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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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Fitch upgrades largest Turkish refiner Tupras to four notches below investment grade
Middle East instability threatens regional LNG exports
The ongoing conflict between Hamas and Israel is casting a shadow over Israel's natural gas exports, but the broader concern in the global natural gas market hinges on the potential for the conflict to escalate further.
US hits Turkey’s Ice Pearl, UAE’s Lumber Marine with sanctions for violating oil price cap
Nigeria brings back fuel subsidies
The president of PENGASSAN, Festus Osifo, has announced that Nigeria is reinstating fuel subsidies.
Bunkering to resume at port of Mombasa
The refuelling of cargo vessels at the port of Mombasa in Kenya is set to resume in October following an announcement by the Kenya Ports Authority and Kenya Revenue Authority stating they had closed various loopholes previously used to dodge taxes.
Saudi Arabia creates EV infrastructure company
Saudi Electricity Co. (SEC) and the country’s Public Investment Fund (PIF) launched a company to develop electric vehicle charging infrastructure in Saudi Arabia on Sunday, 8 October.
Excessive energy consumption costs Iran $100bn annually, speaker says
Iran’s Parliament Speaker, Mohammad-Baqer Qalibaf, said that excessive energy consumption was taking a heavy toll on the country, inflicting an annual loss of some $100bn.
Iran to expand crude processing with ‘strategic’ push for petro-refineries, say MP
Iran is making a “strategic” push toward building more petroleum refineries, a lawmaker said, after the parliament gave the go-ahead to the Oil Ministry to seek foreign investments to expand the country’s crude processing capacity.
Iraq sets itself up for new gas imports
The Iraqi government is stepping up efforts to diversify its gas import options as the country works to capture associated gas and develop standalone assets.
Iran MPs allow Oil Ministry to seek foreign refinery investments
Iran's parliament has granted the Oil Ministry the authority to go into partnership with foreign companies for the construction of new refineries in the country.
San Leon Energy gets $187mn investment from TRAM, ups stake in Nigerian crude transport company
AIM-listed San Leon Energy has received an investment of up to $187mn from US-based Tri Ri Asset Management (TRAM), which it said on Tuesday, October 10 it has used to raise its stake in Energy Link Infrastructure.
COMMENT: Oil markets on tenterhooks as Hamas attack on Israel stokes contagion fears
Global oil markets face the possibility of a price spike following the surprise attack by Hamas militants on Israel, which has seen hundreds killed and the start of a new war that could potentially threaten energy flows in the region.
Iran to raise polymer output by 36% by 2025
Iran plans to raise its annual polymer production capacity by 36% in less than two years to get a bigger share of the Middle East’s 36mn-tonne pie, a senior manager at Aryasasol Polymer Co. said,
Natural gas could power Africa’s industrialisation process and end the region’s huge energy poverty
Africa must be allowed to exploit its vast natural gas reserves so that it can undergo a wholesale industrialisation process and so that energy can be brought to millions of homes.
Fuel theft continues in Nigeria
Fuel smuggling in Nigeria continues to rise despite the removal of subsidies in Nigeria four months ago, a policy that was supposed to severely hamper organised crime in the country’s oil and gas sector.
Ultrasonic flare gas meters to be installed at Dangote refinery
Global leader in ultrasonic sensing technology for measurement of flare gas Fluenta is set to install 18 ultrasonic flare gas meters at Nigeria’s Dangote refinery.
Committee for refinery overhaul revived in Nigeria
The Nigerian government recently announced that it would be reviving the country’s Refineries Rehabilitation Steering Committee to oversee the overhaul of Port Harcourt, Warri and Kaduna.
ADNOC to produce sustainable aviation fuel at Ruwais refinery
ADNOC Refining – a subsidiary of Abu Dhabi National Oil Co. – has received an International Sustainability Carbon Certification from ISCC System GmbH to produce sustainable aviation fuel (SAF) at the company’s 920,000 bpd Ruwais
Al-Zour refinery set to be commissioned in October
Kuwait is set to fully commission its 615,000 barrel per day Al-Zour refinery in October following the completion of a third refining unit, according to an official quote.
Bahrain’s Bapco Energies nearing asset monetisation move
Bahrain’s state oil and gas holding company Bapco Energies said this week that it could announce plans to leverage its assets to raise funds, more than 18 months after it hired advisers to support such a move.
Iran to build new oil refinery in Syria under trilateral deal
Iran plans to construct an oil refinery in Syria’s Homs Province under a trilateral deal signed with the Syria and Venezuelan governments, IRNA said in a report on October 1.
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