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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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SABIC Fujian Petrochemicals signs agreement with KBR
Saudi Arabia Basic Industries Corporation Fujian Petrochemicals signed an agreement with US-based engineering company KBR on April 22, allowing it to utilise the company’s leading phenol technology in China.
SABIC Fujian Petrochemicals signs agreement with KBR
Saudi Arabia Basic Industries Corporation (SABIC) Fujian Petrochemicals signed an agreement with US-based engineering company KBR on April 22, allowing it to utilise the company’s leading phenol technology in China.
ADNOC considers investment in AmeriGas
A unit of the UAE’s state-owned oil major Abu Dhabi National Oil Co. is currently considering an investment in UGI Corp’s AmeriGas – a propane distribution business – according to sources with knowledge of the matter.
Iraq makes moves in refining, pushes to tackle flaring
Iraq is currently considering constructing multiple oil refineries in neighbouring countries in a bid to achieve self-sufficiency, according to Deputy Chairman of Parliament’s oil and gas committee, Adnan Al-Jabiri.
Additional sanctions on Iran could disrupt LPG flows – S&P Global
Tighter sanctions on Iran along with ongoing tensions in the Middle East could potentially affect global liquified petroleum gas supply, putting Iranian exports into the danger zone while OPEC+ cuts continue to shorten outflows in the region.
Nigerian Senate committee says Port Harcourt refinery 90% complete
Nigeria’s ad-hoc Senate committee – a group created to investigate turnaround maintenance of Nigerian refineries – has said that upgrades and repairs for the full rehabilitation of Port Harcourt refinery are at 90% completion.
SABIC cuts capacity at Dutch petchems plant
Saudi Aramco’s petrochemicals arm has permanently closed one of two naphtha crackers at its complex at the Chemelot industrial park in Geleen, the Netherlands.
Saudi ACWA, Azerbaijan's SOCAR sign joint venture agreement to develop hydrogen
Saudi Arabia's ACWA Power, a power and water desalination plant, has signed agreements with Azerbaijan's state oil company SOCAR to jointly develop renewable energy projects
Iran’s two major clubs officially sold to banks, petchem companies
Iran's Economy Minister Ehsan Khandouzi has confirmed the transfer of ownership of the country's top two football clubs, Persepolis and Esteghlal to the private sector to continue playing in the Asian football league.
US imposes new sanctions targeting Iran's petroleum and military capabilities
The United States has introduced a new set of stringent sanctions aimed at curtailing Iran's ability to finance and conduct destabilising activities, including terrorism and the development of weapons of mass destruction.
Nigerian petroleum regulator plans to bolster local crude refining
Nigeria, historically Africa’s largest crude oil exporter, relies heavily on imports to meet local energy needs. However, the government is trying to change that with plans to revive four moribund oil refineries and put them back in operation.
DMEA: Egypt detains LPG tanker after grounding
Niger to supply diesel to Mali national energy company
EACOP faces more legal challenges
Numerous groups from Uganda’s Albertine region engaged in a public demonstration on April 15, protesting “unjust” evictions and the lack of a fair, transparent judicial process for the East Africa Crude Oil Pipeline (EACOP).
Egypt detains LPG tanker after grounding
Egyptian authorities have detained a Liberian-registered gas carrier after the vessel grounded itself in an environmentally sensitive location in the Gulf of Aqaba.
Nigeria paying more for fuel subsidies
Kaduna State’s past governor Nasir El-Rufai has said that Nigeria’s Federal Government is paying more fuel subsidy now that it had been before while speaking to reporters on April 15.
KPC pushes for integration
CEO of the Kuwait Petroleum Corporation (KPC), Sheikh Nawaf Saud Al-Sabah has highlighted the importance of achieving integration between the KPC and its subsidiaries – the Kuwait National Petroleum Company (KNPC) and KIPIC.
SABIC predicts difficult year for petrochemicals in 2024
Saudi Basic Industries Corporation (SABIC) has said that it expects 2024 to be a difficult year for the global petrochemical industry.
Republic of Congo expands oil partnerships, eyes closer ties with Azerbaijan
The Republic of the Congo’s President Denis Sassou-Nguesso is diversifying the West African country’s oil and gas partnerships in search of reliable allies to explore its substantial reserves.
LNG reigns supreme in low-carbon bunkering
Geopolitical strains fail to spur sustained rise in oil prices
Despite the combustible backdrop of armed conflicts near major oil producers, including Russia and Iran, oil markets have not experienced a sustained price increase.
What next for oil markets after Iranian strike on Israel?
For the time being, traders have apparently shrugged off fears of a direct war between Israel and Iran, but escalation is still a significant risk.
Iran to spend $4.1bn to import vehicle fuel this year
Iran plans to spend billions of dollars to import vehicle fuel in the current Persian calendar year started on March 20, the semi-official Tasnim News Agency reported on April 16, citing the annual budget bill.
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