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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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Nigeria set to deny oil export permits for producers
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed on February 3 that it would not allow producers to gain export permits for oil cargoes if they had not met their supply quotas to local refineries.
Household gas cylinder shortage crisis intensifies in Tunisia despite Algerian support
Several Tunisian regions are still experiencing a shortage of household gas cylinders despite recent Algerian gas shipments. An Algerian shipment of 5,200 tonnes of LNG arrived at the port of Bizerte in Tunisia recently to help meet increased demand.
Iraqi MPs give nod to Kurdish oil export resumption
Iraq's parliament has paved the way for the resumption of oil exports from the semi-autonomous Kurdistan Region.
Kuwait’s KPC prepares trading arm to begin operations with senior hires
Kuwait's KPC has made several senior appointments at its Dubai-based trading arm ahead of the start of operations.
Tanker carrying 10mn litres of smuggled fuel seized off Iranian coast
Iran has seized a vessel in the Persian Gulf on suspicion of smuggling 10mn litres of petroleum products.
Nigeria’s LNG exports drop 20% due to pipeline vandalism
Shell reportedly close to dispute resolution with South African Thebe Investment Corp over $1bn asset
Energy supermajor Shell and its South African partner, Thebe Investment Corporation, are nearing a valuation dispute resolution over Shell’s downstream operations in South Africa.
Iran signals possible petrol price hike amid chronic fuel shortages
The Iranian government once again raised the prospect of hiking petrol prices in the next fiscal year, starting on March 21, amid chronic fuel shortages.
Warri, Port Harcourt set to boost Nigerian self-sufficiency
The Nigeria Extractive Industries Transparency Initiative (NEITI) released a statement on January 26 praising the newly commissioned 210,000 barrel per day Port Harcourt refinery and 150,000 bpd Warri refinery.
West Africa LPG Expo advocates for clean energy transition
Regional and global energy investors are preparing plans to actualise an effective method for a clean energy transition in West Africa at the 6th edition of the West Africa LPG Expo.
Nigeria to construct five mini-LNG plants
The Nigerian National Petroleum Co. Ltd (NNPCL) has approved plans to construct five mini-liquefied natural gas plants in Ajaokuta, Kogi State, with a groundbreaking ceremony set to take place on February 6.
South Africa: ACSA urges government to secure strategic jet fuel reserves amid ongoing refinery crisis
South Africa's state-run Airports Company South Africa (ACSA) has urged the government to establish a policy for maintaining strategic jet fuel reserves, particularly in light of the count.
Stakeholders to export raw materials for biofuels in Mozambique
Stakeholders in Mozambique are currently discussing the possibility of exporting raw materials for biofuel production while a project for mandatory blending of petroleum products with domestically produced biofuels remains under development.
Nigerian marketers may drop Dangote Refinery in favour of low-cost imports
Nigerian oil marketers revealed this week that the price of petrol imports had dropped from N955 ($0.61) per litre to N922.65 ($0.59), with the price encompassing import duties, shipping fees and exchange rate fluctuations.
PetroRabigh completes second waiver of revolving shareholder loans worth $500mn
Saudi-based Rabigh Refining and Petrochemical Company (PetroRabigh) has completed its second waiver agreement for revolving shareholder loans with Saudi Aramco and Sumitomo Chemical Company.
Iraqi OPDC sells over 11bn litres of gasoline in 2024
Egyptian President says country needs $20bn annually to secure petroleum products
The president said the subsidies on essential commodities like fuel are sold below their actual market value, arguing that selling these goods at their true cost would significantly affect prices.
Indian refiners pivot to Middle East following fresh US sanctions
New US sanctions pushed Indian state refiners to request Abu Dhabi National Oil Co (ADNOC) to price its crude on a delivered basis on 21 January, after freight rates rose sharply this week.
Nigeria’s Dangote Refinery set to overturn fuel trade with Europe
Nigeria’s 650,000 barrel per day Dangote Refinery is expected to disrupt Europe’s petrol market, with experts noting that the plant could end petrol trade between Europe and Africa worth $17bn annually.
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