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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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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.
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.
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