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Nigeria increases crude exports to US following technical issues at Dangote refinery
Nigeria has increased its crude exports to the US to 364,000 barrels per day from 358,000 bpd following a reduction of daily fuel production at 650,000 bpd Dangote refinery between April and May.
Iraqi-US relations sour following deal with Kurdistan Regional Government
Iraq’s position on the US oil sector investment has soured, with the country filing a lawsuit on May 26 that accused the US government of allowing companies under its control to agree to oil exploration and production deals directly with the KRG.
Jordan’s LPG firm signs $22mn deal with Egypt’s Petrojet to build gas storage facilities in Aqaba
World Bank urges Kenya to impose carbon tax on imported fuels
The World Bank has urged the Kenyan government to introduce a carbon tax on imported fuels, estimating it could raise up to KES40.5bn ($312.98mn) annually.
Iran boosts oil refining capacity by 7%, Abadan refinery leads growth
Iran has increased its domestic oil refining capacity by more than 7%, reaching 2.4mn barrels per day, a senior official at the National Iranian Oil Refining and Distribution Co. (NIORDC) said.
Israeli Nitzana gas pipeline to Egypt delayed until H1 2028 amid cost-sharing disputes
The launch of the Nitzana pipeline, expected to export 600mn cubic feet per day (cfd) of natural gas from Israel to Egypt, has been delayed to H1 2028.
BLOG: Is South Africa’s energy crisis here to stay?
South Africa, often hailed as the continent’s most advanced economy, presents a paradox that continues to baffle observers: how can a country with such industrial muscle be plunged so deep into an energy crisis?
Dangote Group signs MoU with Bayelsa government for gas, seaport and agriculture projects
The Dangote Group has signed a memorandum of understanding with the Bayelsa State government to invest in gas infrastructure, seaport development and agricultural initiatives.
Aramco taps debt markets amid oil price pressures
Saudi Aramco raised $5bn last week through its first dollar-denominated bond sale of the year
South African fuel imports continue to rise
South African state-owned logistics company Transnet SOC Ltd has revealed that 60% of the country’s fuel demand is now met by imports, with around 49% of domestic refining capacity lying dormant due to underinvestment and accidents.
South Africa faces crude oil supply crisis as Sasol’s refinery warns of possible closure
South Africa is facing a mounting crude oil supply crisis, with serious implications for its energy security. At the heart of the issue is the financial strain on the Natref refinery in Sasolburg.
Saudi Aramco plans to sell assets to raise cash for expansion and operations
Unnamed sources told Reuters this week that Saudi Aramco was planning to potentially sell assets to raise cash for international expansion and existing operations.
Dangote, NPA plan to expand Nigerian port operations
The Nigerian Ports Authority (NPA) and Dangote Industries Ltd. (DIL) have joined forces to expand the operational capacity of Nigeria’s maritime economy with the goal of increasing export capacity.
Nigeria's Port Harcourt refinery closes for 30 days
Nigeria’s 210,000 barrels per day (bpd) Port Harcourt Refining Complex (PHRC) has been shut down for 30 days by the Nigerian National Petroleum Co. Ltd. (NNPCL) to carry out scheduled maintenance.
Iran advances flare gas recovery projects to save billions in losses
Iran is pressing ahead with a large-scale plan to put an end to the flaring of associated petroleum gas, with several major collection projects now gathering pace, a senior oil official.
Iranian firms to join OPEC funded projects despite loan restrictions
Iranian companies are set to take part in development projects backed by the OPEC Fund for International Development through the export of technical and engineering services, officials said.
Egypt plans to sign 13-15 petroleum agreements in H2 2025
Egypt’s Ministry of Petroleum is preparing between 13 and 15 new petroleum concession agreements to be signed during H2 of 2025, Economy Plus reported on May 27.
South Africa proposes buying LNG from US as part of bilateral trade deal
South Africa has offered to buy liquefied natural gas (LNG) from the United States over a 10-year period as part of proposals to secure a trade deal, according to a ministerial statement posted on the government news agency SA News' website.
Sweden’s Jord secures 300 hectares for flagship biofuel venture in Senegal
Swedish renewable energy company Jord AB has secured 300 hectares of land in southern Senegal to launch a major biofuel project aimed at advancing rural development and supporting the country’s renewable energy goals.
Canada’s clean energy tech Borna Membrane Solutions builds $40mn factory in Egypt
Canada’s clean energy tech Borna Membrane Solutions (BMS) plans to establish a $40mn factory in Egypt to will produce flare gas recovery systems, carbon separators, and technology for reinjecting recovered gases into Egypt’s natural gas grid.
South Africa’s Transnet signs $233mn settlement with Sasol over oil pipeline tariff dispute
South Africa’s chemicals and energy company Sasol and state-owned logistics utility Transnet have settled long-running disputes over crude oil pipeline tariffs.
Egypt receives 14 offers to supply liquefied natural gas to up to three years
The state-owned Egyptian Natural Gas Holding Company (EGAS) has received 14 offers to supply liquefied natural gas (LNG) for periods ranging from 18 months to 3 years, Economy Plus reported on May 25.
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