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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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Crude oil prices remain in motion amid Middle East uncertainty
Fresh talks between Israel and Hamas at the start of the week prompted Brent and WTI prices to slip from higher prices during the previous week, but a lack of progress in the talks by mid-week and a pending new attack by Israel prompted concern.
Iraq to rehabilitate Turkey pipe, bypassing Kurdistan
Baghdad has said it is working to circumvent Kurdistan by repairing a direct conduit to allow for a resumption of oil flows to the Mediterranean
Uganda confirms China’s commitment to EACOP completion
TotalEnergies, Sonatrach expand partnership in Algeria
Gas consumption rose 3% in Iran last Persian year
Iranians burned nearly 3% more of natural gas during the past Persian calendar year that came to an end on March 19, a senior Oil Ministry official said, amid a chronic shortage mainly endured by large industries.
Iranian petchem giant’s output spiked 6% last year
DMEA: Aramco, ADNOC seek Indian oil storage deal
Iran says Taliban cannot measure Iranian fuel quality
Iran accused the Taliban of lacking “proper laboratory equipment” to test the quality of Iranian fuel exported to neighboring Afghanistan, the semi-official news agency ILNA reported on April 7.
Dangote begins selling refined petroleum products
Nigeria’s 650,000 barrel per day Dangote Refinery has commenced the supply of petroleum products to the local market, with first products leaving the plant on April 2, according to the executive director of Dangote Group, Devakumar Edwin.
Aramco, ADNOC seek Indian oil storage deal
Saudi Aramco and Abu Dhabi National Oil Co. (ADNOC) are set to meet with Indian officials in April to discuss the development of a new strategic petroleum reserve (SPR) on the country’s west coast, along with various other foreign players.
Kuwait switches leadership at KIPIC
Kuwait has announced that it will be placing the CEO of Kuwait National Petroleum Company (KNPC) – Wadha Ahmed Al Khateeb – to serve as the acting CEO of Kuwait Integrated Petroleum Industries Company (KIPIC).
Iran to ration fuelling at petrol stations amid price hike rumours
Iranian motorists will have to use “only” their fuel cards to fill up their cars at petrol stations as of April 13, Oil Minister Javad Owji said, as the government is set to cut down high fuel consumption.
SABIC set to license Lummus ethylene and co-monomer technologies
Houston-based Lummus Technology announced in late March that SABIC Fuijan Petrochemical Co. Ltd. will utilise its ethylene and co-monomer technologies at a planned complex due to be constructed in Fuijan Province, China.
Asset managers sell stake in ADNOC Oil Pipelines
BlackRock and KKR have sold their joint 40% stake in a 23-year lease concession for ADNOC's oil pipelines to local investment manager Lunate.
Iraq, Nigeria lead OPEC oil output fall
According to a Reuters survey published April 1, the Organization of the Petroleum Exporting Countries’ (OPEC) output fell in March due to lower exports from Iraq and Nigeria.
Iraq blames pipeline delay on oil companies and Kurdish authorities
The Iraqi oil ministry has blamed the delayed opening of the Iraq-Turkey Crude Oil Pipeline on foreign oil companies as well as the Iraqi Kurdish authorities, due to failure to submit contracts for revision following a 2022 court ruling.
Sudan declares force majeure on oil exports
Sudan has declared a force majeure on oil exports, spelling potential disaster for its southern neighbour
SS Lootah Group to turn used cooking oil into biofuel
Dubai-based company SS Lootah Group is set to produce biofuel from used cooking oil through its subsidiary Lootah Biofuels in a bid to reduce CO2 emissions in the UAE.
Nigeria urged to reduce LPG prices
The Nigerian chieftain of the All Progressives Congress APC in Osun State, Olatunbosun Oyintiloye, made an appeal to President Bola Tinubu on March 24 to intervene in the high cost of liquefied petroleum gas.
Dangote set to begin diesel sales
Nigeria’s 650,000 barrel per day Dangote refinery may begin to sell petroleum products next week, according to the Independent Petroleum Marketers Association of Nigeria (IPMAN).
Iraq continues making pipeline progress
Iraq this week announced the completion of two projects to rehabilitate pipelines: one carrying oil to a major refinery, the other piping gas to a power station.
Aramco aims to remain China’s key energy partner
The Saudi firm has reiterated its commitment to key offtake partner China in a mutually beneficial arrangement.
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