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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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Dangote helps Nigeria cut down on jet fuel imports
Nigeria’s 650,000 barrels per day (bpd) Dangote Refinery has cut aviation fuel imports down to 5,000 bpd this year from 13,000 in 2023, according to a report by Energy Intelligence.
South Africa continues to fund fuel subsidy with oil stockpiles
Bloomberg revealed this week that South Africa is still selling oil from its strategic stockpiles to insulate its citizens from spikes in fuel prices – continuing a policy that was first introduced in 2022.
Iran moves to contain oil spill off Kharg Island
Iranian authorities have been battling to contain an oil spill that occurred on October 17, 6.4 km from its main crude oil export terminal on Kharg Island, according to a report made by Iranian media outlet IRNA.
President of CAPS committee to speak on investment opportunities in Central Africa at AEW2024
ADNOC expands gas infrastructure with major investments
ADNOC expands gas infrastructure with major investments
Nigeria halts exports of domestically produced LPG
Nigeria’s Federal Government has moved to ban the export of domestically produced Liquefied Petroleum Gas (LPG) due to the commodity’s high price tag.
ECOWAS advances African Atlantic Gas Pipeline project
South African government sells strategic oil reserves to fund fuel levy cut from two years ago
Annual output to grow 16% at Iranian petchem giant, says CEO
Production at the Persian Gulf Petrochemical Industries Co. (PGPIC), Iran's largest petrochemical holding group, is expected to climb by 16% by the end of the current Persian calendar year (March 20, 2025), the company’s CEO said.
Vietnam keen to import Iranian polymer, plastic products, says Iran envoy
Iranian Ambassador to Vietnam Ali-Akbar Nazari said the Southeast Asian country was keen to import Iranian petrochemical products due to their high quality and low prices.
ADNOC making progress on Fujairah export capacity
ADNOC is making progress on a pipeline to raise crude exports via Fujairah
Iran using Jask amid concerns about Kharg
Tankers have been spotted loading cargoes of heavy crude at Iran’s Jask Oil Terminal
DMEA: Aramco cancels refining projects, shifts focus to Asia
Tinubu orders review of fuel transport safety
Nigerian authorities have announced plans to review gasoline transportation safety protocols following a deadly tanker accident in Jigawa State that claimed the lives of more than 140 people.
Aliko Dangote’s net worth soars to $28bn after refinery launch
Aliko Dangote, the Nigerian billionaire and CEO of Dangote Refinery, has seen his net worth soar to $28bn following the launch of his oil refinery.
Israeli threats impact Iranian oil exports
Iran’s oil exports have decreased by 42% since the start of October following Israeli threats to strike the country’s oil infrastructure, according to Oil&Gas.
Iranian fuel distributor claims to have narrowed petrol deficit to 1mn litres
Iran's state-run fuel distributor said that it had managed to whittle down the daily petrol shortage by increasing domestic production, bringing it down to 1mn litres.
IPMAN continues talks with Dangote Refinery
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that there is a sense of uncertainty over the start of gasoline offtake from Dangote Refinery, with the group continuing discussions with the refinery’s management.
Foreign companies take over Dangote product transportation
Nigerian ship owners have revealed that they are not part of plans by Dangote Refinery to transport 75% of domestically produced petroleum products and petrochemicals to foreign buyers.
US introduces additional sanctions on Iran
The US has unleashed fresh sanctions on numerous companies associated with Iran’s oil and petrochemical sectors following Tehran’s attack on Israel on October 1.
Aramco cancels refining projects, shifts focus to Asia
Saudi Aramco has revealed that it has halted plans to move forward with a refinery and chemicals project in Saudi Arabia and is also reviewing three more as it continues to focus on expanding its presence in Asia, according to Bloomberg.
Several injured after fire hits refinery in Iran’s Khuzestan
A fire broke out at the small Pars Petro Shushtar refinery in Iran’s oil-rich Khuzestan Province on October 15, leaving six people injured.
Iran launching energy saving drive to halve consumption by 2041
Iran aims to salvage millions of barrels of crude oil and billions of dollars by implementing short-, medium- and long-term energy saving measures and optimising fuel consumption, the CEO of the state-owned Iran Fuel Conservation Co. (IFCC) said.
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