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Iran to develop new petrol refinery amid growing demand
Iran plans to build a major refinery to boost its fuel production amid growing demand for petrol that is costing the country dearly due to heavy subsidies and smuggling.
DMEA: Major oil companies pledge to cut methane emissions
Nigerian refining on track for comeback
Nigeria’s refining sector is set to see a comeback this December, with two large plants due to be operational soon
Saudi Aramco acquires 40% stake in Gas & Oil Pakistan Ltd
Saudi Aramco has signed an agreement to acquire a 40% equity stake in Gas & Oil Pakistan Ltd. (GO), bringing the company into the Pakistani fuel retail market according to a statement released by the company on December 12.
Fire hits South Khorosan oil refinery
An uncontrolled fire broke out at the South Khorosan Oil Refinery’s oil reservoirs in the eastern Iranian city of Birjand on December 10, causing two explosions, according to Iranian news sources.
Uganda targets 100 tonnes of LPG production by 2025
Uganda projects it will produce 100 tonnes of liquefied petroleum gas once oil starts flowing from ongoing projects, enough to encourage its use domestically for cooking in place of wood-burning stoves, and for export.
Houthi missiles target commercial tanker
Two missiles launched from Houthi-controlled territory in Yemen have been aimed at a commercial tanker transiting the Bab el-Mandeb Strait, according to a United States official.
Masdar and OMV to decarbonise refineries
Growing clean energy company Abu Dhabi Future Energy Company (Masdar) has signed a non-binding heads of terms (HoT) development agreement with OMV – an integrated company for energy, feedstock, chemicals, materials and fuels.
Iran’s petroleum industry seeks to go flare-free by mid-2025
Iran plans to put an end to flaring in its onshore and offshore oil and gas installations nationwide once and for all by August 2025, an environment official said.
COP28: vague and voluntary promises
To say that COP28 in Dubai has been eagerly awaited would be an understatement.
Iran to overhaul Syrian refinery after repair job in Venezuela
Iran will soon begin repair work at one of Syria’s only two oil refineries, an official with the National Iranian Oil Refining and Distribution (NIORDC) said.
Niger set to make leap into oil exports with new pipeline project to Benin
Niger is on the verge of a significant milestone as it prepares to kickstart its crude oil exports via a newly established pipeline linking the country to Benin.
Indonesia's Pertamina terminates LNG offtake deal with TotalEnergies-led Mozambique LNG
Pertamina signed the offtake agreement with Mozambique LNG, a TotalEnergies-operated consortium in 2019. The joint venture plans to invest $20bn to develop the gas project.
Iran in talks to expand production at Syria’s Homs oil refinery
Syria’s Homs Refinery Co. (HRC) is in the final phases of completing a refining cooperation contract with Iran to expand its refining capacity by 120,000 barrels of oil in its first phase.
Iran’s petchem exports down 18% in first seven months
Iranian petrochemical exports plunged 18% in the first seven months of the current Persian calendar year (March 21-October 22), with exporters blaming the noticeable drop on the monetary policies of the Central Bank of Iran (CBI).
Nigeria's new Dangote oil refinery projected to generate $27bn annually
The refinery, built by the Dangote Group, has a daily processing capacity of 650,000 barrels per day and will initially refine 350,000 bpd. Inaugurated in May, it is set to begin operations in December.
Nigeria’s $20bn Dangote oil refinery receives first crude shipment
DMEA: Major oil companies pledge to cut methane emissions
TotalEnergies sells Natref refinery stake to Prax Group
UK-based Prax Group has agreed to purchase TotalEnergies SE’s (Total) minority stake in South Africa’s National Petroleum Refiners of South Africa (Natref) refinery in a move to expand its presence on the continent.
Iran calls for co-operation with Kuwait over disputed gas field
Iran called for “friendly and constructive co-operation,” after the Persian Gulf Co-operation Council (GCC) categorically rejected any Iranian stake in a disputed gas field claimed by Kuwait and Saudi Arabia.
Sentuo slow to address issue of crude supply without forex liability
Bright Simons, vice president of policy think-tank IMANI Africa, has claimed that Sentuo Oil – a Chinese refinery – has neglected to resolve the problem of providing regular crude oil supply without forex liability.
Zimbabwe-Mozambique petroleum pipeline on target
Zimbabwe’s second petroleum pipeline project linking Beira in Mozambique to Harare is currently making good progress, according to a deal maker involved in the project.
Port Harcourt refinery expected to resume operations December 2023
Nigeria’s Port Harcourt Refining Complex (PHRC) located in Eleme is set to re-start full operations by the end of December 2023.
Iran to begin construction of long-overdue Anahita refinery in Kermanshah
Iran has taken a major step to get a long-stalled project off the ground, after signing a memorandum of understanding to finance the construction of Anahita petroleum refinery in the western province of Kermanshah.
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