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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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Construction of mega petrochemical plant kicks off in Iran’s Kurdistan
Iran has broken ground in the western Kurdistan province on an $802mn petrochemical plant with an annual production capacity of 1mn tonnes. The factory is expected to be up and running within the next three and a half years.
Iran to build 3,000 MW wind farms by tender
The winds of change are blowing through Iran's energy sector with renewable sources taking centre stage. The country's energy ministry recently announced plans to build wind parks with a combined output capacity of 3,000 MW.
Italy unveils "Mattei plan" of cooperation with Africa, addressing energy and migration concerns
Aramco, ENOWA to develop synthetic e-fuel demonstration plant
NEOM has planned to oversee the construction of a synthetic e-fuel demonstration plant located in ENOWA’s Hydrogen Innovation and Development Center (HIDC) in NEOM's Advanced Manufacturing and Innovation City, Saudi Arabia.
Used cooking oil turned into sustainable aviation fuel by SATORP
Saudi Arabian Oil Co. has seen success in its attempts to convert used cooking oil into sustainable aviation fuel (SAF) through various joint ventures.
Borouge reports net profit increase
Leading petrochemicals company Abu Dhabi, United Arab Emirates – Borouge Plc – has reported a 22% Q3 2023 net profit increase at $282mn for the quarter that finished September 30..
LPG plant to be built at Gabon's Cap Lopez
New refineries start production in Edo, Nigeria
Two new modular refineries are set to begin production in Edo State, once crude oil supplies have been received.
Iran takes aim at energy consumption with sweeping reforms
Iran is seeking to cut down high energy consumption through efficiency and saving measures enshrined in a sweeping government-proposed bill.
Iran’s petchem investments to hit $100bn in two years
Investments in Iran’s petrochemical industry are estimated to reach $100bn under the current government, said a deputy at the National Iranian Petrochemical Company (NIPC).
DMEA: Kenyan cooking gas prices soar
Saudi Aramco re-examines investment opportunity in Vietnam
Saudi Aramco (Aramco) is currently considering investment opportunities in the Vietnamese refining and petrochemical sectors, following a previous withdrawal from a joint venture (JV) project in the country seven years ago.
Saudi Aramco to expand Pengerang facilities
Angola's Sonagol, China's CNCEC sign contract for Lobito refinery construction
On October 22, Angola’s Sonagol and China National Chemical Engineering Company (CNCEC) signed a deal involving a contract for the construction of the Lobito refinery in Benguela, Angola.
Iraqi PM signals preparedness to resume oil flows via Turkey
The Iraqi prime minister this week reiterated his government’s position that it is ready to resume exporting oil through a pipeline that crosses Turkey to the Mediterranean Sea.
Kenyan cooking gas prices soar
Major deals signed during Korean president’s visit to Riyadh
Saudi Aramco agreed significant deals for gas processing and oil storage during this week’s visit to the Kingdom by the Korean president
War in Gaza won’t change the outcome for East Med Gas Pipeline (EMGP) project
War in Gaza won’t change the outcome for EMGP, which lost too much momentum before the Mideast fell into conflict.
Tango FLNG, Excalibur FSU leave Dubai for Eni’s Congo LNG project
Italy’s Eni reported on October 21 that the first two vessels it will use in its Congo LNG project had left the dock in Dubai.
Output up 9.5% at Iran’s petrochemical giant
Iran’s largest petrochemical holding group, Persian Gulf Petrochemical Industries, posted a 9.5% increase in output over the past seven months compared to the same period last year.
Oil markets on edge amid escalations in Israel-Hamas war
The escalation in the Israel-Hamas conflict is inciting apprehensive speculations about the impact on global oil markets amid the complex web of geopolitics, sanctions and spectre of broader tensions in the region and beyond.
Aramco to potentially invest in Shandong Yulong Petrochemical
Aramco, Shandong Energy Group, Shandong Yulong Petrochemical and Nanshan Group have signed a memorandum of understanding to invite discussions surrounding a potential 10% acquisition of Shandong Yulong Petrochemical by Aramco.
FEDA invests in Cabinda oil refinery
Afreximbank’s impact investment subsidiary – the Fund for Export Development in Africa (FEDA) – announced October 17 that it had invested in Angola’s Cabinda oil refinery.
Uganda set to announce winning bid for Hoima refinery in November
Uganda is expecting to announce a winner in November from four groups of bidders competing for the proposed 60,000 barrel per day (bpd) Hoima oil refinery, according to comments made by Energy Minister Ruth Nankabirwa on October 17.
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