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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 alleges major boost in vehicle fuel output
A senior Iranian Oil Ministry official claimed a significant surge in vehicle fuel production since the government of President Masoud Pezeshkian took office in late July.
DMEA: Nigerian fuel smugglers continue to profit
China’s Export-Import Bank should not back EACOP, says Human Rights Watch
Human Rights Watch (HRW) has urged China’s Export-Import Bank (Exim Bank) not to finance the East African Crude Oil Pipeline project which is being developed to transport oil from western Uganda's oilfields to the port of Tanga in eastern Tanzania
NNPCL to proceed with refinery privatisation plan
The Nigerian government has announced that it will be fully privatising the country’s state-owned refineries with 210,000 barrels per day (bpd) Port Harcourt, 125,000 bpd Warri and 110,000 bpd Kaduna on the list.
South Africa seeks LNG from Qatar as gas shortages loom
Saudi Arabia forms new petchem committee
Saudi Arabia has moved to improve private sector participation in petrochemicals by introducing its first national committee for energy and petrochemicals – overseen by the Federation of Saudi Chambers.
AGL set to expand Pointe-Noire terminal
Congo Terminal – a subsidiary of Africa Global Logistics (AGL) – is poised to begin the expansion of the port of Pointe-Noire in the Republic of Congo (ROC) together with China’s Road and Bridge Co.
Nigerian fuel smugglers continue to profit
Nigerian fuel smugglers continue to cross borders to trade petrol from cans and bottles due to low prices of the product in the country, with anonymous traders noting that the business remains “very profitable,” according to Vanguard.
Indian Oil renews annual crude oil import agreement with Iraq for 2025
Indian Oil Corporation (IOC), India’s largest government-owned oil and gas refining company, has renewed its annual crude oil import agreement with Iraq for 2025, maintaining the agreed volume at 21mn tonnes.
Nigeria saves $7.5bn due to fuel subsidy removal
The Nigerian government has announced that it is saving $7.5bn a year from funds previously used for fuel subsidies after the policy’s removal.
Tinubu’s administration projects Nigeria to save $7.5bn annually from fuel subsidy removal
US sanctions on Gazprombank put $200mn South African gas-to-liquids project in difficult position
US sanctions on Russia's Gazprombank announced on November 21 are likely to negatively affect a planned $204mn project to revive a gas-to-liquids plant in South Africa, as per local media reports.
Tenders for $25bn Nigeria-Morocco gas pipeline expected in 2025
West African Gas Pipeline undergoes critical maintenance as inspection begins
The West African Gas Pipeline Company Limited (WAPCo) will on Monday, November 25, begin a major cleaning and inspection of the West African Gas Pipeline (WAGP), an official statement said.
KPC head outlines spending plans to boost oil output
KPC plans to invest $33bn over the next five years to expand oil production capacity
Iran prepares for major plane fuel price hike
DMEA: Iraq signs loan agreement for Basra refinery project
Aramco, Rongsheng to develop Saudi petrochemical complex
Dangote looks to increase production at $20bn refinery
The owner of Dangote Refinery Aliko Dangote is engaged in discussions with development banks, oil traders and commercial lenders to obtain billions in a bid to increase production at the 650,000 barrels per day (bpd) plant, according to FT.
JBIC invests in Moroccan energy transition
Japan Bank for International Cooperation (JBIC) has signed a Memorandum of Understanding (MoU) with Morocco, bolstering cooperation between the two countries and aiding Morocco in its transition towards carbon neutrality.
Aramco begins construction of new petrochemical project in China
Saudi Arabia’s Saudi Aramco has commenced construction of a joint petrochemical facility in China along with project partners Sinopec and Fujian Petrochemical.
Iranian VP highlights need to hike petrol prices
Petrol is “cheaper than drinking water” in Iran, a presidential aide told state TV, saying that such low prices “cannot continue.”
Iraq signs loan agreement for Basra refinery project
A Japan International Cooperation Agency (JICA) loan agreement worth $388nm has been signed by Iraqi Finance Minister Taif Sami for the sixth phase of Iraq’s 210,000 barrel per day (bpd) Basra Refinery Development Project.
NNPCL spokesperson corrects false report
The Nigerian National Petroleum Company Ltd. (NNPCL) has called a news report a “misinterpretation of fact” after it claimed the company had stopped fuel imports and begun buying fuel from Dangote Refinery and other local plants.
Iraq renews agreement to supply heavy fuel oil to Lebanon, war losses hit $8bn plus
Iraq has renewed an agreement to supply Lebanon with heavy fuel oil to the end of January 2025, Walid Fayad, the acting minister of energy and water in Lebanon’s caretaker government, announced last week.
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