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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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SABIC CEO expects sales to grow following completion of new plants
CEO of Saudi Basic Industries Co. (SABIC) Abdulrahman Al-Fageeh has said that the company’s sales are expected to grow once the Fujian Petrochemical Complex in China and a Methyl tert-butyl ether (MTBE) plant in Jubail are completed.
Trump wins the election but US oil supply unlikely to rise, says analyst
Ex-president Donald Trump may have won the US election, but the country’s oil supply is unlikely to increase. This is according to Anne-Sophie Corbeau, BP’s former head of gas analysis in an interview on the eve of the vote.
Energy industry must drive sustainable socio-economic growth: ADIPEC
The global energy industry must drive the next phase of sustainable socio-economic growth, UAE Industry Minister and CEO of the country’s national oil company ADNOC, Sultan Ahmed Al Jaber, said at the ADIPEC conference in Abu Dhabi on November 4.
Liquid fuel burning on the rise in Iranian power plants amid gas shortage
Supply of mazut (heavy fuel oil) to Iranian thermal power plants (TPPs) saw a jump of 80% last month due to a growing gas shortage ahead of the winter, the chief executive of Iran’s state fuel distributor said.
Iran imports 8.5mn litres of petrol amid lingering shortfall
Iran’s state-run fuel distributor is importing more than 8.5mn litres of petrol daily to offset the shortage, the company’s CEO said.
Iranian MP accuses government of ‘lying’ over possible petrol price hike
An Iranian lawmaker accused the government of “lying” to the public by claiming it had no plans to hike petrol prices next year starting on March 21, 2025.
Global oil supply to see major glut next year: World Bank
Global commodity prices are on track to slump to a five-year low next year, with an oil glut emerging so large that it will largely negate the impact of the Israel-Palestine war escalating into a regional Middle Eastern conflict.
Iraq signs gas field development deal with Chinese firm for 300 mmscfd capacity
Iraq signed a contract on October 31 with a Chinese consortium to develop the Mansuriya gas field in Diyala province, targeting production of 300mn standard cubic feet per day
Dangote struggles to keep up with supply commitment
Nigeria’s 650,000 barrels per day (bpd) Dangote Refinery has shipped its first cargo of gasoline on ship bound for Lagos, according to ship tracking data released by Bloomberg.
Ghana seeks petroleum imports from Nigeria's Dangote refinery to bolster energy security
Ghana is in talks to import refined petroleum products from Nigeria’s Dangote Refinery as part of a broader strategy to enhance energy security and deepen economic ties with West African neighbours.
MP exposes oil theft ongoing at Iranian refinery ‘for years’
Iranian lawmaker Malek Shariati blew the whistle on a brazen oil theft on a television programme from a refinery in Iran.
Aramco, Petrovietnam sign collaboration framework agreement
Saudi Aramco has signed a Collaboration Framework Agreement (CFA) with Vietnam Oil and Gas Group (Petrovietnam), laying the groundwork for future cooperation between the two companies.
Multiple groups call on Nigerian government to investigate corruption in the NNPCL
Energy Reforms Advocates (ERA) and All Progressives Congress Youth Vanguard for Change (APCYVC) have called on the Nigerian government to investigate the Nigerian National Petroleum Co. Ltd. (NNPCL) over its failure to rehabilitate refineries.
Petrol imports have cost Iran $3bn this year as president urges for reforms
Iran's President Masoud Pezeshkian called for a rethink on the petrol subsidy scheme, urging a “fairer distribution of the handouts” amid a growing fuel shortage.
Iran releases prices for feedstocks
Iran’s Ministry of Petroleum has rolled out significant increases in natural gas prices for various industrial sectors, including petrochemical feedstock, industrial fuel, steel production and cement manufacturing.
Reports of damage at Iranian refinery during Israeli strikes rejected
The Iranian Oil Ministry's Shana News Agency on October 29 rejected media reports that a major refinery the south-western Khuzestan province was pounded in Israeli air strikes over the weekend.
NLC condemns IMF over subsidy removal
Wood wins engineering work for Aramco gas expansion
Wood has been selected by Aramco to carry out engineering services to support gas expansion
OQ begins construction of $202mn fuel storage facility
Oman’s state-owned energy investment company OQ has begun construction on its $202mn Strategic Fuel Storage Project in Musandam, laying the foundation stone for the facility on October 23.
Kuwait’s oil sector awards and extends contracts
Kuwait’s central tender agency has moved forward with several key contracts and extensions
AEC encourages investors to tap into Central Africa’s hydrocarbon resources at CABEF 2024
DMEA: Iran moves to contain oil spill off Kharg island
Jordan provides update on imports from Iraq
Jordan’s crude oil imports from Iraq ran at 10,226 bpd in September
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