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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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Angola plans for 31% increase in LPG demand
Angolan state-owned gas company Sonagas has announced that it expects LPG demand to increase by 31% in the country from 2024 to 2027.
Nigerian army shuts down 13 illegal refineries in Niger Delta
The Nigerian army has reported that it has dismantled 13 illegal refining sites, seized seven boats, located eight illegal connection points and confiscated around 60,000 litres of stolen petroleum products across the Niger Delta.
Massive fire breaks out at gas condensate plant in eastern Iran
A series of massive explosions rocked a condensate factory in the Iranian city of Garmsar, eastern Semnan Province, leaving 10 people injured, two critically.
Iran imported 30mn litres of petrol daily in September amid growing shortage
The Iranian government had to import 30mn litres of petrol per day in September to stave off fuel shortages during the holiday period, an energy expert told state TV.
Why has Iran become a petrol importer?
It is estimated that Iran's petrol imports, which stood at around $2bn last year, will surge to almost $3bn this year.
Iran eyes Iraqi investment to build refinery on western border
Iran is looking to attract investment from neighboring Iraq to build a refinery in the Qasr-e Shirin free trade zone near the Iraqi border, the state news agency IRNA reported on September 22, citing a local official as saying.
DMEA: NNPCL searches for operators to run Port Harcourt refinery
Petrol prices to go up by 20% next year, Iranian MP says
An Iranian lawmaker said petrol prices would soar by up to 20% next Persian calendar year starting on March 21.
Saudi Aramco signs fresh agreements with Chinese petrochemical majors
Saudi Aramco has signed additional agreements with Chinese petrochemical majors Rongsheng Petrochemical and Hengli Group as part of a push to further cooperation in the Chinese and Saudi Arabian petrochemical sectors.
Dangote Refinery to deliver 75% of petroleum products via sea routes
Dangote Refinery has announced that it will be transporting 75% of its local petroleum product supply via sea routes instead of road networks due to the high costs associated with transporting products over road and issues with traffic congestion.
SAR, Sedin Engineering to construct new refinery and petchem plant in Senegal
Senegal’s Société Africaine de Raffinage (SAR) has signed a protocol agreement with China National Engineering subsidiary Sedin Engineering for the construction of a new refinery and petrochemical plant in the country.
NNPCL searches for operators to run Port Harcourt refinery
The Nigerian National Petroleum Co. Ltd. (NNPCL) has officially tendered for operators of its 210,000 barrels per day (bpd) Port Harcourt refinery – according to a statement released by the company on September 16.
Iranian petchem giant among top 20 firms worldwide
The Persian Gulf Petrochemical Industries Co. (PGPIC), Iran's largest petrochemical holding group, has made history within the Iranian petrochemical industry by breaking into the top 20 chemical firms worldwide.
Saudi Maaden to acquire SABIC's stake in Alba for SAR3.9bn
Dangote Refinery gasoline set to cost more than imported fuel
Gasoline produced at the Dangote Oil Refinery in Nigeria will not be cheaper than imported fuel, the Nigerian National Petroleum Company Ltd (NNPCL) has announced.
Iran produces low-quality petrol to make up for fuel shortage, leading refinery says
The Persian Gulf Star Oil Co. (PGSOC), Iran’s main vehicle fuel supplier, has been forced to make low-quality cheap petrol despite having the ability to roll out high-octane fuel, said the CEO of a state-run investment firm that owns the refinery.
Iran to set up its first green polymer plants in Persian Gulf
Iran is set to build two eco-friendly petrochemical plants as its first industrial units, churning out biodegradable polymers on Qeshm Island in the heart of the Persian Gulf.
DMEA: Egypt reviews WEPCO, Bapetco performance, discusses Hamra terminal expansion
NNPCL refuses to buy gasoline from Dangote refinery
The Nigerian National Petroleum Co. Ltd.’s (NNPCL) spokesperson Olufemi Soneye said last week that the company would not be purchasing fuel produced by 650,000 barrels per day (bpd) Dangote Refinery.
Petchem output, export set to rise, Iranian deputy oil minister says
Iran's petrochemical sector is poised for a significant boost in production and export this year, Deputy Oil Minister Morteza Shahmirzaei said.
Iraqi oil exports to US increase alongside budget issues
Iraq’s weekly oil exports to the United States have increased as of last week – according to an announcement made by the US Energy Information Administration (EIA) on Sunday.
Iran continues to increase petrochemical capacity
The head of Iran’s National Petrochemical Co. (NPC) Morteza Shahmirzaei announced on Monday that five major petrochemical projects had started operations since the beginning of 2024.
Egypt reviews WEPCO, Bapetco performance, discusses Hamra terminal expansion
Egypt’s petroleum minister Karim Badawi has met with two of the country’s petroleum companies to review their performance over the 2023/2024 fiscal year.
Methanex, Egypt meet to discuss methanol production
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with the Senior Vice President of Corporate Resources Brad Boyd at Canadian-based Methanex Co. on Sunday to discuss production rates of methanol in Egypt.
Iranian pump owners' union says fuel smuggling is systematic
The spokesperson for Iran's Fuel Stations Union said that 25mn litres of petrol were smuggled out of the country every single day in a wholesale and systematic way involving “hundreds of road tankers.”
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