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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 SABIC considers IPO for subsidiary Gas company
Saudi Basic Industries Corporation (SABIC) is studying strategic options for its National Industrial Gases Company (Gas) subsidiary, including a potential initial public offering.
Iran to boost capacity at Qeshm oil refinery to 130,000 bpd
Iran plans to ramp up production at its Qeshm heavy oil refinery to 130,000 barrels per day, a senior official at the facility said, as part of the country’s push to expand domestic refining capacity.
Nigeria: Sunbeth Energies set to distribute Dangote fuel
Sunbeth Energies Ltd. this week signed an agreement with 650,000 barrels per day (bpd) Dangote refinery to purchase and distribute its refined petroleum products, placing the company among a select group with direct access to the plant’s output.
UAE's ENOC appoints Hussain Sultan Lootah as CEO
Dubai-based global energy company Emirates National Oil Co. Group and revealed its new CEO this week – an experienced industry official with 30 years of leadership experience in the oil and gas industry, Hussain Sultan Lootah.
Sudan, South Sudan reach impasse over crude export fees
Sudan and South Sudan are yet to reach an agreement on revised oil export fees that South Sudan pays to Sudan to export crude oil from its ports, according to a report from Radio Tamazuj.
Iran ranks second in OPEC refinery capacity in 2024
Iran emerged as the second-largest oil refiner in OPEC, with a daily capacity of 2.237mn barrels, accounting for 16% of the group’s total refining capacity, according to the Organisation of the Petroleum Exporting Countries.
KRG delegation in Baghdad to finalise oil, salary deal
A high-level Kurdish delegation arrived in Baghdad this week for final negotiations aimed at resolving a bitter and economically damaging dispute with the federal government
Syria’s Baniyas refinery maintenance to boost production capacity by 25%
Baniyas Refinery in Syria continues to carry out extensive maintenance work on its production units as part of a plan aimed at enhancing operational efficiency and productivity.
BlackRock considering selling gas pipeline stake back to Saudi Aramco
Four years on from acquiring a minority stake in a 20-year lease in Aramco’s gas pipeline subsidiary, BlackRock is looking to divest, potentially to the Saudi oil giant
Global LNG liquefaction capacity to grow 37% by 2028: GIIGNL
Global LNG liquefaction capacity is expected to grow by 37% to over 672.1mn tonnes per year by 2028 as producers commission around 180mn tpy of new capacity.
Nigeria: Former NNPCL CFO speaks out against allegations of arrest
Umar Ajiya Isa, former chief finance officer (CFO) of the Nigerian National Petroleum Co. Ltd. (NNPCL) has denied reports that he was arrested by the Economic and Financial Crimes Commission (EFCC) for allegedly committing fraud worth $7.2bn.
George Elombi’s appointment as Afreximbank president will boost energy trade in Africa, says AEC
The African Energy Chamber (AEC) called George Elombi’s appointment as Afreximbank's president “a strategic move for African energy trade” at a time when Africa is striving to reduce energy poverty and drive long-term, sustainable development.
Fuel tanker explosion in Jebrin, Syria, kills seven, injures many
A devastating explosion rocked the town of Jebrin in the Hama countryside, central Syria, on July 2 after a fuel tanker caught fire.
Trump says US may ease Iran sanctions
US President Donald Trump has said that he may support the easing of sanctions on Iran to help the country rebuild following its war with Israel over nuclear weapons development.
Nigeria’s Port Harcourt refinery shows signs of life
Politics Nigeria revealed this week that Nigeria’s 210,000 barrel per day Port Harcourt Refining Complex (PHRC) has begun to show signs of life following its shut-down in May, with flares around the plant on June 29.
Fires rip through two petroleum-related units in Iran amid fragile ceasefire with Israel
A blast and blaze affected two Iranian refining and petrochemical facilities as tensions remained high despite a fragile ceasefire between Tehran and Tel Aviv.
Oil prices drop as US plans talks with Iran
US President Donald Trump has revealed that he may conduct talks with Iranian officials next week in a bid to improve relations and strengthen a fragile ceasefire with Israel.
Angola, US to advance cooperation in developing oil and gas, critical minerals and renewable energy
Angola’s Minister of Mineral Resources, Oil and Gas Diamantino Azevedo and US Secretary of Energy Chris Wright met on June 11 in Washington, D.C. to discuss cooperation in the oil and gas, critical minerals and renewable energy sectors.
Ghana fuel import chaos costs industry over $40mn in H1, disrupts energy security, distributors warns
Nigeria’s NNPCL increases petrol prices
The Nigerian National Petroleum Co. Ltd. (NNPCL) has increased the pump prices of petrol to N915 ($0.59) per litre in Abuja and Lagos as global crude prices rose in part due to events in the Middle East.
EFCC arrests ex-NNPCL official and previous Warri managing director
Nigeria’s Economic and Financial Crimes Commission has arrested a former CFO of the Nigerian National Petroleum Co. Ltd (NNPCL), as well as a former managing director of the 125,000 barrel per day Warri refinery on June 23.
Nigeria: Dangote’s new distribution plan will help prevent losses, says IPMAN
Nigerian oil marketers said this week that petroleum product exports from the country’s 650,000 barrel per day Dangote refinery would help prevent losses due to price crashes.
Nigeria and Equatorial Guinea sign Gulf of Guinea gas pipeline agreement
Nigeria and Equatorial Guinea have signed a joint communiqué to formalise cooperation on the Gulf of Guinea Gas Pipeline (GOGGP), advancing the regional energy infrastructure project intended to transport natural gas across West Africa.
Pipelines dilute impact of potential Hormuz closure
Fears of a full-blown conflict in the Middle East, reignited by recent military strikes, have once again thrust the vulnerability of the Strait of Hormuz into the spotlight.
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