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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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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.
UAE to finance Uganda’s $4bn Hoima refinery
Uganda is holding final negotiations with the UAE for the financing and construction of Uganda’s new $4bn domestic oil refinery at Hoima, according to a Chimp Corps report.
CNOOC to construct LPG facility in Uganda
Uganda has issued a licence to China National Offshore Oil Corporation (CNOOC) Uganda Ltd. to construct a new liquefied petroleum gas (LPG) facility near Lake Albert.
Nigeria destroys 5,500 illegal refineries in three years
According to Mele Kyari – managing director of the Nigerian National Petroleum Co. Ltd. (NNPC) – Nigeria has destroyed over 5,500 unauthorised refineries and around 4,500 illegal pipeline connections over three years.
NNPCL launches tender for Port Harcourt refinery
The Nigerian National Petroleum Corporation Ltd. (NNPC) has launched a tender inviting new operators to run and maintain its 210,000 barrels per day (bpd) Port Harcourt Refining Complex (PHRC).
Watchdog group EITI calls on Nigeria to make public full details of Dangote refinery stake deal
The Extractive Industries Transparency Initiative (EITI) has directed the Nigerian National Petroleum Company Ltd (NNPCL) to provide further details regarding its 20% equity stake in the Dangote Petroleum Refinery.
DMEA: Tankers face further disruption
Crude shortages affect Nigerian modular refineries
Nigeria’s plans to cut fuel imports have stalled following a lack of crude
Tankers face further disruption
Gibson Shipbrokers have stated that tankers are potentially facing a second source of disruption from Libya alongside the Red Sea crisis.
Escalating tensions: a delicate balancing act
In the wake of a chilling attack by Hamas on Israel in October, the political climate in the Middle East has shifted from cautious optimism to a precarious tinderbox.
LyondellBasell set to acquire 35% of NATPET
US-based LyondellBasell (LYB) recently announced that it had entered into an joint venture (JV) agreement to acquire a 35% interest in Saudi Arabian National Petrochemical Industrial Company (NATPET) from Alujain Corporation.
Bayegan to construct new Turkish petrochemical plant
Turkish petrochemicals major Bayegan Group (Bayegan) is set to construct a $1.9bn plant in Turkey’s southern region.
Nigeria has discovered 83 illegal refineries in Niger Delta
The Nigerian National Petroleum Company Ltd (NNPCL) has discovered 83 illegal refineries within just one week in the Niger Delta.
NewsBase: Climate-fuelled shipping bottleneck in Panama compounds impact of Red Sea troubles
The climate-fuelled shipping bottleneck at the Panama Canal is compounding the impact of security problems in the Red Sea.
Iranian gas flow halted over maintenance, says Iraq
Iran has halted the exports of gas to neighbouring Iraq, the Iraqi News Agency reported on January 12, less than a week after the Iranian Oil Ministry confirmed that gas imports from Turkmenistan had been cut off.
KRG’s Barzani says talks on path towards oil export resumption
President of the Kurdistan Regional Government (KRG), Nechirvan Barzani expressed optimism this week that talks between Iraq’s regional and federal administrations are leading towards a Kurdish resumption of oil exports.
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