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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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Nigeria’s marketers consider halting petrol imports after Dangote price cut, new 15% import duty
Nigeria’s petroleum marketers are considering suspending fuel imports after the Federal Government introduced a 15% import duty and Dangote Refinery cut its petrol price.
Nigerian crude earnings fell 43% in 2024 despite higher output
Data from Nigeria’s Budget Implementation Report for Q4 2024, published this week, has shown that profits from the country’s oil and gas sales plummeted by 43% in 2024, despite production increasing on average.
South Africa: Industry condemns government silence over looming gas crisis as Sasol offers interim fix
The Industrial Gas Users Association of South Africa (IGUA-SA) has once again voiced its concerns about the impending “gas cliff” and the government’s inaction in addressing the supply shortage.
Saudi Arabia's Kingdom Holding reports SAR794.5mn net profit, up 129%
Saudi Arabia's Kingdom Holding reports SAR794.5mn ($212mn) Q3 net profit, up 129% year-on-year. Total comprehensive income reaches SAR3.228bn ($861mn), up 111.5%.
South Sudan’s president reverses petroleum ministry reshuffle amid heightened export security risks
South Sudan's petroleum ministry undersecretary has been reinstated a week after his removal. The move comes amid Sudan's warning that continued RSF drone attacks near key infrastructure could force a shutdown of the pipeline to Port Sudan.
Nigeria’s NNPCL moves towards minority-stake operations model, reiterates it will not sell refineries
Nigerian National Petroleum Company Limited (NNPCL) plans to pursue strategic operating partnerships in which it retains a minority shareholding, while external partners take over technical and managerial control.
France urges citizens to leave Mali as fuel blockade deepens crisis
France has urged its citizens to leave Mali as an al-Qaeda-linked blockade of fuel supplies worsens, causing acute shortages, extensive power cuts and increasing security risks across the country
Ghana’s StarOil eyes stock exchange listing to fund expansion drive
StarOil is weighing a potential listing on the Ghana Stock Exchange (GSE) as part of a broader strategy to raise capital and cement its dominance in the petroleum sector, CEO Philip Tieku said.
ADNOC’s trading arm and drilling subsidiary plans expansions
ADNOC is leveraging efforts across global commodity trading upstream services to maximise value
Genesis Energy and Nigerian National Petroleum Company partner to supply excess power to national grid
Genesis Energy and the NNPCL have entered into a partnership to supply excess electricity from the Port Harcourt Refining Company to the national grid, in a move aimed at reducing energy shortages and improving grid reliability.
Turkey arrests directors of fuel retailer TP after SOCAR complaint
Police describe around 18,500 tonnes of fuel as "missing".
Nigeria: NNPCL considers increasing equity stake in Dangote refinery to 20%
The Nigerian National Petroleum Co. Ltd. (NNPCL) said on November 6 that it planned to increase its equity stake in the $20bn Dangote refinery to 20%.
Nigeria’s Senate adopts interim report alleging $200bn worth of crude oil revenue discrepancies
Nigeria: Dangote lawsuit dismissed by court
Nigeria’s Federal High Court has dismissed a suit filed by 650,000 barrels per day (bpd) Dangote refinery in November 2024.
Nigeria seeks IMF support to design fuel price modulation framework
Nigeria has requested technical assistance from the International Monetary Fund (IMF) to establish a fuel price modulation framework aimed at cushioning domestic price shocks and supporting fiscal stability
SABIC sees pressure on profit margins due to petchem overcapacity
Saudi Basic Industries Corp. (SABIC) CEO Abdulrahman Al-Fageeh said this week that global overcapacity in the petrochemicals industry had put pressure on profit margins, leading to reduced operating rates.
India’s Bharat Petroleum buys Emirati crude following sanctions on Russia
Bharat Petroleum has purchased a cargo of Emirati Upper Zakum crude as it attempts to circumvent sanctions on its usual crude supplier based in Russia, according to Reuters.
Halliburton wins integrated drilling contract for HI gas field supplying Nigeria LNG Train7
Halliburton (NYSE:HAL) secured an integrated drilling and completion services contract for the HI gas field in OML144, a project led under the SPDC JV framework to provide feed gas for Nigeria LNG’s Train7 expansion.
Nigeria's Ondo State announces $50bn investment framework for proposed 500,000bpd refinery, free trade zone
Ondo State signed a $50bn investment agreement with a consortium of international firms, including China Harbour Engineering Company and Honeywell OUP, to build a 500,000-bpd refinery and develop a 1,471-hectare free trade zone.
Oman, Spain seal MoUs on LNG, green methanol
The governments of Oman and Spain on November 4 signed a string of memoranda of understanding (MoUs) in Madrid, including two major energy accords on liquefied natural gas (LNG) and green methanol, TradeArabia reported on November 5.
Iraq begins trial operation of two refineries with combined 140,000 bpd capacity
Iraq has officially begun trial operations at two major refineries ( North Refinery 2 and Saladin Refinery 3), each with a capacity of 70,000 barrels per day(bpd), bringing the country’s total refining output up by 140,000 bpd
Kuwait’s North Al-Zour plant reports 65% surge in nine-month profits
Kuwait's North Al-Zour First Power and Water Company posts 65% profit rise to KWD11.3mn ($36.8mn) in first nine months of 2025. Board approves interim cash dividend of 5 fils per share.
Ghana saves $411.5mn after axing SML contracts, special prosecutor says
Ghana has saved more than $411.5mn by cancelling the upstream and mineral-sector components of the Strategic Mobilisation Ghana Limited (SML) revenue assurance agreement, according to the Office of the Special Prosecutor (OSP).
Iran produces first bioethanol petrol blend
Iran has produced its first bioethanol-based petrol (E5) with an annual capacity of 1.2bn litres, aimed at reducing pollution and expanding the use of green automotive fuel, Deputy Minister of Industry Farshad Moqimi said.
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