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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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Nigerian petrol prices reach record high
Nigerian petrol prices have skyrocketed to a record high following the removal of a long-standing fuel subsidy by President Bola Tinubu.
Al-Zour starts up final crude distillation unit
Kuwait’s 615,000 barrel per day Al-Zour refinery has brought its third and final crude distillation unit (CDU) online, putting Kuwait’s target to have the refinery achieve its full capacity by the end of September within reach.
Iraq’s North Refinery announces plan for rehabilitation
Iraq’s 150,000 barrel per day North Refinery announced plans on Monday, 17 June to add a gas flare recovery and treatment unit to the facility, while also revealing plans to tackle obstacles on the way to facilitating the plant’s rehabilitation.
Nigerian Petrol prices high after subsidy removal
The price of fuel had been updated around the country from NGN557 ($0.72) per litre around fuel stations operated by the Nigerian National Petroleum Co. Ltd. (NNPCL).
Kuwait to set up sovereign fund to develop mega projects
Kuwait is planning to establish a new sovereign fund called Ciyada Development Fund, according to Reuters.
ADNOC, OMV in talks for potential merger
New Chinese-built refinery to open in Tema, Ghana
Gemcorp obtains $335mn loan for Cabinda refinery
UK-based Gemcorp Holdings has fulfilled requirements to obtain a $335mn loan for Angola’s Cabinda refinery project located 30 km north of the country’s capital on the Malembo plain.
DMEA: Iran to launch Gachsaran petrochemical plant
West African waters become key destination for tankers involved in Russian oil transfers
Africa’s western coastal zone has seen a significant uptick this year in illicit ship-to-ship (STS) transfers of crude oil from Russia.
Iran to launch Gachsaran petrochemical plant
Iran is set to launch a large-scale petrochemical plant that will rely on domestically sourced equipment for around 80% of its needs, according to a senior official in state-owned Persian Gulf Petrochemical Industries Co. (PGPIC), Hassan Neshanzadeh.
Uganda seeks investors to finance Hoima refinery
Uganda’s Ministry of Energy and Mineral Development has announced that it is seeking investment partners to develop the planned 60,000 bpd Hoima refinery. This suggests that Albertine Graben Refinery Consortium has failed to make progress.
Fire at Iran's Bandar Abbas refinery
Iran's Aftab Oil Refining Co. (AORC) is dealing with a fire that broke out at its Bandar Abbas refining complex in the southern Iranian port city. State media outlet IRNA reported that eight firefighters had been injured while dealing with the blaze.
ENOC and QatarEnergy sign condensate supply deal
The UAE’s ENOC Group and QatarEnergy have announced a 10-year agreement for the supply of condensates to ENOC Group, starting from this month.
Sonatrach, TotalEnergies sign $739mn gas production deal, Algeria
Algeria’s Sonatrach and French firm TotalEnergies have signed contracts focused on boosting gas production under an existing agreement worth $740mn. The deals were signed by Sonatrach CEO Toufik Hakkar and his counterpart Patrick Pouyanne in Algiers.
Edison CEO says EastMed gas pipeline still in play
Nicola Monti, CEO of Italy’s Edison Group, said last week that the proposed EastMed Gas Pipeline, which would stretch from the gas fields in the East Mediterranean to Crete, Greece and on to Italy, is still a viable project.
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