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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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Tanker sanctions begin to affect Iranian crude oil trade with China
The US’s extended sanctions on Iran have begun to take a toll on the country’s crude trade with China as sanctioned tankers are now being removed from the route, reducing the total amount of ships able to carry the commodity.
Petroleum marketers halt imports, rely on Dangote Refinery for fuel supply
Nigeria’s biggest petroleum marketers have revealed that they will be halting petrol imports after 650,000 barrels per day Dangote Refinery increased local supply.
OPEC+ to cut crude prices for Asia
Saudi Arabia is set to cut crude prices for Asian buyers in January to their lowest level in years, with prices likely to decline by 70 to 90 cents per barrel from December, according to Asian refinery sources who took part in a Reuters survey.
Cameroon to implement additional fuel subsidy cuts in 2025
Cameroon’s government is ready to implement additional fuel subsidy cuts under the guidance of the International Monetary Fund (IMF), with the policy scheduled for introduction in 2025.
Port Harcourt refinery loading products daily
Nigerian National Petroleum Co. Ltd. (NNPCL) has revealed that part of its rehabilitated 210,000 barrels per day Port Harcourt Refining Complex (PHRC) at the Area 5 terminal is now ready to commence loading of around 200 trucks per day.
UN plastic pollution talks collapse as volume of waste escalates
The failure of recent global talks in Busan, South Korea, to produce a landmark treaty to combat plastic pollution, has underscored the complexities and challenges of addressing one of the planet’s most pressing environmental and climate issues.
Iranian president again hints at possible petrol price hike
Iranian President Masoud Pezeshkian has floated the idea of hiking petrol prices in the next fiscal year starting on March 21, 2025, despite fierce opposition from parliament.
Iran alleges major boost in vehicle fuel output
A senior Iranian Oil Ministry official claimed a significant surge in vehicle fuel production since the government of President Masoud Pezeshkian took office in late July.
DMEA: Nigerian fuel smugglers continue to profit
China’s Export-Import Bank should not back EACOP, says Human Rights Watch
Human Rights Watch (HRW) has urged China’s Export-Import Bank (Exim Bank) not to finance the East African Crude Oil Pipeline project which is being developed to transport oil from western Uganda's oilfields to the port of Tanga in eastern Tanzania
NNPCL to proceed with refinery privatisation plan
The Nigerian government has announced that it will be fully privatising the country’s state-owned refineries with 210,000 barrels per day (bpd) Port Harcourt, 125,000 bpd Warri and 110,000 bpd Kaduna on the list.
South Africa seeks LNG from Qatar as gas shortages loom
Saudi Arabia forms new petchem committee
Saudi Arabia has moved to improve private sector participation in petrochemicals by introducing its first national committee for energy and petrochemicals – overseen by the Federation of Saudi Chambers.
AGL set to expand Pointe-Noire terminal
Congo Terminal – a subsidiary of Africa Global Logistics (AGL) – is poised to begin the expansion of the port of Pointe-Noire in the Republic of Congo (ROC) together with China’s Road and Bridge Co.
Nigerian fuel smugglers continue to profit
Nigerian fuel smugglers continue to cross borders to trade petrol from cans and bottles due to low prices of the product in the country, with anonymous traders noting that the business remains “very profitable,” according to Vanguard.
Indian Oil renews annual crude oil import agreement with Iraq for 2025
Indian Oil Corporation (IOC), India’s largest government-owned oil and gas refining company, has renewed its annual crude oil import agreement with Iraq for 2025, maintaining the agreed volume at 21mn tonnes.
Nigeria saves $7.5bn due to fuel subsidy removal
The Nigerian government has announced that it is saving $7.5bn a year from funds previously used for fuel subsidies after the policy’s removal.
Tinubu’s administration projects Nigeria to save $7.5bn annually from fuel subsidy removal
US sanctions on Gazprombank put $200mn South African gas-to-liquids project in difficult position
US sanctions on Russia's Gazprombank announced on November 21 are likely to negatively affect a planned $204mn project to revive a gas-to-liquids plant in South Africa, as per local media reports.
Tenders for $25bn Nigeria-Morocco gas pipeline expected in 2025
West African Gas Pipeline undergoes critical maintenance as inspection begins
The West African Gas Pipeline Company Limited (WAPCo) will on Monday, November 25, begin a major cleaning and inspection of the West African Gas Pipeline (WAGP), an official statement said.
KPC head outlines spending plans to boost oil output
KPC plans to invest $33bn over the next five years to expand oil production capacity
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