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Nigeria's Dangote set to increase capacity to 700,000 bpd
Nigeria’s 650,000 barrel per day (bpd) Dangote refinery is currently undergoing modifications to raise its capacity to 700,000 bpd, according to Punch.
Daily diesel usage drops 6% in Iran due to anti-smuggling efforts
Iran has cut its daily diesel consumption by nearly 6% compared to last year, largely due to tighter oversight, smart fuel monitoring systems, and reinforced controls to combat fuel smuggling, a deputy oil minister said.
Azerbaijan’s Socar reportedly considering sale of Aegean Sea container port in Turkey
Azerbaijan’s national oil company Socar is mulling a sale of its port unit in Turkey, Bloomberg reported on July 22.
Saudi crude exports continue to increase
Crude exports from Saudi Arabia reached their highest point in May compared to the preceding three months, according to a Reuters report citing data released by the Joint Organizations Data Initiative (JODI) on July 21.
EU and UK sanction Dubai-based operator of Gabon and Comoros ship registries tied to Russian oil exports
Fire occurs as Iran’s Abadan refinery
The Iranian oil ministry’s news agency Shana reported on July 19 that the country’s 500,000 barrel per day (bpd) Abadan refinery had suffered a fire, with one of the plant’s employees passing away before the blaze was contained.
Nigeria: Port Harcourt refinery suffering from funding shortfall, PETROAN says
The Petroleum Products Retail Outlets Owners Association of Nigeria’s (PETROAN) national public relations officer Joseph Obele revealed this week that Nigeria’s 210,000 barrel per day (bpd) Port Harcourt refinery was yet to resume operations.
Aramco discussing Jafurah-based finance deal with BlackRock
Aramco is reportedly working on a deal to raise approximately $10bn from a consortium led by BlackRock for the infrastructure of its flagship Jafurah gas project
Turkey proposes wider energy and power deal with Iraq, announces end of Kirkuk-Ceyhan pipeline agreement
Turkey has submitted a draft proposal to Iraq to renew and widen an energy agreement between the two countries to include cooperation in oil, gas, petrochemicals and electricity.
Iran overhauls South Pars refinery to avert winter shortages
Iran has launched a major maintenance programme at its South Pars Phase 10 gas refinery
Deadly blaze contained at Iran’s Abadan refinery
A fire that broke out at Unit 70 of Iran’s Abadan oil refinery, one of the Middle East’s largest refining complexes in the southwestern oil-rich Khuzestan province, was extinguished following hours of “non-stop efforts," a local official said.
Mozambique set to construct new 240,000 bpd refinery
African independent Aiteo has signed a large engineering, procurement and construction (EPC) agreement for a new 240,000 barrel per day refinery in Mozambique.
NNPCL may sell state-owned refineries
Egypt’s record diesel imports deepen Europe’s supply crunch
Egypt has sharply increased its diesel imports to record levels in July 2025, worsening the ongoing supply squeeze across Europe.
Nigeria’s NNPCL, Akwa Ibom and GACN sign $3.5bn gas deal to boost South-South industrialisation
The Nigerian National Petroleum Company Ltd, the Akwa Ibom State Government and the Gas Aggregation Company of Nigeria have signed a $3.5bn memorandum of understanding to accelerate gas-based industrial development.
Iranian crude exports to China hit peak
Iranian crude exports to China have climbed to their highest level since March at more than 1.7mn barrels per day due to sellers increasing shipments to avoid the effects of the recent conflict between Israel and Iran.
Dangote plans deep seaport in Ogun State to expand exports and LNG infrastructure
Aliko Dangote, Africa’s richest man, has submitted a proposal to build Nigeria’s largest and deepest seaport at Olokola in Ogun state, signalling a renewed effort to expand industrial operations and strengthen maritime logistics in the country.
Nigeria: Dangote plans to expand facilities
Nigeria’s 650,000 barrel per day Dangote refinery is set to construct fuel storage tanks in Namibia capable of holding 1.6mn barrels of petrol and diesel for Southern African countries.
Nigerian army destroys illegal refineries, recovers fuel
The Nigerian Army’s 6 Division has carried out a series of operations focused on dismantling illegal refining infrastructure and confiscating stolen products between June 30 and July 13.
POSCO signs Aramco deal for Fadhili plant expansion
South Korea’s POSCO has secured a contract to supply steel to Saudi Aramco for the expansion of the Fadhili gas plant
SOCAR to supply Syria with gas
SOCAR has signed a memorandum of understanding to supply natural gas to Syria
Nigeria’s NNPCL may sell three major refineries after failed $18bn rehabilitation efforts
The NNPCL is considering the sale of its three major oil refineries: Port Harcourt, Warri and Kaduna, following repeated unsuccessful attempts to rehabilitate the ageing facilities despite investments totalling $18bn.
Gabon’s new oil and gas minister launches deepwater exploration drive
Sosthène Nguema Nguema, Gabon’s recently appointed Minister of Oil and Gas, has launched a strong drive to attract investment in deepwater oil and gas exploration.
Libyan oil revenues reach $9.43bn
Libya’s central bank revealed this week that the country’s oil revenues had reached $9.43bn in the first half of 2025, making the oil industry an important contributor to the Libyan economy – according to Reuters.
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