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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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Fossil fuel consumption subsidies in 2022 were at record high of $1 trillion
According to the International Energy Agency, worldwide subsidies for fossil fuel consumption increased dramatically in 2022, surpassing $1 trillion for the first time.
Al-Zour chems contracting continues as refinery ramps up
Tanzania issues construction licence to EACOP Ltd
Tanzania has formally authorised the construction of its section of the East Africa Crude Oil Pipeline (EACOP), which will carry petroleum from western Uganda to the shores of the Indian Ocean.
BP predicts faster decline in oil and gas demand
China considers investments in Mahshahr petrochemical zone
OPEC+ to stick with current deal to end of 2023
Sonatrach, Total to construct Algerian petrochemical plant in July
Israel blames Iran for drone attack on product tanker in Arabian Sea
Luberef considers dividend after announcing profit increase
UAE’s ADNOC to float minority 4% stake on Abu Dhabi exchange
Perenco takes FID on building LNG plant at Cap Lopez terminal in Gabon
Perenco (UK/France) intends to build a natural gas liquefaction plant in Gabon as part of a wider effort to expand the capabilities of its Cap Lopez terminal.
DMEA: Cabinda tests to begin in December
Galp reportedly instructs Bank of America to arrange for sale of 10% stake in Rovuma LNG
Portugal’s Galp is reportedly gearing up to drop a minority stake in the $30bn Rovuma LNG project from its African portfolio.
ADNOC Distribution completes acquisition of 50% stake in TotalEnergies Marketing Egypt
Iraq’s Nebras petchem project set for revival
Iran’s president pays ‘Look to the East’ visit to Beijing
Pump repaired at Masjid Suleiman urea plant
Chemanol and GDI sign deal to set up chemicals JV
Contract awarded for SOPC water plant
Bechtel and partners to establish unified power system for WDDM, ELNG in Egypt
Bechtel has signed an agreement with Shell on building a unified electrical power system for the West Delta Deep Marine (WDDM) natural gas-processing plant and the Egyptian LNG (ELNG) plant in Idku.
IMF urges Nigeria to eliminate domestic gasoline subsidies
The IMF is pressing Nigeria’s government to uphold its pledge to eliminate subsidies for domestic gasoline prices by the middle of this year, calling the current policy a drag on public finances.
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