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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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Iran stockpiles 5bn litres of LPG for winter
In a strategic move to ensure an uninterrupted power supply during the winter months, approximately 5bn litres of liquid fuel have been stockpiled in the storage tanks of power plants across Iran
DMEA: King Abdullah Port reduces ship waiting times
Industry trends help reinforce Nigeria’s deal with Golar LNG
NNPCL’s increasing interest in FLNG projects is in line with global LNG operators’ flagging interest in onshore LNG plants.
Iraq’s Karbala oil refinery struggles to reach full capacity
Iraq’s 140,000-bpd Karbala oil refinery has struggled to reach its expected throughput capacity following severe technical difficulties that saw the plant taken offline in June.
King Abdullah Port reduces ship waiting times
Saudi Arabia’s King Abdullah Port has partnered with two marine fuel and service providers to reduce ship waiting times as part of a commitment to provide fuel supply and bunkering services to every vessel entering the facility.
Petrefuel to acquire Royale Energy
Petrefuel Holdings (Petrefuel) is set to acquire 100% of Royal Energy, with the Competition Commission saying on 4 August that it had recommended the acquisition be approved, provided certain conditions are met.
Israel's gas export debate returns
Israel is revisiting a debate it had a decade ago about how much of the country’s natural gas reserves should be available for export. The issue is back due to the changing political and economic circumstances in the region and Europe.
Iraq to increase exports to Jordan to 15,000 bpd
Jordan’s Ministry of Energy and Mineral Resources (MEMR) announced this weekend that it will be increasing imports of crude oil from Iraq to 15,000 barrels per day, up from the current 10,000 bpd.
Niger coup puts Trans-Saharan gas pipeline at risk
DMEA: Luberef profits jump
ADNOC sharpens climate targets ahead of COP28 summit
The Abu Dhabi National Oil Company (ADNOC) brought its net-zero climate targets forward five years to 2045 on Monday, 31 July as the United Arab Emirates prepares to host the United Nation’s COP28 conference in December.
NNPCL to increase investments in gas
The Nigerian National Petroleum Company Limited (NNPCL) said on Monday, 31 July that it plans to develop Nigeria’s gas and transportation infrastructure in a push to achieve clean and affordable energy in the country.
Luberef sees profits climb 21.68% in H1
The net profit of Saudi Aramco Base Oil Co. (Luberef) climbed 21.68% to $240mn during the first half of 2023, with the company’s net profit for the second quarter also rising 3.97% to $121mn compared with $116mn reported the previous year.
Angola to invest in new oil refineries
Angola, Africa’s second-largest oil producer – producing 1.1mn bpd of crude – will begin to produce diesel and petrol for its own population upon completing new refineries. Oil and gas generate around three-quarters of the country’s exports.
India’s Petronet seeks LNG extension deal with Qatar at lower prices
India’s state-owned LNG company Petronet LNG will attempt to extend with Qatar its long-term gas import deal at lower prices than the Gulf country offered China and Bangladesh in recent deals, Reuters reported on July 31.
BP says GTA’s start date for gas production has been pushed back to Q1 2024
BP (UK) has postponed the start-up of natural gas production at the Greater Tortue/Ahmeyim (GTA) block, located offshore Mauritania and Senegal.
Mozambique LNG still negotiating costs with contracts, TotalEnergies CEO confirms
Patrick Pouyanne, the CEO of TotalEnergies, confirms that his company is still negotiating with contractors on construction costs for the Mozambique LNG project.
Nigeria's Tinubu says scrapping fuel subsidy has saved $1.32bn
In June, Tinubu put an end to the subsidy that kept prices of petrol artificially low, at the expense of government coffers. Tinubu claims that Nigeria saved NGN1trillion ($1.32bn) in just over two months by removing the subsidy.
Nigeria’s elimination of gasoline price subsidies causing problems for European refiners
Nigeria’s appetite for gasoline imports has dropped significantly since the elimination of domestic fuel price subsidies in late May, and European refiners are suffering as a consequence.
Clock ticking for possible disruption of Libya’s oil exports
Military leader Khalifa Haftar, whose eastern-based Libyan National Army controls two-thirds of the country, including five of its nine export terminals, has threatened to bring exports to a halt unless he gets up to 90% of Libya's oil revenues.
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