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Quarter of Iran’s petchem capacity ‘idle’ due to gas shortage, top official says
Iran’s petrochemical sector is grappling with a severe shortfall in feedstock (natural gas), which has left 23mn tonnes of production capacity “idle” this year, the head of the National Iranian Petrochemical Co. said.
US pushes Iraq to use Kurdish gas after rescinding waiver
The US State Department has expressed hopes that Iraq will harness the natural gas resources of the Kurdistan Region after a waiver allowing imports from Iran was rescinded.
UAE continues LPG awareness campaign
The Abu Dhabi Department of Energy this week launched the second phase of a public awareness campaign designed to inform users about safe and responsible use of liquefied petroleum gas.
Oman, Pakistan discuss petchem trade
Oman’s Consul General Sami Abdullah Salim Al Khanjari has offered an invitation to Pakistan’s business community to search for potential investment opportunities with Oman – with a particular focus on the country’s petrochemical sector.
Zambia looks to billionaire Aliko Dangote's oil refinery to ease supply ahead of key election in 2026
Zambia plans to procure oil from Nigeria to diversify its sources and stabilise prices.
Turkish branches of SOCAR and Siemens complete major modernisation of energy infrastructure on Petkim’s “petrochemical peninsula”
SOCAR Turkiye and Siemens Turkiye have completed a major project to modernise the energy infrastructure of the Petkim complex on the Aliaga “petrochemical peninsula” near Izmir. More than 500 specialists worked on the investment.
Iran’s petchem exports stagnate amid sanctions
Iran’s petrochemical exports have flatlined over the past 11 months, reaching around $12bn, almost on par with last year’s figures, Hassan Abbaszadeh, the chief executive of the National Iranian Petrochemical Co.
Nigerian refinery Dangote secures first Algerian crude shipment of 1mn barrels amid supply shortfall
More talks anticipated amid push to resume Kurdish exports
The governments of Federal Iraq and the Kurdistan Region continue to discuss the resumption of exports amid new deals and growing interest.
Iran’s non-oil exports up 19% in 11 months
Uganda, Tanzania push to dismiss lawsuit against EACOP pipeline
Nigeria’s Dangote Refinery expected to achieve full capacity in March
President and CEO of Dangote Group Aliko Dangote said this week that his 650,000 barrel per day refinery was currently holding more than 500mn litres of petrol in its reservoir, according to Punch.
Consortium to construct $7bn petchem complex in Egypt
UK-based wealth and asset manager Shard Capital Partners revealed on February 21 that a proposed $7bn petrochemical complex in Egypt’s New Alamein City was expected to produce 3.1mn tonnes per year of eight specialised products.
Trump launches fresh sanctions on Iranian oil industry
The US has introduced yet more sanctions on Iran’s oil industry, targeting around 30 brokers, shipping companies and tanker operations on February 24 for selling Iranian petroleum, according to Reuters.
Iran’s filling stations to set up solar panels in push for clean energy
Iran’s fuel stations are set plans to install solar panels to generate clean energy, the country’s Fuel Stations Union said, amid a chronic power shortage that has badly affected the economy.
Shipping companies fight against biofuel regulations
Offshore Energy reported this week that numerous shipping companies had called on the International Maritime Organization to remove “unsustainable” biofuels from its list of alternative fuel sources.
Global LNG demand to surge 60% by 2040 on Asian economic growth
Global demand for LNG is expected to rise by around 60% by 2040, driven by economic growth in Asia, emissions reductions in heavy industry and transport and the increasing energy requirements of AI.
Iran misses annual petchem output target despite slight growth
Iran’s annual petrochemical production capacity climbed to nearly 100mn tonnes, a senior industry official said, a figure that falls short of the country’s target for the current Persian calendar year that ends on March 20.
West Africa Gas Pipeline eyes expansion amid maintenance works
INTERVIEW: Integrating AI with data and experience
AI is rapidly gaining traction in the oil, gas, and renewable energy sectors, as companies seek cost reductions, emissions control and safety improvements.
Iran can overcome petrol deficit via CNG development, union leader says
An Iranian union leader proposed that the government set aside 10% of its petrol import budget to develop the country’s compressed natural gas (CNG) sector, arguing that this move could eliminate fuel shortages.
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