trustees, after FMDQ Securities Exchange flagged the bond as being in credit default.
Nigeria's petrol subsidy removal freed up $11.7bn in resources, says finance ministry
Nigeria’s federal government said the removal of the petrol subsidy freed up an estimated NGN15.8 trillion ($11.7bn) for the federation between June 2023 and December 2025.
ASP Isotopes begins commissioning South African helium plant ahead of September shipments
ASP Isotopes (Nasdaq: ASPI; JSE: ISO) has begun commissioning the liquid-helium facility at its Virginia Gas Project in South Africa’s Free State province, with the first commercial shipments expected in September.
African independent oil and gas companies expand upstream role as IOCs divest assets
African independent oil and gas companies are expanding their role in the continent’s upstream sector as international oil companies sell mature assets and local operators take on larger production portfolios.
Tanzania’s clean cooking initiative set to slow down due to Iran war
Tanzania’s effort to ramp up the rollout of liquefied petroleum gas (LPG) cylinders to help its population transition to cleaner forms of cooking may hit difficulties as the war with Iran persists.
Nigeria’s PETROAN pushes NNPCL to show results on refinery rehabilitation
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has pushed the Nigerian National Petroleum Co. Ltd. (NNPCL) to measure refinery performance by tracking output, returns on investment, and plant availability.
Namibia warns of flight disruption amid jet fuel supply constraints
Namibia's main international airport is facing Jet A-1 fuel supply constraints, prompting warnings that flight schedules could be affected as authorities work with suppliers and airlines to maintain operations.
Iran’s top refinery raises daily petrol output to 49mn litres using methanol
The Persian Gulf Star Oil Co. (PGSOC), Iran’s largest fuel producer, has boosted daily petrol production to 49mn litres after successfully testing a new process that blends methanol into petrol, its chief executive said.
Ghana says gas-to-power shift saves $500mn a year as oil output rebounds, says minister
Ghana's switch to gas-fired power generation has cut its reliance on imported liquid fuels, saving the country roughly $500mn a year, Energy and Green Transition Minister John Abdulai Jinapor said.
Hellish scenes in Cyprus as Turkey’s problem with mountains of imported plastic waste washes ashore
Mounting pollution on northern Cypriot beaches show spillover costs of Ankara’s ambition to dominate Europe’s waste-processing trade.
Mauritius’ labour union demands transparency on petrol price build-up
Mauritius’ decision to raise petrol prices by 10% has triggered criticism from trade unions and financial analysts, who warn the increase will squeeze household incomes and raise transport and consumer costs, Le Mauricien reported on August 18.
Nigeria’s Dangote Refinery lines up $1bn financing and underwriting package ahead of IPO
Dangote Petroleum Refinery has lined up a $1bn financing and underwriting programme as it prepares a Nigerian initial public offering that could become Africa’s largest-ever IPO.
Genser Energy secures $528mn financing to support West African expansion
Genser Energy Investments, a West African gas-to-power and energy-infrastructure company, has completed a €456mn ($528mn) term and revolving credit facility arranged by three major African banking groups to support ongoing projects
Aramco follows ADNOC out of Hormuz
Confronted by a widening arc of maritime risk, Saudi Aramco is quietly offering Gulf crude to Asian buyers from loading points beyond the Strait of Hormuz
KPC sticks with capacity targets despite regional volatility
KPC has recorded a resilient operational performance for the 2025-2026 financial year, maintaining steady production and refining throughput despite severe regional geopolitical disruptions
Nigeria's Dangote refinery challenges regulator over 15.5mn-barrel crude supply gap
Nigeria’s Dangote Petroleum Refinery has challenged upstream regulator NUPRC to substantiate its claim that the plant accepted 52.6mn barrels of the 68.1mn barrels of crude offered by producers in 2Q26, leaving a 15.5mn-barrel gap.
Nigeria considers crude and gas swap mechanism to cut domestic supply costs
Nigeria’s upstream regulator is consulting industry stakeholders on a domestic crude oil and gas swap mechanism aimed at lowering supply costs, improving refinery feedstock availability and strengthening compliance with domestic supply obligations.
Nigerian Navy dismantles three illegal refineries
The Nigerian Navy has dismantled three illegal refining sites and recovered about 85,000 litres of suspected illegally refined Automotive Gas Oil (AGO) in Rivers State as part of efforts to curb crude oil theft and illegal petroleum processing.
Analysts predict mid-to-high $80s per barrel oil prices for this year
Oil price forecasts for 2026 are converging around the mid-to-high $80s per barrel after months of extreme revisions triggered by the Middle East conflict.
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