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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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Angolan industry body backs gradual fuel price hikes to curb subsidy burden
Angola Industrial Association (AIA) president José Severino has backed the gradual increase of fuel prices and higher taxes on gasoline-powered vehicle imports as part of efforts to reduce the country’s costly fuel subsidy bill.
Iran's Amir Kabir Petrochemical posts higher annual profit on product mix, FX
Iran's Amir Kabir Petrochemical Company reported gross, operating and net profit growth of about 56%, 60% and 74% respectively for the financial year to March 2026.
Uncertain peace deal with Iran sends oil prices plummeting
Oil prices have dropped more than 5% to around $80 per barrel following the announcement of a peace deal between the US and Iran on June 15, with the latter noting that it would reopen the Strait of Hormuz.
Saudi Arabia, South Korea sign MoU to increase cooperation in energy sector
Saudi Arabia and South Korea signed a memorandum of understanding (MoU) on June 15 to increase cooperation in the development and use of petrochemical materials and in crude oil stockpiling.
Deal or no deal? Comparing the Iran MoU to the JCPOA
When the US and the P5+1 concluded the Joint Comprehensive Plan of Action in 2015, the document ran to 159 pages, enshrined in UN Security Council Resolution 2231 with a snapback mechanism.
Ghanaian petroleum marketer GOIL defies revenue slump to lift profit and dividend
Ghanaian petroleum marketer GOIL PLC (GSE:GOIL) increased profit and raised its dividend for the first time in three years despite a decline in revenue.
Ghana fuel price cuts offer relief as global oil pressures ease
The reductions come as Ghana's government reviews fuel relief measures introduced to cushion consumers and businesses from price shocks linked to tensions in the Middle East.
Oman's refinery output surges by 86.2% in April
Oman's total refinery output surged in April 2026 by 86.2% y/y, according to preliminary statistics from the National Centre for Statistics and Information.
Cameroon selects Tradex to develop fuel stations on Chad and CAR trade corridors
The project aims to improve support services for freight operators while strengthening trade links between Cameroon and the landlocked economies of Chad and the Central African Republic.
Uganda unveils $22.75bn budget as oil production push drives growth
Uganda has unveiled an UGX84.4 trillion ($22.75bn) 2026/27 budget, projecting 10.2% economic growth driven by oil, infrastructure, agriculture and industrial expansion ahead of first commercial oil production later this year.
Cameroon earns $25.6mn from Chadian oil transit fees in 5M 2026
Cameroon earned $25.6mn in transit fees from Chadian crude exports during the first five months of 2026, benefiting from sustained volumes moving through the 1,080-km pipeline linking Chad’s oil fields to the export terminal at Kribi.
Kenya cuts diesel prices as President Ruto pledges continued support for fuel stability
Kenyan President William Ruto has said the government will maintain measures aimed at shielding consumers from global fuel price volatility after authorities announced a sharp reduction in diesel prices supported by a state subsidy
After the blockade: what Hormuz’s reopening does and does not resolve
A US-Iran memorandum has reopened the Strait of Hormuz after 108 days, but structural damage to energy markets, insurance and tanker routes will persist well beyond the diplomatic announcement
Iran says 38% of disrupted petchem capacity restored after war damage
The National Iranian Petrochemical Co. (NIPC) has restored around 38% of the petrochemical production capacity lost or disrupted during the recent US-Israeli war, its CEO said.
Egyptian military transfers 10% stake in Wataneya fuel stations to Taqa Arabia ahead of IPO
Egypt has transferred a 10% stake in 172 Wataneya fuel stations to Taqa Arabia (EGX:TAQA) as part of preparations for a future stock market listing and broader IMF-backed reforms aimed at reducing the military's role in the economy.
Dangote refinery lifts Nigerian crude premiums as domestic demand strengthens
Dangote Petroleum Refinery’s rising purchases of Nigerian crude are tightening domestic supply and pushing premiums on key export grades higher, strengthening Nigeria’s position in global oil markets amid volatile trading conditions
Baghdad and Erbil forge pact to shield Kurdistan oil infrastructure
Authorities in Baghdad and Erbil have agreed a joint security framework to protect international oil companies operating in northern Iraq
Iraq’s petrol imports exceed 118,000 tonnes in Q1 2026
Iraq imported 118,298 tonnes of petrol during the first quarter of 2026, marking a sharp decline from the same period last year, petrol imports between January and March fell by 66.1% to 349,292 tonnes, compared with 1,034,000 tonnes during 2025.
Feedstock issues cut Dangote petrol output capacity in Nigeria
The Dangote Petroleum Refinery has reduced production at its petrol-making unit by about 34% since late May due to feedstock constraints and technical issues
South African lender Standard Bank pledges to back IPO of Nigeria's Dangote refinery
Standard Bank Group (JSE: SBK) has pledged support for the planned IPO of the Dangote Petroleum Refinery in Nigeria and indicated its willingness to finance future expansion projects by parent company Dangote Industries.
BOAD secures $423mn from Ivorian banks for SIR refinery environmental upgrade
The West African Development Bank (BOAD) has mobilised $423mn from eight commercial banks in Côte d'Ivoire to help finance a major hydrodesulphurisation project at the SIR refinery in Abidjan.
Saudi Arabia increases jet fuel exports to Europe
Saudi Arabia is expected to send more jet fuel to Europe this month than it did when the Strait of Hormuz was still open, according to data from Vortexa and Kpler.
Nigeria: Dangote Refinery’s RFCC set to return to full production after temporary setback
Market research and data company IIR Energy said this week that the Residual Fluid Catalytic Cracker (RFCC) at Nigeria’s 650,000 barrels per day (bpd) Dangote Refinery is set to return to full production by mid-June.
Nigerian Senate orders arrest of former NNPCL CEO Mele Kyari
Nigeria’s Senate Committee on Public Accounts has ordered the arrest of former Nigerian National Petroleum Co. Ltd. (NNPCL) CEO Mele Kyari for failing to appear at court over N210 trillion ($154.2bn) in unaccounted funds.
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