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Dangote set to overturn Nigerian polypropylene market
650,000 barrels per day (bpd) Dangote Refinery has begun the production of polypropylene in a move that threatens to overturn the domestic market – according to S&P Global Commodity Insights.
CNG stations in Iran on brink as maintenance neglect takes its toll
A union leader has warned that nearly half of Iran’s state-run CNG filling stations are on the verge of shutting down due to poor maintenance and lack of investment.
Dangote refinery in Nigeria begins polypropylene production
Since its commissioning in January 2024, the refinery has gradually expanded operations, producing various petroleum products, including diesel and aviation fuel.
Red Sea tensions escalate as US and Houthis launch attacks
The US and Yemen’s Houthi rebels have launched fresh attacks amid growing concerns over the safety of Red Sea shipping routes.
Iran braces for surge in petrol demand as Nowruz holiday approaches
Iran’s state-run fuel distributor is gearing up for a sharp spike in petrol consumption as the country heads into the New Year holiday (Nowruz), with fuel use already picking up ahead of the peak travel season.
Despite ongoing Kurdish issues, Iraq makes export progress
Oil shipments from northern Iraq’s Kurdistan region are yet to resume but the Federal Iraqi government is making progress to expand its export capabilities
Nigeria’s domestic refineries struggle to compete with fuel imports
Foreign trade data compiled by the National Bureau of Statistics has shown that the cost of fuel imports increased significantly in Nigeria despite refineries coming back online in 2024.
Iranian petchem companies under fire for failing to return export proceedings
Iran’s petrochemical companies are being criticised by economic experts and the Central Bank of Iran (CBI) for failing to calm a hard currency crisis that has exacerbated the country’s inflation problem.
Saudi Aramco cuts crude prices for Asia
Saudi Aramco has reduced crude oil prices for Asian buyers for April following the decision by OPEC+ to increase oil supply this month, according to Arab News.
Nigerian's NMDPRA issues three refinery licences
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has issued licences to three oil companies for the construction of new refineries – expected to add around 140,000 barrels per day (bpd) to the country’s overall capacity.
Iran tightens refuelling at pump to curb smuggling
Iran’s Oil Ministry has rolled out stricter fuel purchase regulations at filling stations in a bid to crack down on the widespread smuggling of its heavily subsidised fuel to neighbouring countries.
Quarter of Iran’s petchem capacity ‘idle’ due to gas shortage, top official says
Iran’s petrochemical sector is grappling with a severe shortfall in feedstock (natural gas), which has left 23mn tonnes of production capacity “idle” this year, the head of the National Iranian Petrochemical Co. said.
US pushes Iraq to use Kurdish gas after rescinding waiver
The US State Department has expressed hopes that Iraq will harness the natural gas resources of the Kurdistan Region after a waiver allowing imports from Iran was rescinded.
UAE continues LPG awareness campaign
The Abu Dhabi Department of Energy this week launched the second phase of a public awareness campaign designed to inform users about safe and responsible use of liquefied petroleum gas.
Oman, Pakistan discuss petchem trade
Oman’s Consul General Sami Abdullah Salim Al Khanjari has offered an invitation to Pakistan’s business community to search for potential investment opportunities with Oman – with a particular focus on the country’s petrochemical sector.
Zambia looks to billionaire Aliko Dangote's oil refinery to ease supply ahead of key election in 2026
Zambia plans to procure oil from Nigeria to diversify its sources and stabilise prices.
Turkish branches of SOCAR and Siemens complete major modernisation of energy infrastructure on Petkim’s “petrochemical peninsula”
SOCAR Turkiye and Siemens Turkiye have completed a major project to modernise the energy infrastructure of the Petkim complex on the Aliaga “petrochemical peninsula” near Izmir. More than 500 specialists worked on the investment.
Iran’s petchem exports stagnate amid sanctions
Iran’s petrochemical exports have flatlined over the past 11 months, reaching around $12bn, almost on par with last year’s figures, Hassan Abbaszadeh, the chief executive of the National Iranian Petrochemical Co.
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