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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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Egypt eyes long-term contracts for Qatari natural gas supply
Egypt and Qatar are planning to sign long-term contracts for the supply of Qatari natural gas to meet Egypt’s domestic energy needs.
Tanzania unveils Africa’s second-largest CNG station to power shift away from petrol
Tanzania has inaugurated Africa’s second-largest Compressed Natural Gas (CNG) mother station in Dar es Salaam. The TZS 18.9bn ($7.043mn) facility, launched on May 10, can refuel 1,200 vehicles daily and serve eight vehicles at once.
Sudan plans to shut down oil facilities in Port Sudan due to RSF attacks
The country’s energy minister Mohieddien Saied said the RSF attacks have severely affected oil production and export capabilities. The attacks have undermined both Sudan and South Sudan economically.
Amid oil price challenges, Aramco announces Q1 results
Aramco has reported a fall in Q1 net income, reflecting the turbulence of global energy markets and softer oil prices
Iran courts foreign investors to expand petrochemical sector
Iran had held promising talks with foreign companies during its annual oil show in Tehran to attract investment to its petrochemical sector, a deputy oil minister said.
Iran to commission refining projects worth $3bn this year, deputy oil minister says
Iran plans to bring online new oil refining projects worth $3bn by the end of the current Persian calendar year in a bid to beef up its domestic production capacity and cut down on costly fuel imports, an official said.
Workers angered by “poverty wages” at Turkish refiner TUPRAS block highway, hold marches at several company sites
Workers at largest Turkish refiner TUPRAS, who have been resisting a signed collective bargaining agreement for weeks, blocked a highway near a refining site in Gebze, southeast of Istanbul, and took part in marches at other company refineries.
UAE reportedly to co-fund $25bn Nigeria–Morocco gas pipeline project
The UAE has joined countries and institutions that have shown interest in funding the $25bn Nigeria–Morocco gas pipeline project, days after the US showed a similar interest.
Escalated tensions in Port Sudan to affect South Sudan’s resumed oil exports
Drone attacks and escalated struggles in Port Sudan are expected to affect South Sudan’s main oil exports, a few days after the country announced the repair of its oil pipeline. Port Sudan is currently under attack by Sudan’s paramilitary RSF.
Iranian methanol exports to China under threat
Iran’s methanol exports to China are under threat following warnings from the US of yet more sanctions on Iranian oil and petrochemical buyers amid nuclear talks, according to Bloomberg.
Nigerian Warri refinery staff shut down operations over ‘workplace slavery’
Support workers of the Warri Refining and Petrochemical Co. (WRPC) in Nigeria’s Delta State have staged a protest against alleged “workplace slavery,” halting all operations at the 125,000bpd plant on May 5.
Biofuel production needs $1bn investment, says Wood Mackenzie director
Increasing the production of biofuels will require investment of around $1bn, according to Ian Simm, director at Wood Mackenzie, who spoke at the Caspian and Central Asia Oil trading and logistics forum in Baku last week.
US targets more firms, vessels over Iran petchem sales
The United States slapped sanctions on seven Iranian and foreign entities involved in Iran’s petroleum and petrochemical trade, in a fresh push to tighten the screws on Tehran’s revenue streams.
Explosion kills five at illegal fuel storage site, Nigeria
Five people have been killed in an explosion at an illegal refinery in Rivers State, Nigeria, on April 26 after a fire ignited in an area where illegally refined fuels were stored.
Wanhua Chemical, Kuwait's PIC sign equity subscription agreement
Kuwait Petroleum Corporation and Wanhua Chemical Group Co. Ltd’s subsidiary Petrochemical Industries Company has signed an equity subscription agreement (ESA) that will see the company purchase a 25% equity stake.
Iran’s petchem sector to grow this year despite feedstock shortage, top official says
Iran is doubling down on its petrochemical industry as a lifeline for foreign currency earnings, with officials forecasting an almost 20% surge in exports this year despite persistent feedstock constraints.
Ghana’s oil output stalls despite near-record production, PIAC warns of sectoral decline
Ghana narrowly missed matching its 2023 crude oil output by just 0.01%, equivalent to 7,000 barrels, according to the latest annual report by the Public Interest and Accountability Committee (PIAC).
Afreximbank launches $3bn revolving credit programme for intra-African petroleum imports
The African Export-Import Bank (Afreximbank), a pan-African multilateral financial institution, has launched a $3bn Revolving Intra-African Oil Import Financing Programme.
Planned petrol output lags behind growing demand, says Iranian deputy oil minister
A senior Iranian oil official warned that petrol consumption in Iran was galloping ahead of supply, casting doubt on whether the government’s current fuel production targets can keep up with soaring demand.
Nigeria’s Dangote refinery denies closing petrol unit for maintenance
Nigeria’s 650,000 barrels per day (bpd) Dangote refinery has denied shutting down its petrol processing unit for maintenance despite a report by Bloomberg claiming that it was undergoing maintenance on April 25.
NNPCL faces criticism over refinery shutdowns and operational failures
The Nigerian National Petroleum Company Limited (NNPCL) is facing growing criticism from industry figures and experts regarding its operational integrity.
Iran ready to export petrochemicals to Africa
Iranian first vice president Mohammadreza Aref has revealed that the country is ready to export petrochemicals to Africa to aid industrial growth on the continent in a speech at the third Iran-Africa Economic Cooperation Conference.
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