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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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Saudi Arabia’s Luberef awards Petrojet $148mn EPC contract for Yanbu Growth II Expansion Project
Saudi Aramco Base Oil Company (Luberef) has signed a SAR555mn ($148mn) engineering, procurement and construction (EPC) contract with Egypt’s Petrojet for the expansion of Yanbu facility (Growth II),
DMEA: Luberef considers 50% dividend
Algeria’s gas production to increase by 10bn cubic metres from 2024
Algeria’s gas production is expected to increase by 10bn cubic metres starting in 2024 as the government and state-owned group Sonatrach are reinforcing deals with foreign energy firms such as Italy’s Eni.
Chevron, Egyptian Ministry of Petroleum sign MoU on methane emissions reduction
Chevron (US) has agreed to co-operate with Egypt’s Ministry of Petroleum and Mineral Resources with the goal of reducing methane emissions in the oil and gas sector.
Earthquake-hit Turkey’s SASA suspends DMT production for one month
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.
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