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DMEA: Iran to launch Gachsaran petrochemical plant
West African waters become key destination for tankers involved in Russian oil transfers
Africa’s western coastal zone has seen a significant uptick this year in illicit ship-to-ship (STS) transfers of crude oil from Russia.
Iran to launch Gachsaran petrochemical plant
Iran is set to launch a large-scale petrochemical plant that will rely on domestically sourced equipment for around 80% of its needs, according to a senior official in state-owned Persian Gulf Petrochemical Industries Co. (PGPIC), Hassan Neshanzadeh.
Uganda seeks investors to finance Hoima refinery
Uganda’s Ministry of Energy and Mineral Development has announced that it is seeking investment partners to develop the planned 60,000 bpd Hoima refinery. This suggests that Albertine Graben Refinery Consortium has failed to make progress.
Fire at Iran's Bandar Abbas refinery
Iran's Aftab Oil Refining Co. (AORC) is dealing with a fire that broke out at its Bandar Abbas refining complex in the southern Iranian port city. State media outlet IRNA reported that eight firefighters had been injured while dealing with the blaze.
ENOC and QatarEnergy sign condensate supply deal
The UAE’s ENOC Group and QatarEnergy have announced a 10-year agreement for the supply of condensates to ENOC Group, starting from this month.
Sonatrach, TotalEnergies sign $739mn gas production deal, Algeria
Algeria’s Sonatrach and French firm TotalEnergies have signed contracts focused on boosting gas production under an existing agreement worth $740mn. The deals were signed by Sonatrach CEO Toufik Hakkar and his counterpart Patrick Pouyanne in Algiers.
Edison CEO says EastMed gas pipeline still in play
Nicola Monti, CEO of Italy’s Edison Group, said last week that the proposed EastMed Gas Pipeline, which would stretch from the gas fields in the East Mediterranean to Crete, Greece and on to Italy, is still a viable project.
DMEA: Fire at Al-Zour refinery, Kuwait
UTM Offshore and partners to construct floating LNG plant in Nigeria
Julius Rone, the chief executive, revealed in a meeting with Nigerian President Bola Tinubu in Abuja that their project's goal is to produce 1.5mn tonnes per year of LNG for international trade.
Iran set to launch six new petrochemical plants worth $2.7bn
Iran’s National Petrochemical Co. (NPC) has announced that six petrochemical projects look set to begin – part of a push to grow the country's oil sector.
Fire at Al-Zour refinery, Kuwait
Kuwait’s 615,000 barrel per day Al-Zour refinery suffered a fire on July 3, which was promptly put out by Kuwait Integrated Petroleum Industries Co (KIPIC) with no casualties.
OPEC+ members plan deeper cuts ahead of meeting
The two top oil producers in OPEC+, Saudi Arabia and Russia, have announced plans to prolong or make additional supply cuts in August as they seek to boost the price of crude.
Uganda seeks new investors for $4.5bn oil refinery after deal with US-led consortium AGEC expires
Libya’s army leader Haftar warns of military action if oil revenues not distributed fairly
Egypt begins petroleum sector expansion
Egypt is set to start eight new projects worth $5bn with the aim of modernising its petroleum sector, focusing primarily on refining and manufacturing.
Uganda will seek new investors for refinery project
Uganda is looking for new partners to build a planned $4.5bn refinery to process oil from fields near Lake Albert, following the expiration of its agreement with the AGEC consortium.
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