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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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UK explorer Helium One encounters "encouraging" results at Tanzania project
Helium One said in an update that drilling reached a depth of 1,448 metres and encountered a geological basement, a development that confirms the presence of weathered crystalline formations.
Egypt’s import bill for hydrocarbons dropped by 15% y/y to $8.35bn in January-August of 2023/2024
Egypt’s import bill for hydrocarbons and their by-products dropped by 15% y/y to $8.35bn (€7.8bn) in the first eight months (January-August) 2023/2024, mostly affected by falling imports of crude oil and refined petroleum products.
Iran’s energy conservation drive aims to halve consumption
Iran has drawn up a comprehensive plan to conserve energy through a range of efficiency and saving measures that can potentially slash its daily consumption by half, the CEO of the Iranian Fuel Conservation Co (IFCO) said.
$275bn investment opportunities up for grabs in Iran’s energy sector
The head of the National Iranian Oil Co. (NIOC) said there were ample opportunities up for grabs for foreign investors in Iran’s energy sector.
DMEA: SATORP makes SAF from UCO
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.
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