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Majority state-owned Saudi Aramco has kicked off the third phase of its Master Gas System network expansion, selecting contractors to carry out $10bn worth of work to improve its infrastructure and meet rising domestic demand.
Majority state-owned Saudi Aramco this week announced the discovery of additional resources at the Kingdom’s largest unconventional gas deposit, Jafurah.
The US military has sounded the alarm over a looming “environmental disaster” following an assault by Yemen’s Houthi rebels on a cargo ship, triggering an chemical spill in the Red Sea.
The Baiji complex – now renamed the al-Sumood (Perseverance) – was once Iraq’s largest refining centre and originally had three operating refineries on site with a total capacity of 290,000 barrels per day.
Iran’s Oil Minister Javad Owji said Pakistan was “interested” in undertaking its commitments in a long-overdue pipeline project aimed at delivering Iranian natural gas to the energy-hungry neighbour.
QatarEnergy broke ground on its $6bn Ras Laffan petrochemical project, its largest investment in petrochemicals in the country.
QatarEnergy has begun the construction of its $6bn Ras Laffan petrochemical project as of February 19, realising the country’s largest investment in petrochemicals to date.
The Abu Dhabi National Oil Co. (ADNOC) has withdrawn from bidding on Egypt’s Wataniya Petroleum as the deal was ending, according to sources with inside knowledge of the event.
Iran is mulling to import petrol for the looming New Year holiday as production and consumption have leveled off, Deputy Oil Minister Jalil Salari said.
Iraq is searching for international energy companies to realise the struggling Nebras petrochemical project in the southern oil hub of Basra following the withdrawal of Shell Oil Co, according to a government announcement on February 18.
The International Islamic Trade Finance Corp. (ITFC) has signed a deal with Djibouti to secure energy supply through the importation of petroleum products.
Saudi Aramco is gearing up to issue a bond this year, with a focus on longer maturities of up to 50 years, according to chief financial officer Ziad Al-Murshed.
The Houthi group reported over the weekend that a joint airstrike by the US and UK had targeted the coastal province of Hodeidah in western Yemen.
Shell released a statement on 13 February saying it would not be proceeding with the Nebras petrochemical project in southern Iraq, due to a major decline in profits in the area.
Nigeria’s Port Harcourt Refining Complex (PHRC) has received 475,000 barrels of crude oil from Shell, marking a resumption in oil supply to the plant.
Dubai Municipality has signed a memorandum of understanding with NV Besix SA, Marubeni Middle East and Africa Power Ltd. (MAMEA) and ENOC Marketing at the World Governments Summit 2024 to produce SAF.
The Uganda National Oil Co. (UNOC) announced in a statement to ChimpReports on February 13 that it expected the UAE’s Alpha MBM Investments to make a final investment decision on the construction of Hoima oil refinery by the end of 2024.
The International Monetary Fund (IMF) has urged the Nigerian federal government to completely remove subsidies for fuel and electricity, noting that such policies were expensive and ineffective at helping the country’s population.
Saudi Arabia’s Oil and Sustainability Programme (OSP) has launched the national human capacity training programme together with the Nigerian ministry of petroleum in a bid to increase usage of liquefied petroleum gas (LPG) for clean cooking.
This is a significant milestone for the refinery, which was inaugurated in 2023. It began buying crude in December last year.
Iran aims to expand its oil and gas refining capacity by more than 30% in a five-year time frame by building new mini and large refineries, the deputy oil minister for planning said.
Royal Dutch Shell has said it will halt its involvement in the Nibras petrochemical complex project in Iraq, the company announced in a statement on February 13.