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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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Iran’s annual petrodollars grow over fourfold in three years, oil minister says
Iran’s Oil Minister Javad Owji boasted about the petroleum industry’s performance under his management, saying the country's oil and gas revenues rose more than four times during his tenure.
DMEA: Al-Zour refinery reaches full capacity
Turkmennebit and Dragon Oil discuss potential cooperation in oil and gas sector
A recent meeting on February 6 in Ashgabat between a delegation from the UAE’s Dragon Oil and management officials from Turkmenistan’s national oil company Turkmennebit has raised potential prospects for cooperation.
Al-Zour refinery reaches full capacity
Kuwait’s Al-Zour refinery achieved its full capacity of 615,000 barrels per day (bpd) on February 4, signifying the end of test runs that have been ongoing since 2020.
Germany strikes gas pipeline deal with Algeria
German energy utility VNG has signed the country’s first pipeline gas deal with Algeria, with the latter’s state-owned oil and gas company Sonatrach.
Duqm Refinery set to change Omani energy outlook
Oman’s 230,000 barrels per day Duqm Refinery has been inaugurated by the country’s government in the presence of Sultan Haitham Bin Tariq and the Emir of Kuwait, Sheikh Mishal Al-Ahmed Al-Jaber Al-Sabah.
Egypt set to decide on buyer for Wataniya
Egypt is set to receive closing bids for the purchase of shares in the National Company for the Sale and Distribution of Petroleum Products (Wataniya).
NNPCL partners with US, Deloitte to achieve net-zero targets
The Nigerian National Petroleum Company (NNPC) Ltd. has stated that it will be working with the US Department of State and international management consultancy firm Deloitte in a bid to achieve net-zero carbon targets.
Nigeria holds talks with Daewoo-led South Korean group on potential LNG export deal
The Nigerian National Petroleum Co. (NNPC) Ltd. has held talks with a South Korean consortium led by Daewoo Engineering & Construction Co. Ltd. with the aim of increasing Nigerian liquefied natural gas (LNG) exports to the East Asian country.
Moody’s expects Red Sea disruptions to cause oil price volatility
Ongoing tensions in the Red Sea may lead to volatility of oil prices amid trade disruptions in the area and elevated shipping, insurance and freight costs.
Household gas consumption in Iran sets fresh record
Domestic gas consumption has hit yet another daily record in Iran amid a cold snap sweeping many parts of the country, said the dispatching director of the National Iranian Gas (NIGC).
Taliban returns 19 tankers of poor-quality fuel to Iran
The Taliban’s national norm and standard department announced that it has returned 19 tankers of fuel to Iran through a border crossing in Nimrouz Province of Afghanistan due to its poor quality.
Iraqi MP proposes suspension of oil exports to Jordan
Iraqi MP Mustafa Jabbar Sanad has proposed the suspension of oil exports to Jordan.
Contractors to complete Halfaya gas project during Q1
Two state-run Chinese companies expect to fully complete Iraq’s Halfaya gas processing plant by the end of the first quarter of 2024, according to the local Ministry of Oil.
DMEA: Central Bank of Nigeria set to take over NNPCL crude sales
Houthis claim US, UK targeted Ras Isa oil terminal
Yemen’s Houthi militia has said that airstrikes were conducted by the US and UK on the Ras Isa oil terminal on the Red Sea, located in Yemen’s western province of Hodeidah.
Sentuo Oil Refinery begins operations in Ghana
Ghana’s $1.98bn Chinese-owned Sentuo Oil Refinery has begun operations following its commissioning by President Nana Akufo-Addo on January 26.
Iran launches oil refinery, bitumen plant in Bandar Abbas
Iran has brought online two petroleum projects in the southern port city of Bandar Abbas, totally financed by the private sector.
Dangote refinery purchases US Oil
Nigeria’s 650,000 barrels per day Dangote refinery has signed an agreement with Trafigura Group to import 2mn barrels of WTI Midland crude, marking the first time the plant has bought non-Nigerian oil.
Central Bank of Nigeria set to take over NNPCL crude sales
Nigerian president Bola Tinubu recently announced a change to the country’s oil industry to fix issues regarding transparency amid concerns regarding declining oil revenue and shady practices within the Nigerian National Petroleum Co. Ltd. (NNPC).
“Masked Russian oil” supplied via Turkish terminal has even ended up in US warships, claim senators
KPC considers project delays to plug deficit
Kuwait Petroleum Corp. (KPC) is exploring strategic measures to address a significant deficit in its capital spending during the five-year plan concluding in 2027, according to the Arabic daily Alanba.
DMEA: CNOOC to construct LPG facility in Uganda
Ghana’s president commissions Chinese-owned Sentuo oil refinery
Ghana’s president has commissioned the Sentuo Oil Refinery (SOR), part of an ongoing drive to reduce the reliance on imported petroleum products. The two-phase construction is expected to be completed by 2025.
Russian LPG exports to Turkey double in 2023
Traders and LSEG data have stated that liquefied petroleum gas (LPG) exports to Turkey from Russia doubled in 2023, showing growing trade between the two countries in a pivot away from Europe by Ankara.
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