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Nigeria's Port Harcourt refinery closes for 30 days
Nigeria’s 210,000 barrels per day (bpd) Port Harcourt Refining Complex (PHRC) has been shut down for 30 days by the Nigerian National Petroleum Co. Ltd. (NNPCL) to carry out scheduled maintenance.
Iran advances flare gas recovery projects to save billions in losses
Iran is pressing ahead with a large-scale plan to put an end to the flaring of associated petroleum gas, with several major collection projects now gathering pace, a senior oil official.
Iranian firms to join OPEC funded projects despite loan restrictions
Iranian companies are set to take part in development projects backed by the OPEC Fund for International Development through the export of technical and engineering services, officials said.
Egypt plans to sign 13-15 petroleum agreements in H2 2025
Egypt’s Ministry of Petroleum is preparing between 13 and 15 new petroleum concession agreements to be signed during H2 of 2025, Economy Plus reported on May 27.
South Africa proposes buying LNG from US as part of bilateral trade deal
South Africa has offered to buy liquefied natural gas (LNG) from the United States over a 10-year period as part of proposals to secure a trade deal, according to a ministerial statement posted on the government news agency SA News' website.
Sweden’s Jord secures 300 hectares for flagship biofuel venture in Senegal
Swedish renewable energy company Jord AB has secured 300 hectares of land in southern Senegal to launch a major biofuel project aimed at advancing rural development and supporting the country’s renewable energy goals.
Canada’s clean energy tech Borna Membrane Solutions builds $40mn factory in Egypt
Canada’s clean energy tech Borna Membrane Solutions (BMS) plans to establish a $40mn factory in Egypt to will produce flare gas recovery systems, carbon separators, and technology for reinjecting recovered gases into Egypt’s natural gas grid.
South Africa’s Transnet signs $233mn settlement with Sasol over oil pipeline tariff dispute
South Africa’s chemicals and energy company Sasol and state-owned logistics utility Transnet have settled long-running disputes over crude oil pipeline tariffs.
Egypt receives 14 offers to supply liquefied natural gas to up to three years
The state-owned Egyptian Natural Gas Holding Company (EGAS) has received 14 offers to supply liquefied natural gas (LNG) for periods ranging from 18 months to 3 years, Economy Plus reported on May 25.
Aramco may seek Jafurah investment, other asset monetisation
Aramco is reported to be considering monetising more gas infrastructure assets as it seeks to generate funds to plug the shortfall created by lower oil prices
Iran set to roll out bioethanol-based petrol
Iran is poised to start the distribution of bioethanol-based petrol, Deputy Oil Minister Mohammad-Sadeq Azimifar said after signing an agreement to kickstart production of green automotive fuel.
Libya accumulates $1bn in debt to fuel suppliers after ending oil swap programme
Libya has accumulated around $1bn in debt to fuel suppliers after ending its oil swap programme roughly three months ago.
Egypt in talks to buy 40-60 shipments of LNG to meet high summer demand
The Egyptian government is in talks with international energy companies to purchase between 40 and 60 shipments of liquefied natural gas (LNG) and around 1mn tonnes of fuel oil to secure emergency fuel imports amid a worsening energy crisis.
Turkey to supply Syria with 2bn cubic metres of gas annually
Turkey will provide Syria with 2bn cubic metres of natural gas annually to help rebuild the country's energy infrastructure, Turkish Energy Minister Alp Arslan Bayraktar announced on May 22.
Nigeria's fuel marketers choose Dangote over state-owned refineries
Nigerian fuel traders are currently unable to purchase petrol from two state-run refineries six months after the Nigerian National Petroleum Co. Ltd (NNPCL) announced that they were operational.
Russia to build fuel pipeline in Republic of Congo
Russia’s Cabinet of Ministers has submitted to parliament for ratification a deal with Congo to construct a petroleum products pipeline there aimed at strengthening regional energy infrastructure and facilitating bilateral trade in refined oil.
Oil prices increase as Middle East tensions rise
Oil prices increased slightly on May 19 following a breakdown in talks between the US and Iran over Iran’s nuclear programme, with Brent crude futures lying 13 cents higher at $65.54 per barrel.
Iran increases crude storage capacity by 2mn barrels
Iran has added an additional 2mn barrels of crude oil storage capacity to its Kharg Island export terminal, with tanks 25 and 26 being put back into operation after refurbishment on May 17.
NNPCL inspects Nigerian Port Harcourt and Kaduna refineries
The Nigerian National Petroleum Co. Ltd’s leadership has conducted an inspection visit to the 110,000 bpd Kaduna refinery and 210,000 bpd Port Harcourt refinery as part of efforts to ensure they are running effectively.
Nigeria’s Dangote refinery set to receive 272,000 tonnes of international crude
Nigeria’s 640,000 barrel per day Dangote refinery received 146,000 tonnes of crude oil from the international market from the tanker Hercules this week, with another tanker – Sienna – set to follow soon afterwards.
Mozambique, Zambia sign MoU to build $1.5bn Beira-Ndola fuel pipeline
Mozambique and Zambia have signed a memorandum of understanding for the construction of a pipeline to transport refined petroleum products.
Iran, Afghanistan voice desire to work together in oil, gas development
Iran and Afghanistan signalled their mutual desire to cooperate in the oil, gas and petrochemical sectors, with Tehran offering help to develop its neighbour’s growing petroleum industry.
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