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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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DMEA: ADNOC withdraws from Wataniya deal
Iraq prime minister reopens al-Shamal Refinery after decade shutdown
The Baiji complex – now renamed the al-Sumood (Perseverance) – was once Iraq’s largest refining centre and originally had three operating refineries on site with a total capacity of 290,000 barrels per day.
Pakistan willing to revive long-overdue gas pipeline, Iranian minister says
Iran’s Oil Minister Javad Owji said Pakistan was “interested” in undertaking its commitments in a long-overdue pipeline project aimed at delivering Iranian natural gas to the energy-hungry neighbour.
Ardova Plc announces LPG facility upgrade in Ijora, Nigeria
Qatar breaks ground on largest petrochemicals project
QatarEnergy broke ground on its $6bn Ras Laffan petrochemical project, its largest investment in petrochemicals in the country.
Qatar begins construction of Ras Laffan petchem project
QatarEnergy has begun the construction of its $6bn Ras Laffan petrochemical project as of February 19, realising the country’s largest investment in petrochemicals to date.
ADNOC withdraws from Wataniya deal
The Abu Dhabi National Oil Co. (ADNOC) has withdrawn from bidding on Egypt’s Wataniya Petroleum as the deal was ending, according to sources with inside knowledge of the event.
Iran might import petrol for upcoming New Year holiday
Iran is mulling to import petrol for the looming New Year holiday as production and consumption have leveled off, Deputy Oil Minister Jalil Salari said.
Iraq seeks foreign companies to realise Nebras petchem project
Iraq is searching for international energy companies to realise the struggling Nebras petrochemical project in the southern oil hub of Basra following the withdrawal of Shell Oil Co, according to a government announcement on February 18.
Djibouti signs $90mn deal for petroleum products
The International Islamic Trade Finance Corp. (ITFC) has signed a deal with Djibouti to secure energy supply through the importation of petroleum products.
Aramco plans to issue long-term bond
Saudi Aramco is gearing up to issue a bond this year, with a focus on longer maturities of up to 50 years, according to chief financial officer Ziad Al-Murshed.
Houthis report new US-UK airstrike on Hodeidah
The Houthi group reported over the weekend that a joint airstrike by the US and UK had targeted the coastal province of Hodeidah in western Yemen.
DMEA: Dubai Municipality signs MoU to produce SAF
Shell quits Nebras petrochemical project
Shell released a statement on 13 February saying it would not be proceeding with the Nebras petrochemical project in southern Iraq, due to a major decline in profits in the area.
Port Harcourt refinery receives crude oil from Shell
Nigeria’s Port Harcourt Refining Complex (PHRC) has received 475,000 barrels of crude oil from Shell, marking a resumption in oil supply to the plant.
Dubai Municipality signs MoU to produce SAF
Dubai Municipality has signed a memorandum of understanding with NV Besix SA, Marubeni Middle East and Africa Power Ltd. (MAMEA) and ENOC Marketing at the World Governments Summit 2024 to produce SAF.
Final investment decision for Hoima refinery expected in 2024
The Uganda National Oil Co. (UNOC) announced in a statement to ChimpReports on February 13 that it expected the UAE’s Alpha MBM Investments to make a final investment decision on the construction of Hoima oil refinery by the end of 2024.
IMF urges Nigeria to phase out subsidies on fuel and electricity
The International Monetary Fund (IMF) has urged the Nigerian federal government to completely remove subsidies for fuel and electricity, noting that such policies were expensive and ineffective at helping the country’s population.
Saudi Arabia to collaborate with Nigeria on LPG adoption
Saudi Arabia’s Oil and Sustainability Programme (OSP) has launched the national human capacity training programme together with the Nigerian ministry of petroleum in a bid to increase usage of liquefied petroleum gas (LPG) for clean cooking.
Nigeria's Dangote oil refinery issues tender for first fuel cargo export
This is a significant milestone for the refinery, which was inaugurated in 2023. It began buying crude in December last year.
Iran eyes increasing refining capacity by over 30% through new refineries
Iran aims to expand its oil and gas refining capacity by more than 30% in a five-year time frame by building new mini and large refineries, the deputy oil minister for planning said.
Shell pulls out of Iraq's Nibras petrochemical site
Royal Dutch Shell has said it will halt its involvement in the Nibras petrochemical complex project in Iraq, the company announced in a statement on February 13.
Iraq to continue expanding IOTC fleet
The Iraqi Ministry of Oil (MoO) has announced plans to continue building out the country’s fleet of the Iraqi Oil Tanker Co. (IOTC), following the addition of two new Norwegian-built units.
Riyadh planning further sale of Aramco shares
Saudi Arabia is reportedly preparing for another round of share sales in Aramco, aiming to bolster the kingdom’s finances and advance its economic diversification efforts away from oil dependency.
Iran’s gasoline production up 22% in three years, says oil minister
Iran’s gasoline output has increased by 22% over the past three years, Oil Minister Javad Owji said.
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