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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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Nigerian government launches cassava bioethanol project to drive sustainable growth
This initiative, which also aims to address food security concerns, comes in the wake of the government's decision to remove fuel subsidies, indicating a shift towards sustainable growth and development.
Nigeria's NMDPRA denies rumours of NNPC granting import licence to Dangote Group
The CEO of NMDPRA, Farouk Ahmed, stated that the NNPCL does not have the mandate to grant import permits to any organisation. He emphasised that only NMDPRA has the authority to issue import permits for petrol.
Police in Angola disperse fuel hike protests
Egypt’s Orascom Industrial Parks signs $120mn deal with India’s Flex Accipto to expand polyethylene plant in Sokhna
Egypt’s Orascom Industrial Parks signed a $120mn deal with the Indian packaging solutions company Flex Accipto to expand its production of polyethylene (PET) plant in Sokhna within the Suez Canal Economic Zone (SCZONE), Ahram Online reported.
Cameroon halts $44.8mn deal between SNH and Savannah Energy on Chad-Cameroon Pipeline stake
Nigeria: CBN funds required for modular refinery completion
Nigerian refiners expect funding from the Central Bank of Nigeria (CBN) will be needed in order to get more local refineries on stream.
10 agreements signed at conclusion of first visit to Islamic Republic by an Uzbek president in 20 years
Iraqi refining news gives pause for optimism
Qatar signed a deal this week to develop an oil refinery in Iraq, while the rehabilitation of another facility supports the broader positive trend.
Risha compression plant to be operational by year-end
A gas compression plant that is currently under construction near Jordan’s Risha gas field will complete installation of gas units by mid-August ahead of the start of commercial operations by the end of 2023.
Five more African countries sign on to $25bn Nigeria-Morocco gas pipeline project
The proposed 5,600km pipeline, an extension of the West African Gas pipeline, will connect 13 African countries at an estimated cost of $25bn. With the new signatures, all countries along the proposed route have now signed the agreement.
DMEA: Iran, Venezuela sign petchem deal
Istanbul-listed Sasa shareholder sells 1% stake to foreign investors via private placement for TRY 4bn
NMDPRA authorises construction of two new Nigerian oil export terminals
NMDPRA has authorised a subsidiary of state-owned NNPCL and privately-owned Nigerian upstream operator Belemaoil Producing to build two new crude export terminals.
Iran, Venezuela sign petrochemical deal
Iran and Venezuela signed a memorandum of understanding on Monday to increase co-operation in the petrochemical sector, improving an already close relationship in oil.
LPG’s role as Africa’s transitional fuel
LPG has an important role to play in Africa’s energy transition, and while some lenders may baulk at the thought of financing fossil fuel-related projects, in this case that viewpoint is neither pragmatic nor helpful
KPC touts success of bottom-loading facility at Nakuru fuel depot
The marketing director of KPC says OMCs in Nairobi and elsewhere see the Nakuru depot as the best place to fill their tankers, following the installation of a bottom-loading facility.
Iran: Petrochemical products now known across the globe
Iranian ambassador to Russia Kazem Jalali noted on Sunday that there had been an increase in trade between Iran and Russia, particularly in petrochemical and technological sectors.
Seized Iranian tanker to have cargo of oil unloaded by US
The ship – carrying an estimated 800,000 barrels of oil – is currently anchored 70 miles (112 km) offshore from Galveston having arrived on May 29, according to satellite imagery and transponder location data.
Petrofac signs $1.5bn petrochemicals deal, Algeria
An engineering procurement and construction contract for a $1.5bn complex located in Arzew Industrial Zone has been awarded to Petrofac by STEP Polymers, a subsidiary of Algeria’s state-owned Sonatrach.
Nigerian president urged to cut government stake in oil and gas sector
President Bola Tinubu’s advisory team has suggested that the Nigerian government should reduce its stake in the oil and gas sector to boost the country’s economic growth by $17bn.
KPC cancels tender for consultancy study
The Kuwait Petroleum Corp. (KPC) has reportedly cancelled a tender that it had issued in December for a consulting study to determine financing options for its subsidiaries.
Iraqi budget passed with Baghdad taking control over Kurdish oil revenues
Iraq has passed a three-year budget while moving to exert greater control over the Kurdistan Region’s oil sector
KPC prepares decarbonisation roadmap, launches gas pipeline
State-owned Kuwait Petroleum Corp. (KPC) said last week that it has developed a strategy and roadmap for low-emission energy transformation.
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