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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 reportedly considering massive new Aramco share sale
Saudi Arabia is reported to be considering selling up to $50bn worth of shares in majority state-owned oil giant Aramco in a move that could mark the largest share sale in history.
Oman to launch IPO of OQ Gas Network
Oman is set to launch an initial public offering for a minority shareholding in state gas transmission operator OQ Gas Network (OQGN).
Iran's Mahtab Parsian Petrochemicals Co. agrees Chinese funding
Iran's petrochemical sector eyes $150bn investment, signs MoU with Chinese consortium
Iran's oil exports reach 1.85mn barrels per day
Iran's oil exports have surged during 2023, marking a 54% increase since the beginning of the current Gregorian year, Bloomberg reported.
Hopes for pipeline progress raised as Turkish, Israeli energy ministers discuss energy cooperation potential
Kenya confirms plans for bulk LPG handling facilities in port of Mombasa
The Kenyan government has confirmed plans to invest in a bulk LPG import handling and storage facilities when the Kenya Pipeline Company (KPC) completes the takeover of assets belonging to the defunct Kenya Petroleum Refineries Ltd (KPRL).
DMEA: EU scouts Africa for SAF projects
Kenya Pipeline Company advances plans to take over KPRL refinery assets
Kenya Pipeline Company (KPC) has set in motion the process to take over assets belonging to Kenya Petroleum Refineries Ltd (KPRL), a now-defunct company set up by British companies Shell and BP to serve the East African region.
South Africa, China sign power deals
South Africa signed a collection of deals with China on August 23 aiming to restore its struggling power sector with the hopes of easing a severe energy crisis that has been affecting the economy for years.
China eyes cheaper Iranian crude as Russian discounts dry up
With rising prices seen on Russian crude imports of late, speculation is rife in East Asia that authorities in Beijing will soon give the nod to increased imports of Iranian crude in the coming months.
ExxonMobil says world will fail to meet Paris goal in 2050
Oil supermajor ExxonMobil says that the world will fail to meet the Paris Agreement goal to keep global warming below 2 degrees Celsius by 2050.
EU scouts Africa for SAF projects
The European Union has banked on Africa backing sustainable aviation fuel (SAF) projects for its Global Gateway infrastructure fund ahead of an expected increase in demand for sustainable air travel, according to an EU official.
Transnet sues Sasol for $44mn pipeline tariffs
Transnet SOC Ltd. is suing Sasol and TotalEnergies SE for issues pertaining to the usage of its pipeline to transport crude oil to jointly owned Natref refinery in Sasolburg, Durban.
Major Iranian oil company reports 35% growth in output
Karoun Oil and Gas Production Company, a subsidiary of the National Iranian Oil Company, has recorded a remarkable 35% increase in output over the past six months.
Turkey keen to restart Kirkuk-Ceyhan pipeline operations
Talks between Iraqi, Kurdish and Turkish authorities suggest that oil flows to the Mediterranean could be close to resuming
TAQA Arabia submits non-binding offer to acquire gas stations owned by army’s Wataniya Petroleum
Egyptian energy services company TAQA Arabia submitted a non-binding offer to acquire gas stations company Wataniya Petroleum, a subsidiary of the army’s civilian business conglomerate National Service Projects Organization (NSPO).
Aramco expands downstream presence in China
Saudi Aramco has announced plans to continue expanding its downstream presence in China in an effort to support energy security and a green transition in the country, according to the company’s president of downstream, Mohammed Y Al Qahtani.
RISK ADVISORY: Changing Sonangol – can Angola finish what it started?
After a promising start, President João Lourenço’s ambitious plan to reform Angola’s state oil company Sonangol appears to have ground to a halt.
BP and partners to invest $3.5bn in Egypt’s hydrocarbon sector over next three years, CEO says
Gas pipeline explosion reported in southern Iran; officials blame fuel theft
Iranian media have reported a fire incident on the Goura-Jask crude oil pipeline in the southern province of Hormozgan on August 28, killing at least one person.
BRICS MATERIALS: the flourishing intra-BRICS oil trade
The addition of the Kingdom of Saudi Arabia, UAE and Iran to the BRICS+ at a summit on August 24 came as a surprise to many, but it has also significantly increased the body's clout in international oil markets.
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