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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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Port Harcourt Refinery set to fully reopen in August
The Port Harcourt Refinery, one of Nigeria’s key oil processing facilities, is set to become fully operational this month.
Nigeria Senate criticises $1.5bn expenditure on Port Harcourt Refinery for lack of visible results
Swiss conglomerate Glencore invests $175mn in rebuilding oil refinery, takes $611mn coal impairments in South Africa
Swiss commodity multinational Glencore suffered $611mn in impairments related to its coal business in South Africa in the first half of 2024 due to export logistics challenges that have afflicted the economy for years.
Iran’s petrochemical sector spared from power cuts but steel industry hit badly
Iran’s petrochemical industry has been largely spared from power outages during the summer peak while the steel industry has borne the brunt, with production taking a nosedive, according to a union leader and official data.
Wrong policies blamed for Iran’s ‘mega’ energy crisis
An Iranian union leader on August 7 blamed “wrong” government policies for Iran’s widening petrol deficit which is part of what a lawmaker called a “mega” energy crisis.
Aramco becomes majority shareholder in Petro Rabigh
Saudi Aramco has signed a definitive agreement worth $702mn to purchase a 22.5% stake in an integrated refining and petrochemical complex named Rabigh Refining and Petrochemical Co. from Sumitomo Chemical.
Angola continues to push for energy security
Angola’s three new domestic refineries are nearing completion, and are set to increase the country’s refining capacity to around 400,000 barrels per day.
NNPCL exports new crude grade to Spain
The Nigerian National Petroleum Co. Ltd. announced on August 5 that it had launched Utapate – a new crude oil grade – into the international market with Spain as its first buyer.
Iran’s petchem exports to rise 17% this year, a NIPC official says
Iran’s exports of petrochemical products are to grow by 17% this Persian calendar year, which started on March 20, 2025, a senior official at the National Iranian Petrochemical Co. said.
Iran hosts petrochemical forum
Iran recently opened its 15th Iran Petrochemical Forum on August 4, seeing around 70 domestic and foreign companies – as well as their representatives – take part.
Civil society organisations to monitor NNPCL’s crude sale compliance
Nigerian civil society organisations have revealed that they will be monitoring the Nigerian National Petroleum Co. Ltd’s compliance in its crude sales to the country’s 650,000 barrels per day Dangote refinery.
Nigeria losing $1,000 per barrel of oil produced, says expert
Nigeria is experiencing substantial financial losses in its crude oil exports, with an estimated $1,000 lost per barrel, the Institute for Energy and Extractive Industry Law has said.
Tanzania secures $1.2bn deal to achieve fertiliser self-sufficiency
Tanzania is set to achieve fertiliser self-sufficiency following a landmark $1.2bn agreement with Indonesian firm ESSA Industries.
DMEA: Saudi importing fuel oil from Kuwait
Iran needs to reform energy consumption, pricing to save its economy
Over the past three decades, the privatisation of industries like petrochemicals, oil refineries, steel, cement and mining has really taken its toll on the Iranian government, leaving it cash-strapped and deprived of revenues from these sectors.
HOSTCOM calls for end to Nigerian fuel imports
The Host Communities of Nigeria Producing Oil and Gas has demanded the government end fuel imports
Saudi Aramco to keep August term LPG CPs stable
Saudi Aramco is expected to release term contract prices (CPs) for LPG loading in August, with Asian buyers anticipating these to remain unchanged from July at $585 per metric tonne for propane and $565 per metric tonne for butane.
UAE fuel prices rise for August
The following prices are as listed. Diesel: AED 2.95 ($0.80) per litre, Super 98 petrol: AED 3.05 ($0.83) per litre, Special 95 petrol: AED 2.93 ($0.80) per litre, E-Plus 91 petrol: AED 2.86 ($0.78) per litre.
Houthis attack tankers carrying Russian oil
Yemen’s Houthi rebels have started to launch attacks on tankers carrying Russian cargo – especially if the vessels have visited an Israeli port before transiting the Red Sea, according to a new report released by the Washington Institute.
Saudi Arabia begins importing fuel oil from Kuwait
Saudi Arabia has turned to Kuwait to help meet peak summer power demand, importing fuel oil from the country for the first time since May 2022.
Iran exports $3.39bn worth of petchem products in June
The secretary of Iran's Association of Petrochemical Industry Co. Ahmad Mahdavi said on July 29 that that Iran had earned $3.39bn from exporting petrochemical products over the course of three months.
Iran’s petchem exports at 7.7mn tonnes in four months, union leader says
Iran exported more than 7.7mn tonnes of petrochemical products, worth $3.39bn, in the first quarter the Persian calendar year that started March 20, a union leader said.
Aramco signs preliminary deal for Jafurah plants
Aramco has signed a deal for the development of gas compression plants at Jafurah
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