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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 modular refineries operating at 20% capacity
Numerous modular refineries are still waiting for crude supplies following promises by the Nigerian National Petroleum Company Ltd (NNPCL) to lend support as part of the country’s plan to develop domestic refining capacity.
Libya's central bank warns sharp disparity between foreign currency sales, oil income threatens stability
Nigeria inaugurates first modular LPG plant, 20-MW gas-to-power project
The Nigerian government has inaugurated the country’s first modular liquefied petroleum gas extraction plant and a 20-MW gas-to-power project at the Otakikpo field in Rivers State.
Nigeria declares state of emergency following pipeline explosions during unrest in Rivers State
Nigeria’s President Bola Tinubu on March 18 declared a state of emergency in Rivers State following explosions at two oil pipelines.
Nigerian association IPMAN denies opposing petrol price drop by Dangote, NNPCL
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has refuted claims that it stood against plans by 650,000 barrels per day (bpd) Dangote Refinery and the Nigerian National Petroleum Co. Ltd. (NNPCL) to cut petrol prices.
Borouge offers buybacks after drop in share price
Dangote set to overturn Nigerian polypropylene market
650,000 barrels per day (bpd) Dangote Refinery has begun the production of polypropylene in a move that threatens to overturn the domestic market – according to S&P Global Commodity Insights.
CNG stations in Iran on brink as maintenance neglect takes its toll
A union leader has warned that nearly half of Iran’s state-run CNG filling stations are on the verge of shutting down due to poor maintenance and lack of investment.
Dangote refinery in Nigeria begins polypropylene production
Since its commissioning in January 2024, the refinery has gradually expanded operations, producing various petroleum products, including diesel and aviation fuel.
Red Sea tensions escalate as US and Houthis launch attacks
The US and Yemen’s Houthi rebels have launched fresh attacks amid growing concerns over the safety of Red Sea shipping routes.
Iran braces for surge in petrol demand as Nowruz holiday approaches
Iran’s state-run fuel distributor is gearing up for a sharp spike in petrol consumption as the country heads into the New Year holiday (Nowruz), with fuel use already picking up ahead of the peak travel season.
Despite ongoing Kurdish issues, Iraq makes export progress
Oil shipments from northern Iraq’s Kurdistan region are yet to resume but the Federal Iraqi government is making progress to expand its export capabilities
Nigeria’s domestic refineries struggle to compete with fuel imports
Foreign trade data compiled by the National Bureau of Statistics has shown that the cost of fuel imports increased significantly in Nigeria despite refineries coming back online in 2024.
Iranian petchem companies under fire for failing to return export proceedings
Iran’s petrochemical companies are being criticised by economic experts and the Central Bank of Iran (CBI) for failing to calm a hard currency crisis that has exacerbated the country’s inflation problem.
Saudi Aramco cuts crude prices for Asia
Saudi Aramco has reduced crude oil prices for Asian buyers for April following the decision by OPEC+ to increase oil supply this month, according to Arab News.
Nigerian's NMDPRA issues three refinery licences
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has issued licences to three oil companies for the construction of new refineries – expected to add around 140,000 barrels per day (bpd) to the country’s overall capacity.
Iran tightens refuelling at pump to curb smuggling
Iran’s Oil Ministry has rolled out stricter fuel purchase regulations at filling stations in a bid to crack down on the widespread smuggling of its heavily subsidised fuel to neighbouring countries.
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