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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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KPC to cut back Asian crude sales as Al-Zour ramps up
Asian refiners were recently informed by Kuwait Petroleum Co. (KPC) that the supply of Kuwait Export Blend crude could be reduced by April under terms stipulated in new annual contracts.
Nigeria’s LNG output drops amid heavy flooding and pipeline sabotage
Nigeria’s LNG output has floundered in 2023, with a string of issues leaving the country’s six-train LNG facility on Bonny Island in the Niger Delta producing far below capacity since last year.
Talks continue on major deal as Iraq sticks with OPEC+ quota
Talks between Baghdad and French firm TotalEnergies are yet to find a resolution to sticking points that threatened to scupper the delayed $27bn deal.
Tanzania starts licensing companies to build compressed natural gas filing stations amid push to wean off petrol
ExxonMobil considers resuming and expanding Mozambique’s Rovuma LNG project
ExxonMobil Corp. is contemplating restarting the Rovuma LNG project in Mozambique’s restive Cabo Delgado Province in the country’s north. The company has called for expressions of interest to design and construct the LNG plant.
Lukoil says Marine XII offshore Congo to start producing LNG in December
Russia’s Lukoil says Marine XII, a licence area located offshore the Republic of Congo (ROC), is set to begin producing LNG before the end of the year.
Turkey bans airports from refuelling Boeings operated by Russian airlines
Ahead of elections, Erdogan administration appears to be caving to some Western sanctions enforcement demands, perhaps fearing action that could hurt the Turkish economy prior to polling day.
Iran and Saudi look to continue thaw following deal
The Iranian Ministry of Petroleum this week released a statement expressing its willingness to accept foreign investment in its oil and gas projects.
Angola LNG cancels tender for upcoming cargo shipments
Angola LNG confirmed on March 22 that it had cancelled tenders for LNG cargoes scheduled for delivery in April because of problems on its production line.
DMEA: Building begins on Shaheen project
Egypt’s import bill for hydrocarbons and their by-products retreated by $76mn to $1bn in December 2022
Egypt’s import bill for hydrocarbons and their by-products retreated by $76mn to $1bn in December 2022, mostly affected by falling imports of crude oil and refined petroleum products.
Funding being lined up for Senegalese refinery upgrade
The African Export-Import Bank (Afreximbank) is currently engaged in talks with Senegal’s state oil refiner to provide $500mn in syndicated finance to facilitate an upgrade of the country’s sole refinery.
Capacity utilisation rising at Nigeria LNG
NLNG has reportedly seen utilisation rates rise since the beginning of 2023, marking a partial recovery from the production issues it experienced in Q4 2022.
Shell lifts force majeure on Nigeria's Bonny export terminal, boosting country's crude production
NFE concludes sale of 50% stake in Hilli Episeyo FLNG operating offshore Cameroon to Golar LNG
US-based New Fortress Energy (NFE) confirmed on March 15 that it had concluded the sale of its entire stake in the Hilli Episeyo, an FLNG vessel operating offshore Cameroon, per the terms of the deal it signed with Bermuda-registered Golar LNG.
Angolan refineries making overdue progress
After many years of waiting, Angola is expected to see the launch of two new refineries between now and 2026.
Building commences on Shaheen project
A ceremony was held last week in Ulsan, South Korea, to mark the start of work on the $7bn Shaheen integrated petrochemical plant located in Onsan Industrial Complex.
Uganda and Algeria sign partnership for oil and gas projects
Uganda National Oil Co. (UNOC) and its Algerian counterpart Sonatrach have signed a memorandum of understanding for the development of oil and gas projects in Uganda.
Presidential hopeful states TOR revival goal
Dr Kwabena Duffor, presidential candidate for the National Democratic Congress (NDC) of Ghana, has said that he will prioritise the restoration of the Tema Oil Refinery to full capacity if elected.
Niger's president touts benefits of planned oil pipeline to Benin
Niger's President Mohamed Bazoum has said that a planned pipeline carrying crude from Niger's Agadem oilfield to the southern Benin port of Sèmè will provide numerous benefits to both countries.
Aramco posts best ever results
This week, Saudi Aramco announced its full-year 2022 financial results, revealing a record net income of $161.1bn – its highest annual profits as a listed company. Aramco also declared a Q4 dividend of $19.5bn, which will be paid in Q1 2023.
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