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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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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.
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that Iraq will harness the natural gas resources of the Kurdistan Region after a waiver allowing imports from Iran was rescinded.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.
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