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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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Multibillion-dollar deals inked with petchem plants to make petrol, says senior Iranian MP
The Iranian Oil Ministry has sealed deals worth around $2.7bn with petrochemical plants to produce petrol, a senior lawmaker said, amid growing fuel shortages that are feared to burden the national budget with a deficit.
DMEA: NNPCL sued over missing oil revenue
Iraq has risen to second place in importing Iranian petrochemical products during the past month.
Aramco considers petrochemical JV with Rongsheng
Saudi Arabia continues to expand its downstream presence in China, partnering with local refiners in the process.
Iranian energy companies set to cooperate with African countries
Reza Noshadi, managing director of the Iranian Gas Engineering and Development Company (IGEDC), said on April 28 that the IGEDC and its 250 subsidiaries could meet the needs of African countries in various fields.
NNPCL sued over missing oil revenue
A local independent accountability watchdog, the Socioeconomic Rights and Accountability Project (SERAP), has taken the NNPCL to court, claiming the company has failed to remit billions worth of oil income to the state.
Gasoline shortages persist in Nigeria
Gasoline shortages have continued to plague major cities in Nigeria, causing rapid increases in prices since May 1 while worsening the country’s ongoing cost of living crisis.
SABIC aims for net zero by 2050
Saudi Arabia’s biggest chemical company Saudi Arabia Basic Industries Co. is moving to circular economy solutions in a bid to reach carbon neutrality by 2050
Bahrain courts investors for stake in A/B pipeline
Bahrain is actively seeking investors for an oil pipeline that channels crude from Saudi Arabia, aiming to capitalise on one of its prime energy assets.
Iran to produce petrol from methanol amid increasing fuel shortage
Iran plans to produce petrol out of methanol to tackle growing fuel shortage, Oil Minister Javad Owji said.
SABIC Fujian Petrochemicals signs agreement with KBR
Saudi Arabia Basic Industries Corporation Fujian Petrochemicals signed an agreement with US-based engineering company KBR on April 22, allowing it to utilise the company’s leading phenol technology in China.
SABIC Fujian Petrochemicals signs agreement with KBR
Saudi Arabia Basic Industries Corporation (SABIC) Fujian Petrochemicals signed an agreement with US-based engineering company KBR on April 22, allowing it to utilise the company’s leading phenol technology in China.
ADNOC considers investment in AmeriGas
A unit of the UAE’s state-owned oil major Abu Dhabi National Oil Co. is currently considering an investment in UGI Corp’s AmeriGas – a propane distribution business – according to sources with knowledge of the matter.
Iraq makes moves in refining, pushes to tackle flaring
Iraq is currently considering constructing multiple oil refineries in neighbouring countries in a bid to achieve self-sufficiency, according to Deputy Chairman of Parliament’s oil and gas committee, Adnan Al-Jabiri.
Additional sanctions on Iran could disrupt LPG flows – S&P Global
Tighter sanctions on Iran along with ongoing tensions in the Middle East could potentially affect global liquified petroleum gas supply, putting Iranian exports into the danger zone while OPEC+ cuts continue to shorten outflows in the region.
Nigerian Senate committee says Port Harcourt refinery 90% complete
Nigeria’s ad-hoc Senate committee – a group created to investigate turnaround maintenance of Nigerian refineries – has said that upgrades and repairs for the full rehabilitation of Port Harcourt refinery are at 90% completion.
SABIC cuts capacity at Dutch petchems plant
Saudi Aramco’s petrochemicals arm has permanently closed one of two naphtha crackers at its complex at the Chemelot industrial park in Geleen, the Netherlands.
Saudi ACWA, Azerbaijan's SOCAR sign joint venture agreement to develop hydrogen
Saudi Arabia's ACWA Power, a power and water desalination plant, has signed agreements with Azerbaijan's state oil company SOCAR to jointly develop renewable energy projects
Iran’s two major clubs officially sold to banks, petchem companies
Iran's Economy Minister Ehsan Khandouzi has confirmed the transfer of ownership of the country's top two football clubs, Persepolis and Esteghlal to the private sector to continue playing in the Asian football league.
US imposes new sanctions targeting Iran's petroleum and military capabilities
The United States has introduced a new set of stringent sanctions aimed at curtailing Iran's ability to finance and conduct destabilising activities, including terrorism and the development of weapons of mass destruction.
Nigerian petroleum regulator plans to bolster local crude refining
Nigeria, historically Africa’s largest crude oil exporter, relies heavily on imports to meet local energy needs. However, the government is trying to change that with plans to revive four moribund oil refineries and put them back in operation.
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