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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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BP says GTA’s start date for gas production has been pushed back to Q1 2024
BP (UK) has postponed the start-up of natural gas production at the Greater Tortue/Ahmeyim (GTA) block, located offshore Mauritania and Senegal.
Mozambique LNG still negotiating costs with contracts, TotalEnergies CEO confirms
Patrick Pouyanne, the CEO of TotalEnergies, confirms that his company is still negotiating with contractors on construction costs for the Mozambique LNG project.
Nigeria's Tinubu says scrapping fuel subsidy has saved $1.32bn
In June, Tinubu put an end to the subsidy that kept prices of petrol artificially low, at the expense of government coffers. Tinubu claims that Nigeria saved NGN1trillion ($1.32bn) in just over two months by removing the subsidy.
Nigeria’s elimination of gasoline price subsidies causing problems for European refiners
Nigeria’s appetite for gasoline imports has dropped significantly since the elimination of domestic fuel price subsidies in late May, and European refiners are suffering as a consequence.
Clock ticking for possible disruption of Libya’s oil exports
Military leader Khalifa Haftar, whose eastern-based Libyan National Army controls two-thirds of the country, including five of its nine export terminals, has threatened to bring exports to a halt unless he gets up to 90% of Libya's oil revenues.
NMDPRA rolls out set of four new ESG regulations for oil and gas industry
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled four new regulations addressing ESG (environmental, social and governance) issues in the petroleum industry.
DMEA: Iraq, Lebanon to renew existing oil deal
More delays looming for Mozambique LNG?
Saipem’s predictions of a July restart for Mozambique LNG have not borne fruit due to the difficulty of resolving cost disputes with TotalEnergies
$14bn Saudi-funded refinery deal on the cards for hard-up Pakistan
Reports from Pakistan indicate that an official announcement is expected very soon on the construction of a Saudi funded oil refinery capable of processing 350,000 to 450,000 barrels per day of crude oil.
Egyptian firm TAQA Arabia to study Tanzania’s natural gas market
State-owned Tanzania Petroleum Development Corporation (TPDC) has awarded Egyptian company TAQA Arabia a contract to undertake a feasibility study aimed at increasing domestic use of natural gas in the coast city of Dar es Salaam.
South African petrochemical multinational, Sasol, commissions $760mn gas production facility in Mozambique
UAE, Japan to increase joint co-operation in clean energy
The UAE and Japan have agreed to improve co-operation in various joint initiatives involving hydrogen production, low-emission blue ammonia and emissions-reducing technologies during Japanese Prime Minister Fumio Kishida's visit to the region.
Turkey’s polymer imports reported as running at record levels despite weak market sentiment
Saudi Aramco completes purchase of Rongsheng stake
Saudi Aramco has successfully completed a transaction to acquire a 10% stake in China’s Rongsheng Petrochemical Co. (Rongsheng) for $3.4bn through a subsidiary located in the Netherlands, Aramco Overseas Company BV.
China, Algeria sign agreements on infrastructure, petrochemicals and energy
China and Algeria signed numerous agreements last week involving infrastructure, petrochemicals and energy as part of a state visit to Beijing by Algeria’s president Abdelmadjid Tebboune.
Iraq, Lebanon to renew existing oil deal
KRG delivering crude to SOMO as per budget deal
Iraq’s Kurdistan Regional Government (KRG) has delivered approximately 50,000-60,000 barrels per day of oil to Baghdad since mid-June.
Iran to export petrochemicals to Kenya, Uganda and Zimbabwe
The deal will see the three African countries buy petrochemicals from Iran in exchange for other goods, according to a statement made by the Iranian government.
Kenyan cabinet gives nod for KPC to take over KPRL assets
The Kenyan Cabinet has approved the takeover of assets belonging to the defunct Kenya Petroleum Refineries Ltd (KPRL) by the Kenya Pipeline Company (KPC), a development that is designed to enhance the supply of petroleum products.
Dubai replaces Geneva as key base for Russian oil trade
Dubai and other cities in the UAE have replaced Geneva as a major base for traders of Russia’s oil since Swiss authorities joined the EU embargo on that trade last year.
Iraq considers pipeline renovation as port expansion falters
Discussions are reported to be ongoing concerning the potential renovation of an old crude line running from Iraq to the Mediterranean.
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