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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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Methane emissions from the energy sector increased in 2023
The International Energy Agency estimates that in 2023, nearly 120mn tonnes of methane emissions stemmed from the production and utilisation of fossil fuels, slightly higher than in 2022.
Port Harcourt to commence operations in two weeks, says Mele Kyari
CEO of the NNPCL Mele Kyari has said that the importation of refined petroleum products in Nigeria will stop this year.
Iranian petrochemical exports set to increase in 2024
Iranian petrochemical exports are set to increase by 1.5mn tonnes in 2024 surpassing previous figures, according to the head of Iran’s National Petrochemical Co. Morteza Shahmirzaei.
GECF strikes bullish tone on gas demand growth
The Gas Exporting Countries’ Forum (GECF) has come out with a bullish prediction that consumption of the fuel will surge by 34% by the middle of the century.
SOCAR's total investments in Turkish Petkim petrochemical complex amounted to $1.7bn
SOCAR Turkey Enerji has invested $1.7bn in the development of the Turkish petrochemical complex Petkim Petrokimya Holding, Elchin Ibadov, General Director of SOCAR Turkiye Enerji (SOCAR’s Turkish subsidiary) said in an interview.
Sonangol awards Lobito project management deal to KBR
US-based engineering company KBR announced in a March 14 press release that it had been awarded a project management contract by Sonagol for the design and construction of Angola’s planned 200,000 barrels per day (bpd) Lobito refinery in Benguela.
Nigeria is largest importer of European refined petrol in Africa – S&P
S&P Global Commodity Insights analysts have said that Nigeria has become Africa’s largest importer of European refined petrol as shipments from the continent to Africa increase.
Riyadh engages Wall Street for Aramco share sale
Saudi Arabia is in active discussions with major Wall Street banks for a significant share sale of Saudi Aramco, to support the Kingdom's ambition to diversify its economy and strengthen its position on the global financial stage.
Aramco eyes more global investments
CEO of Saudi Aramco Amin Nasser said on March 9 that the company was looking for new opportunities to invest in China due to growing oil demand in the country, as well as investing in liquefied natural gas and petrochemicals.
Iran braces for petrol consumption upsurge during Nowruz
Iran is gearing up for a sharp rise in petrol consumption during the upcoming New Year holiday (Nowruz), amid a new record high in fuel use rates.
Saudi Aramco to reduce supply of oil to China, India
Saudi Aramco is set to reduce its supply of crude oil to customers in China and India due to upcoming oilfield maintenance, according to comments made by five sources on March 11.
Second shipment of US WTI to arrive at Dangote Refinery in March
A second batch of US West Texas Intermediate crude oil is set to arrive at Nigeria’s 650,000 barrel per day refinery on March 13, according to Kpler data.
Pipeline and tanker to support Iraqi export efforts
Despite ongoing output restraint among members of the OPEC+ group, Iraq continues to invest in expanding its crude export capabilities from its southern ports.
Borouge 4 to be completed by end of 2025
Abu Dhabi-based petrochemicals manufacturer Borouge has said that its $6.2bn Borouge 4 project is “on track” to being completed by the end of 2025.
Iran’s petchem exports slide 29% in past 11 months
Aramco doubles down on gas push as dividends soar
As Aramco decides what to do with another bumper set of financial results, LNG investment opportunities are on the table.
Iraq completes work on northern pipeline
Iraq’s state Oil Pipelines Co. (OPC) announced this weekend that it the completion of rehabilitation works on the Baiji-Kirkuk oil products pipeline.
Aramco purchases Esmax in Chile
Aramco’s purchase of Esmax from private equity firm Southern Cross group – the value of which remains undisclosed – will allow it to secure new outlets for its refined oil products, according to a statement made on March 1.
Turkish oil terminal refuses imports of Russian oil
Turkey’s Dortyol oil terminal – located in the Mediterranean Sea – has stopped accepting Russian oil as pressure from US sanctions increases.
TotalEnergies and Bapco Energies to work together in petroleum products trading
Shaikh Nasser bin Hamad Al Khalifa, Representative of the King of Bahrain for Humanitarian Works and Youth Affairs and chairman of Bapco Energies (Bapco), met with CEO of TotalEnergies (Total) Patrick Pouyanne and CEO of Bapco Energies Mark Thomas.
Iranian LPG exports surge despite sanctions
Iran has continued to defy expectations by exporting significant amounts of liquefied petroleum gas despite US sanctions – showing that Washington is struggling to keep a lid on the Islamic Republic’s sales.
Nigeria launches airstrikes on illegal refineries
Director, Public Relations and Information, Nigerian Air Force (NAF) Edward Gabkwet said in a statement on March 3 that the NAF had destroyed two illegal refineries as well as some boats in an airstrike conducted March 1.
Iran confiscates US oil by court ruling in sanctions case
Iran confiscated $50mn worth of American crude from a tanker seized last year by order of a Tehran court.
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