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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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Iran’s petchem exports down 18% in first seven months
Iranian petrochemical exports plunged 18% in the first seven months of the current Persian calendar year (March 21-October 22), with exporters blaming the noticeable drop on the monetary policies of the Central Bank of Iran (CBI).
Nigeria's new Dangote oil refinery projected to generate $27bn annually
The refinery, built by the Dangote Group, has a daily processing capacity of 650,000 barrels per day and will initially refine 350,000 bpd. Inaugurated in May, it is set to begin operations in December.
Nigeria’s $20bn Dangote oil refinery receives first crude shipment
DMEA: Major oil companies pledge to cut methane emissions
TotalEnergies sells Natref refinery stake to Prax Group
UK-based Prax Group has agreed to purchase TotalEnergies SE’s (Total) minority stake in South Africa’s National Petroleum Refiners of South Africa (Natref) refinery in a move to expand its presence on the continent.
Iran calls for co-operation with Kuwait over disputed gas field
Iran called for “friendly and constructive co-operation,” after the Persian Gulf Co-operation Council (GCC) categorically rejected any Iranian stake in a disputed gas field claimed by Kuwait and Saudi Arabia.
Sentuo slow to address issue of crude supply without forex liability
Bright Simons, vice president of policy think-tank IMANI Africa, has claimed that Sentuo Oil – a Chinese refinery – has neglected to resolve the problem of providing regular crude oil supply without forex liability.
Zimbabwe-Mozambique petroleum pipeline on target
Zimbabwe’s second petroleum pipeline project linking Beira in Mozambique to Harare is currently making good progress, according to a deal maker involved in the project.
Port Harcourt refinery expected to resume operations December 2023
Nigeria’s Port Harcourt Refining Complex (PHRC) located in Eleme is set to re-start full operations by the end of December 2023.
Iran to begin construction of long-overdue Anahita refinery in Kermanshah
Iran has taken a major step to get a long-stalled project off the ground, after signing a memorandum of understanding to finance the construction of Anahita petroleum refinery in the western province of Kermanshah.
Falcon Corporation Ltd. secures $241.8mn debt facility from NIDF
Falcon Corporation Ltd. (Falcon) has secured a NGN19.41bn ($241.8mn) debt facility from the Nigeria Infrastructure Debt Fund (NIDF), with some proceeds for the loan set aside for construction of a new state-of-the-art LPG facility.
Iran's oil exports to China up by 110% after partnership deal
Iranian crude oil arriving in China has grown more than 110% since the two countries signed a long-term “strategic” partnership agreement in 2021.
COP28 leader defends controversial remarks
Sultan al-Jaber, the oil executive who is leading the COP28 climate summit in Dubai, has rocked the conference with highly controversial remarks that there is “no science” that phasing out fossil fuels is necessary.
MOL and Bapco Energies agree CCS deal
Japanese shipowner MOL has agreed a carbon capture and storage deal with Bahrain’s state oil and gas holding company Bapco Energies.
Energy wastage equal to daily loss of 3.5mn barrels of oil, Iran speaker says
Iranian Parliament Speaker Mohammad Baqer Qalibaf called energy shortage one of the most pressing concerns among other deficits, pinning the blame primarily on extravagant use of energy resources.
COP28: Major oil companies pledge to cut methane emissions
About half of the world's oil firms, totalling almost 50 companies, have committed to achieving "near zero" methane emissions and discontinuing routine flaring in their operations by 2030, and achieving net zero by 2050.
Vandals sabotage oil pipeline in Yemen’s Shabwa Province
An oil pipeline in Yemen’s central Shabwa province has been damaged following an attack by an unidentified group of gunmen.
COP28: Nigeria’s plan for African gas pipeline network unveiled
Mele Kyari, the group chief executive officer of the Nigerian National Petroleum Company (NNPCL), has unveiled ambitious plans to create a regional gas pipeline network supplying natural gas across Africa.
Iran’s natural gas extraction hits 1bn cubic metres
Iran's natural gas extraction has reached 1bn cubic metres per day, with 70% gushing forth from the mammoth South Pars (SP) gas field, the head of the planning and project control at the Pars Special Economic Energy Zone (PSEEZ) said.
OPEC+ extends voluntary cuts as Brazil prepares to join
The group failed to agree on an additional cut that would apply to all members, so leading producers have once again decided to cut over and above the OPEC+ quotas
DMEA: Zimbabwe's Maswera invests in LPG
COP28: Nigeria’s NMDPRA says can create $575bn in investment opportunities via decarbonisation
Iranian tech firm exports $20mn worth of catalysts to Russia
An Iranian technology-based company is exporting $20mn worth of catalysts used in the petrochemicals and steel sectors to Russia annually to get a tiny but notable share of the catalyst industry's global market.
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