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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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South Africa seeks regional collaboration to advance major oil refinery revival
South Africa is seeking regional partnerships with national oil companies to revive its mothballed Sapref crude oil refinery site near the port of Durban on the east coast in KwaZulu-Natal province.
Saudi Arabia’s Luberef aims to complete Yanbu Growth II project in 2025
President and CEO of Saudi Aramco Base Oil Company (Luberef) Samer Al-Hokail said this week that the company would be focusing primarily on completing the Yanbu Growth II project in 2025, according to Zawya.
Angola reveals 15% increase in LPG sales
Angola’s downstream regulator Instituto Regulador dos Derivados do Petróleo revealed this week that the country was able to bring 140,185 metric tonnes of liquefied petroleum gas (LPG) to the domestic market in the first quarter (Q1) of 2024.
Istanbul-listed Petkim’s port unit obtains $140mn three-year loan from JPMorgan at SOFR+4.35%
Port operator Petlim, a unit of Turkish petrochemical producer Petkim (PETKM), has obtained a $140mn three-year loan from JPMorgan.
Senegal refines domestic oil for first time
Kurdish and Federal Iraqi officials share views on resuming oil exports
The president of Iraq’s Kurdistan region has indicated the likely resumption of oil exports next month.
Iranian government hikes gas prices for industries by 2.5-fold
Iran has jacked up gas prices for all industrial units, including petrochemicals, by 2.5 times this Persian calendar year, figures outlined in a newly issued directive by the National Iranian Petrochemical Co. (NIPC) revealed.
First LNG at GTA project enhances energy security for West Africa's MSGBC region
The start of LNG production at the Greater Tortue Ahmeyim project in Senegal and Mauritania has signalled a new era of energy security and resource monetisation for the MSGBC region in West Africa.
Gulf Cooperation Council committed to tackling climate change
The Gulf Cooperation Council this week said that it would continue with plans to address the impacts of climate change.
Warri explosion claims debunked by NNPCL, Nigeria
The Nigerian National Petroleum Co. Ltd (NNPCL) announced on February 10 that the recently re-opened 125,000 barrel per day Warri refinery had been closed for routine maintenance.
Nigerian stakeholders, civil society groups call on President Tinubu to retain Mele Kyari as CEO of NNPCL
Nigerian President Bola Tinubu is currently being pressured to keep Mele Kyari in his position as the CEO of the Nigerian National Petroleum Co. Ltd (NNPCL).
Angola increases storage capacity with new fuel terminal
Angola has opened a new fuel terminal that will increase its onshore storage capacity of petrol, diesel and other refined petroleum products by around 80%.
Official sounds alarm over rising consumption of vehicle fuel in Iran
A senior Iranian oil official expressed concern over the surging demand for oil products on the roads, including petrol and diesel.
Gas usage in Iran hits alarming levels amid cold weather
Gas consumption in Iran has surged to worrying levels, setting a new high as a cold snap sweeps across the northern provinces of the country.
Ghana’s gas sector faces mounting debt crisis
Ghana to reassess Tema Oil Refinery operations with local focus
Ghana to scrap Gold-for-Oil programme, says energy minister
Iraq signs $800mn contract to upgrade Al-Diwaniya refinery
Iran’s South Pars Refinery 7 set to increase production
Iran’s South Pars Refinery 7 is on track to maximise production, according to the facility’s manager – Mehrdad Abdi – who said that output is expected to increase significantly by the end of March this year.
OPEC+ continues with production plan despite Trump’s demands
OPEC+ has decided to continue with its current oil production plans after a review meeting on February 2 despite calls from US President Donald Trump to lower crude prices.
Petrochemical output up 3.5% in Iran
A report from the Iranian government released February 2 has revealed that the country’s petrochemical production was able to reach 96.3mn metric tonnes from March 21 to December 20 2024 – an increase of 3.5% compared to last year.
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