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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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Iran prepares for major plane fuel price hike
DMEA: Iraq signs loan agreement for Basra refinery project
Aramco, Rongsheng to develop Saudi petrochemical complex
Dangote looks to increase production at $20bn refinery
The owner of Dangote Refinery Aliko Dangote is engaged in discussions with development banks, oil traders and commercial lenders to obtain billions in a bid to increase production at the 650,000 barrels per day (bpd) plant, according to FT.
JBIC invests in Moroccan energy transition
Japan Bank for International Cooperation (JBIC) has signed a Memorandum of Understanding (MoU) with Morocco, bolstering cooperation between the two countries and aiding Morocco in its transition towards carbon neutrality.
Aramco begins construction of new petrochemical project in China
Saudi Arabia’s Saudi Aramco has commenced construction of a joint petrochemical facility in China along with project partners Sinopec and Fujian Petrochemical.
Iranian VP highlights need to hike petrol prices
Petrol is “cheaper than drinking water” in Iran, a presidential aide told state TV, saying that such low prices “cannot continue.”
Iraq signs loan agreement for Basra refinery project
A Japan International Cooperation Agency (JICA) loan agreement worth $388nm has been signed by Iraqi Finance Minister Taif Sami for the sixth phase of Iraq’s 210,000 barrel per day (bpd) Basra Refinery Development Project.
NNPCL spokesperson corrects false report
The Nigerian National Petroleum Company Ltd. (NNPCL) has called a news report a “misinterpretation of fact” after it claimed the company had stopped fuel imports and begun buying fuel from Dangote Refinery and other local plants.
Iraq renews agreement to supply heavy fuel oil to Lebanon, war losses hit $8bn plus
Iraq has renewed an agreement to supply Lebanon with heavy fuel oil to the end of January 2025, Walid Fayad, the acting minister of energy and water in Lebanon’s caretaker government, announced last week.
Ghana Gas saves $250mn, urges global investors to back local cylinder manufacturing drive
Saudi ACWA Power to build 2,000 MWh storage systems in Uzbekistan
Iran launches major renovation work at Kharg terminal
Iran's Oil Ministry has announced a significant renovation project for its key oil export terminal in the Persian Gulf
DMEA: MMG plans new biofuel facility in UAE
Iranians use ‘three times’ more power than Europeans
Iranian President Masoud Pezeshkian called on citizens to cut back on energy consumption, claiming that the country used “three times more electricity” than European nations.
Turkey continues to supply oil to Israel
This week, the Turkish Energy and Natural Resources Ministry released a written statement calling allegations that Turkey had shipped oil from the port of Ceyhan to Israel “completely unfounded”.
Mercantile & Maritime Group reveals new biofuel facility in UAE
The Mercantile & Maritime Group has unveiled a plan to expand its MENA Terminals facility in Fujairah alongside the launch of a £272.2bn biofuel processing plant.
Iran’s petchem giant in talks with 16 foreign firms for joint ventures
Iran’s largest petrochemical holding group, the Persian Gulf Petrochemical Industries Co. (PGPIC), has struck preliminary deals with 16 foreign companies, paving the way for greater international cooperation.
Gas shortage to take heavier toll on steel makers this year, union leader implies
The Iranian Oil Ministry has moved to restrict gas supplies to the steel industry earlier than usual this year, as a severe shortage bites amid a spike in domestic demand for gas ahead of winter, a union leader said.
Dangote talks fuel supply with eight African countries
Nigeria’s 650,000 barrels per day Dangote Refinery is currently in talks to supply gasoline to eight African countries, according to a recent report by Nigerian news outlet Punch.
NNPCL to develop 12 CNG stations and mini-LNG plants
The Nigerian National Petroleum Co. Ltd.’s (NNPCL) Group CEO Mele Kyari has revealed plans to develop 12 Compressed Natural Gas (CNG) stations, along with numerous mini-Liquefied Natural Gas (LNG) plants around Nigeria.
ERC announces $200mn expansion plan
Africa’s largest refinery Egyptian Refining Co. (ERC) – a subsidiary of Qalaa Holdings – has revealed that it will be investing $200mn into the second phase of its expansion project.
Iranian government permits high-octane petrol imports at free market rate
Iran has lifted restrictions on the imports of high-octane petrol as part of efforts to reform heavily subsidized fuel handouts amid a growing shortage.
Planned outages due to liquid fuel shortage, Iranian parl. center says
Iran's Parliamentary Research Centre (PRC) has attributed the country's nationwide power outages to a shortage of gas and liquid fuels for thermal power plants (TPPs).
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