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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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Iranian minister highlights multi-billion-dollar FDI
Iran has signed over $80bn of memoranda of understanding (MoUs) with foreign investors to finance its oil projects, said Houshang Falahatpour, Iran's deputy oil minister.
Parts of Ghana to face a 14-day power interruption as plant gets shut down for maintenance
Some parts of Ghana are expected to see interruptions in power supply for 14 days as the Ghana Gas Company Limited conducts a temporary shutdown of the Atuabo Gas Processing Plant for maintenance.
Shell planning to continue aviation fueling operations in South Africa, unlike BP
Shell (UK) has said it intends to continue its jet fuel supply operations at airports in South Africa, in contrast to BP.
DMEA: Deal signed for Libyan refinery project
OPEC+ announces surprise output cut
OPEC and several of its partners in the OPEC+ group made a surprise announcement over the weekend, declaring that they would make a voluntary oil production cut of 1.15mn barrels per day, which will run until the end of the year.
Nigeria: Supplies of oil from Oza field help Edo modular refinery boost production
The Edo modular oil refinery in southern Nigeria has increased production by processing crude sourced from the Oza field.
Nigerian oil minister reported to have resigned
Timipre Sylva, Nigeria’s Minister of State for Petroleum Resources, is reported to have resigned his post, Argus Media said on March 31.
Algeria, France to resume gas exports talks as presidents meet in May
Algeria and France are expected to resume negotiations for supplying an additional Algerian share of gas to France when two presidents meet in Paris in early May.
Uganda oil pipeline firm says “good progress” made in the search for funding
The East African Crude Oil Pipeline, responsible for constructing the 1,443-km oil pipeline from Uganda's Lake Albert oilfields to the port of Tanga in Tanzania, has made good progress in the search for 60% debt financing to complete the duct.
Aramco expands downstream presence in China
Aramco this week announced the investment of billions of dollars as part of its push for downstream growth in China, highlighting the company’s goals to expand in Asia.
Kenya to pay for products with shillings
Kenya has signed an agreement with Saudi Aramco, Abu Dhabi National Oil Co. (ADNOC) and the Emirates Oil Co. (ENOC) to allow for the purchase of oil products in Kenyan shillings owing.
Honeywell signs contract for Libyan refinery project
A subsidiary of Libya’s state-owned National Oil Corp. (NOC) has announced the signing of a contract with US-based Honeywell for the development of a new refinery near the El Sharara oilfield.
Danish oil tanker hijacked by pirates off west coast of Africa
Danish oil company Monjasa has reported losing contact with one of its product tankers, the Monjasa Reformer, after the crew reported the vessel was being boarded by pirates in the waters off the west coast of Africa.
Iraq’s new port to include oil export berths
Iraq’s Parliamentary Oil, Gas and Natural Resources Committee declared this week that the Grand Faw Port project will include six berths dedicated to oil exports as well as product storage capabilities.
Honeywell secures $500mn contract to develop Libya’s South Refinery project
US-based energy group Honeywell has secured a deal worth $500mn to implement engineering work on the South Refinery project. The contract was signed with Libya’s Zallaf for Oil and Gas, a subsidiary of the state-owned National Oil Corp.
ADNOC plans IPO for marine and logistics unit
The move follows a successful IPO in March for ADNOC Gas, which netted the state-owned company $2.5bn and was oversubscribed by more than 58 times.
Libya’s NOC to set up new unit to increase gas exports to Europe
The head of Libya’s state-owned National Oil Corporation (NOC), Farhat Bengdara, has revealed plans to attract more oil investments, boost production and introduce a new gas unit to study the possibility of increasing gas exports to Europe.
Showdown talks as court rules against independent Kurdish exports
A high-level delegation from the Kurdistan Regional Government (KRG) visited Baghdad at the weekend to engage in talks over the ongoing dispute regarding oil and gas development and exports.
DMEA: Final train launched SP Phase 14 refinery
Investors invited for new Iraqi refining projects
Iraq has invited foreign investors for seven planned refinery projects in the country, with bidding for three of these already underway.
ARDA appoints new head
Dr Mustapha Abdul-Hamid has been announced as the winner of an election for president of the African Refiners and Distributors Association (ARDA), succeeding his predecessor Marieme Ndoye Decraene from Senegal.
Fourth train of South Pars Phase 14 refinery starts production
Iranian media reported this week that the fourth and final train at the South Pars Phase 14 refinery had started production. Deputy Minister of Petroleum and National Iranian Oil Co. (NIOC) CEO Mohsen Khojastehmehr announced its initial start-up.
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