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South Africa's Sasol reports 75% surge in free cash flow to $714mn in year to June 2025
PENGASSAN head says corruption is main cause of Nigeria's refining failures
Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) president Festus Osifo said August 22 that the mains cause for the continuous failures of Nigeria’s state-owned refineries was mismanagement and corruption.
Nigeria’s Dangote Industries, Mitsui Chemicals sign MoU
Mitsui Chemicals has signed a memorandum of understanding (MoU) with Dangote Industries and consulting firm AAIC Holdings Pte. Ltd. to move towards comprehensive collaboration with the Nigerian company, Indian Chemical News reported.
Kuwait’s KOTC reports annual profit
KOTC has reported a net profit of $54mn for the 2024/2025 fiscal year
Turkey’s Sasa to establish company for $25bn refinery, petrochemicals investment
Turkey’s Sasa Polyester Sanayi A.S. has announced a decision to establish a wholly owned subsidiary, Sasa Rafineri A.S., with an initial capital of TRY 100mn ($2.4mn), to lead its strategic $25bn investment in a refinery and petrochemical complex.
OGT2025 conference and exhibition in Ashgabat gains momentum
Preparations are gathering momentum for the landmark 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025”, scheduled to take place from 22 to 24 October in Ashgabat.
Nigeria's NNPCL sets new November target date for AKK gas pipeline completion after delays
The NNPCL has set November 2025 for the mechanical completion of the Ajaokuta–Kaduna–Kano (AKK) gas pipeline, stating that the project is 86% finished and that additional subcontractors have been engaged to accelerate mainline works.
Iran’s petrol demand jumps 7% in five months
Daily petrol consumption in Iran climbed about 7% over the past five months, the head of the state-run National Iranian Oil Products Distribution Co. (NIOPDC) said, after record demand in June was driven by panic buying during Israeli air strikes.
Estonia outlaws isobutane imports from Russia and Belarus to close LPG sanctions loophole
Jordan launches first CNG refuelling station powered by Risha field
Jordan inaugurated its first independent compressed natural gas (CNG) refuelling station for buses, trucks and other vehicles, in what officials described as a major step to expand natural gas use domestically and reduce energy costs.
Iraq to end fuel imports within months as petrol purchases decline
Iraq’s Oil Ministry announced a plan to end fuel imports by late 2025 or early 2026, after significant progress in refining capacity reduced reliance on foreign supplies, as reported by Iraqi News Agency INA on August 20.
Iran to save $1bn as diesel imports fall to zero, deputy oil minister says
Iran has stopped importing diesel for several months, a shift that could save the country about $1 billion annually, the head of the National Iranian Oil Refining and Distribution Co. (NIORDC) said.
Nigeria’s Dangote refinery fails to receive order of 4,000 CNG-powered trucks in time
Dangote refinery’s goal to distribute fuel with 4,000 trucks powered by compressed natural gas (CNG) was put on hold on August 15 due to logistics issues in China, according to a report by The Punch.
Seplat completes first domestic LPG supply from Bonny River Terminal
Seplat Energy has completed its first domestic supply of liquefied petroleum gas (LPG) from the Bonny River Terminal in Rivers State, delivering 12,600 metric tonnes of butane to the Nigerian market in partnership with Nigerian National Petroleum Co.
Egypt raises domestic energy production, saving $3.6bn in fuel imports, says minister
Egypt’s minister of petroleum and mineral resources Karim Badawi says the country was able to save around $3.6bn in fuel imports during the 2024/2025 fiscal year, thanks to an increase in domestic energy production.
Ghana increases petrol, LPG prices
Fuel prices in Ghana are set to be adjusted during the country’s second pricing window this month, with liquefied petroleum gas (LPG) and petrol expected to increase and diesel set to drop slightly, according to Business Ghana.
Iranian state distributor says diesel imports drop to zero as smuggling tackled
Iran’s state fuel distributor said the country no longer needed to import diesel, as daily consumption in non-power sectors fell by around 5mn litres compared with last year, thanks to tighter controls and anti-smuggling measures.
Nigerian's NNPCL and joint venture partner Sahara Group commission new LPG carrier
The Nigerian National Petroleum Co. Ltd. (NNPCL) has expanded its liquefied petroleum gas (LPG) fleet with JV partner Sahara Group, commissioning a new ship to be constructed in Ulsan, South Korea.
Rabat showcases $25bn Nigeria-Morocco Gas Pipeline (NMGP) project to US investors
Rabat presented the ambitious $25bn Nigeria-Morocco Gas Pipeline (NMGP) project to key American investors at the US-Africa Energy Forum in Houston earlier this month, amid rising interest among investors and institutions there to back projects.
Aramco continues asset monetisation with $11bn Jafurah deal
BlackRock-led consortium takes 49% stake in key gas infrastructure as questions emerge over the kingdom’s long-term strategy for its core energy assets
Premium petrol to be available at market rates next month, Iranian oil minister says
Iran will roll out a new grade of imported premium petrol at selected filling stations within a month, Oil Minister Mohsen Paknejad said, stressing the move “has nothing to do with current fuel quotas."
Port Harcourt designated as Nigeria’s ‘premiere energy city’ despite refinery woes
Nigeria’s Rivers State administrator Vice Admiral Ibok-Ete Ekwe Ibas designated Port Harcourt as Nigeria’s premier energy city this week as part of a bid to renew membership in the World Energy Cities Partnership (WECP), according to Leadership.
Iraq detains oil tanker for suspected fuel smuggling
The Iraqi navy detained a Liberian-flagged oil tanker located in its territorial waters on August 8 as part of efforts to combat fuel smuggling at sea.
Nigeria’s Dangote Refinery raises fuel prices & debunks shutdown claims
Nigeria’s 650,000 barrel per day (bpd) Dangote refinery has re-started the sale of petrol with a revised ex-depot price of 850 naira ($0.55) following a week-long suspension, according to Investors King.
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