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UTM Offshore and partners to construct floating LNG plant in Nigeria
Julius Rone, the chief executive, revealed in a meeting with Nigerian President Bola Tinubu in Abuja that their project's goal is to produce 1.5mn tonnes per year of LNG for international trade.
Iran set to launch six new petrochemical plants worth $2.7bn
Iran’s National Petrochemical Co. (NPC) has announced that six petrochemical projects look set to begin – part of a push to grow the country's oil sector.
Fire at Al-Zour refinery, Kuwait
Kuwait’s 615,000 barrel per day Al-Zour refinery suffered a fire on July 3, which was promptly put out by Kuwait Integrated Petroleum Industries Co (KIPIC) with no casualties.
OPEC+ members plan deeper cuts ahead of meeting
The two top oil producers in OPEC+, Saudi Arabia and Russia, have announced plans to prolong or make additional supply cuts in August as they seek to boost the price of crude.
Uganda seeks new investors for $4.5bn oil refinery after deal with US-led consortium AGEC expires
Libya’s army leader Haftar warns of military action if oil revenues not distributed fairly
Egypt begins petroleum sector expansion
Egypt is set to start eight new projects worth $5bn with the aim of modernising its petroleum sector, focusing primarily on refining and manufacturing.
Uganda will seek new investors for refinery project
Uganda is looking for new partners to build a planned $4.5bn refinery to process oil from fields near Lake Albert, following the expiration of its agreement with the AGEC consortium.
Eastern Libya threatens oil blockade
Authorities in Eastern Libya have threatened to stop oil exports, citing concerns over the use of energy revenue by the Tripoli government. Authorities accused Tripoli of wasting billions of dollars without providing and significant services.
Nigerian pipeline security contractor discovers nine illegal refineries in Bayelsa
Nigeria’s federal government says nine illegal oil-refining facilities have been discovered across three communities in Bayelsa State.
ADNOC Gas makes billion-dollar pipeline construction awards
The gas arm of Abu Dhabi National Oil Company (ADNOC) this week announced the award of $1.34bn in contracts for the expansion of its natural gas pipeline network.
Tanzania to purchase petroleum products from Port of Tanga
Tanzanian Prime Minister Kassim Majaliwa has told the country’s Ministry for Energy to begin purchasing petroleum products from the Port of Tanga instead of Dar es Salaam for the country’s Northern and Lake Zone regions.
Ugandan oil coming under more pressure
NGOs file a new lawsuit against TotalEnergies over LADP in the French court system, while environmental activists vandalise the company’s London offices.
Uganda on target to start crude production from Tilenga project in H1 2025, UNOC chief says
Karbala refinery set to produce high-octane gasoline
Iraq’s Oil Products Distribution Company (OPDC) confirmed on June 28 that the Karbala refinery will begin production of high-octane gasoline early next month, saving Iraq from importing $4-5bn of the fuel.
Nigerian civil society group calls on President Tinubu to investigate crude oil swap deals
Controversy shrouds TOR’s potential tolling deal
The board of Ghana’s Tema Oil Refinery (TOR) has asked the country’s Public Procurement Authority to approve a tolling arrangement that would revive the moribund unit.
Iraq withdraws funding from southern export expansion
The Iraqi Cabinet has withdrawn its previous approval of government funding to facilitate the addition of a new pipeline that would expand its southern oil export capacity.
Another blow to EastMed as Cyprus favours simpler export option
The EastMed gas pipeline project, which has been discussed for over decades, looks even less likely to materialise after the new government in Cyprus now says it favours the development of a shorter link from Israel.
Turkey remains top destination for Russian diesel exports
Turkey is set to be the top destination for Russian diesel exports again this month, with trader comments and Refinitiv Eikon data also showing the country’s own shipments will increase following the completion of seasonal refinery maintenance.
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