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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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South Africa’s industrial gas users launch GasHub to address looming supply gap
Twenty-two major industrial gas users from South Africa’s mining, glass, metals, chemicals and food manufacturing sectors have formally launched GasHub, a gas demand aggregator.
Nigeria’s Dangote refinery signs deals with EIL, Honeywell to expand capacity
Nigeria’s 650,000 barrels per day (bpd) Dangote refinery has signed a contract with Engineers India Ltd. (EIL) as part of efforts to expand its refining capacity to 1.4mn bpd by 2028, according to Dangote Group CEO Aliko Dangote.
Iran launches two privately built petchem plants in Bushehr
The National Iranian Petrochemical Co. (NIPC) brought online two privately built petrochemical plants in the southern province of Bushehr, as Iran seeks to attract more private capital for its development plans.
Iran raises fuel price to curb smuggling
Iran introduced a new petrol-pricing scheme that will charge motorists IRR50,000 ($0.04) per litre for any consumption exceeding 160 litres a month, a measure that raises fuel costs in a country long accustomed to the world’s cheapest pump prices.
Iranian petchem industry meets first-year targets under the Seventh Plan, emphasises improved preparedness and security protocols
Iran’s National Petrochemical Company (NPC) managing director and deputy oil minister Hassan Abbasszadeh has said that the country’s petrochemical industry has met its first-year targets under the Seventh Plan.
Nigeria's NNPCL announces record profits
The Nigerian National Petroleum Co. Ltd. (NNPCL) announced on November 24 that it had recorded net profits of 5.4 trillion naira ($3.6bn) in 2024, according to a Reuters report.
Nigeria’s Dangote selects Honeywell to drive refinery capacity expansion
Nigeria’s Dangote Group has signed an agreement with Honeywell (NASDAQ: HON) to support its plan to double refining capacity to 1.4mn barrels per day (bpd) by 2028
Kenya to truck Turkana crude as Gulf Energy prepares 2026 output
Kenya will move crude oil from the Turkana fields to the port of Mombasa by road in the first phase of production, the Energy and Petroleum Cabinet Secretary said on November 24
Iran progresses refining projects to lift gasoline output
Iran’s Oil Ministry is advancing three major projects to boost daily petrol output by 20mn litres, Deputy Oil Minister Mohammad-Sadegh Azimifar said.
Mozambique awards 30-year LNG and Rompco pipeline concession to state firms
Mozambique has granted ENH, CFM, EDM and HCB a 30-year concession to develop LNG terminals, storage sites and the 865-km Rompco pipeline, aiming to strengthen domestic gas logistics and support regional flows.
CONFERENCE CALL: G20 Africa Energy Investment Forum
G20 Africa Energy Investment Forum participants urged faster gas development, expanded LNG capacity and more bankable projects; the African Energy Chamber insists fossil fuels remain central to energy security and growth.
Saudi Arabia's trade surplus grows at fastest pace in three years
Saudi Arabia's trade surplus hits SAR26bn in September, highest since May 2024, with 66.3% annual growth marking fastest pace since August 2022. Non-oil exports rose 22% year-on-year whilst Q3 surplus reached SAR66.1bn, strongest since Q2 2024.
Aramco considers raising funds from midstream sales
Saudi Aramco is currently assessing what could become its most significant asset disposal to date, exploring the sale of stakes in its critical export and storage terminals
Iran launches exchange-based sales of imported high-octane petrol
Iran began offering imported high-octane petrol on the Energy Exchange on November 23 at a base price of IRR658,000 rials ($0.58) per litre, introducing a third free-market fuel tier intended for luxury vehicles and state-owned cars.
Kenya invites Uganda to acquire stake in Kenya Pipeline Company
Kenya has invited Uganda to take a significant stake in the Kenya Pipeline Company (KPC) as part of a plan to expand shared ownership of regional fuel infrastructure.
South Korea’s Hanwha Ocean wins $515mn VLCC order from Africa-based shipper
South Korea’s Hanwha Ocean Co. (KRX:042660) has secured a $515mn contract to build four very large crude carriers (VLCCs) for an undisclosed Africa-based shipping company, the shipbuilder said in a regulatory filing.
Nigeria’s Auditor-General flags $42mn in financial irregularities at NNPCL
Nigeria’s Office of the Auditor-General for the Federation has identified 28 significant financial irregularities linked to the Nigerian National Petroleum Company Limited (NNPCL), involving disputed payments and unverified expenditures.
Nigeria fuel imports surge as government suspends planned 15% import duty
Nigeria recorded a sharp increase in petrol arrivals after the government postponed its planned 15% ad-valorem import duty, with 149,500 metric tonnes (194.35mn litres) entering or scheduled to land at local ports between November 21 and 25.
Egypt secures €53.8mn from AFD and EIB to support Green Sustainable Industry Programme
Rosneft reduces shareholding in Kurdistan pipelines
Russia’s Rosneft has executed a strategic reduction of its shareholding in the Kurdistan Pipeline Co. (KPC), bringing its stake below the critical 50% threshold to insulate the subsidiary from the reach of US sanctions
Petrol price reform aimed at easing budget strain, Iranian minister implies
Iran’s Oil Minister Mohsen Paknejad implicitly acknowledged that the government’s plan to introduce a three-tier petrol pricing system was designed in part to plug a widening budget deficit caused by rising fuel imports.
High Court blocks South Sudan oil sale in BB Energy debt dispute
London-based commodity trader BB Energy has secured an emergency injunction in the High Court in London to stop South Sudan from selling an oil cargo worth more than $20mn, as the group seeks repayment of a $100mn loan.
Uganda’s Hoima refinery project continues to make progress
Uganda’s Hoima refinery project represents a landmark for energy projects in the country, allowing it to get closer to processing its crude reserves domestically instead of importing fuel from abroad.
Nigeria’s fuel marketers warn unpaid transport-cost debts threaten supply stability
Nigeria’s Independent Petroleum Marketers Association (IPMAN) warns that long-overdue reimbursements inherited from the former Petroleum Equalisation Fund are straining marketers and could pressure downstream fuel supply.
Drone attacks on Sudan processing facilities interrupt South Sudan’s crude exports
Crude oil production and exports were temporarily halted in parts of Sudan and South Sudan last week after drone strikes on two separate processing facilities in Sudan.
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