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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 MP says government should have eliminated fuel subsidies in 2011
MP Chris Azubogu argues that Nigeria might not experience so much economic hardship as a result of President Tinubu’s move to eliminate domestic fuel subsidies if the government had taken action earlier.
Sonangol and China National Chemical Engineering Co. sign Lobito refinery MoU.
The MoU – signed for the 200,000 bpd facility – occurred as part of obtaining and implementing funds for completion of the project. The Lobito refinery will provide up-to-date technology processing fuels such as Jet A1, diesel, gasoline and LPG.
Libya’s NOC wins arbitration against Emirati firm
Libya’s National Oil Corp. (NOC) has won an arbitration against the UAE’s Trasta Energy, winning an appeal from a request filed in February 2022 to the Paris Court of Appeal.
NNPCL eases crude oil swap contracts
Nigeria’s NNPC Ltd has announced that it is moving away from crude swap contracts with traders as part of President Bola Tinubu’s plans to lessen the burden on government finances and deregulate the gasoline market.
Kenya seeks private investors to take over operations at five ports
Kenya’s authorities are searching for private investors to take over operations and management of five ports, with the aim of increasing the maritime sector’s competitiveness and generating $10bn for the country.
Fujairah state firm looks for EPC partners for downstream expansion
Modular refiner and storage operator Fujairah National Energy Co. (FUJNEC) has asked engineering, procurement and construction (EPC) firms to express interest to in participating in tenders for work in the emirate.
Fuel price protests claim five lives in Angola
Peninsula Petroleum secures Egypt’s second bunkering licence awarded to foreign ship fuel supplier
Nigeria Labour Congress suspends strike over fuel subsidy after court ruling, government meeting
Nigerian electricity sector workers declare nationwide strike over removal of fuel subsidies
Saudi cuts deeper as OPEC+ extends deal
Saudi Arabia has announced that it will cut its oil output by 1mn barrels per day in July, with OPEC+ agreeing to extend its current deal until next year.
DMEA: Subsidies no longer affordable
NewMed building subsea pipeline linking LNG facilities in Egypt to Aphrodite offshore gas reservoir
NewMed, the developers of Cyprus’s Aphrodite offshore natural gas field, plans to build a subsea pipeline linking the offshore gas reservoir to existing Egyptian liquefied natural gas processing facilities, local media report.
Montfort acquires Uniper’s Fujairah marine fuels business
German firm Uniper has sold its UAE-based crude oil processing and marine fuel trading business to a consortium of Montfort and the Private Office of Sheikh Ahmed Dalmook Al Maktoum.
Nigeria can no longer afford fuel subsidy, NNPCL says
Nigeria’s NNPC Ltd has said that the country’s government can no longer afford to pay for costly fuel subsidies, said the company’s managing director Mele Kyari, a day after Nigeria’s President Bola Tinubu said the subsidy would be scrapped.
Kuwait’s Al-Zour refinery delayed until end of summer
Kuwait Petroleum Corp. CEO Sheikh Nawaf al-Sabah said this week that commissioning of the third section of the Al-Zour refinery had been delayed owing to a technical issue. The fault meant that the refinery had to halt all operations for two weeks.
Abuja encouraged to prioritise revitalising refineries
A renowned Nigerian energy lawyer and analyst has called on the country’s new leadership to prioritise the rehabilitation of currently mothballed refineries.
Kenya Airways first carrier in Africa to fly on Eni’s sustainable aviation fuel (SAF)
Kenya Airways (KQ) has made Africa’s first long-haul flight on Eni’s sustainable aviation fuel (SAF) with a Boeing 787-800 (B787-8) Dreamliner, flying from Nairobi’s Jomo Kenyatta International Airport to Schipol in Amsterdam.
‘Ghost Ships’ delivering Iranian oil to Syria
Ghost ships are delivering Iranian oil to the Syrian Mediterranean port of Baniyas. During the past six months, eight tanker ships have made at least 17 deliveries and offloaded some 16mn barrels of liquid hydrocarbons in Syria.
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