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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 set to hold IPO for Persian Gulf Star Refinery
Iran has announced that it plans to list shares of the Persian Gulf Star Refinery (PGSR) in a bid to increase flows of liquidity into the facility.
CJ Logistics completes operation in Iraq
South Korean logistics company CJ Logistics revealed on August 12 that it had completed a project logistics operation in Iraq through its Middle Eastern subsidiary CJ ICM, moving 1.1mn tonnes of heavy cargo for oil refining facilities.
KPC opens trading office as merger momentum builds
The state-owned Kuwait Petroleum Corp. has become the latest Gulf NOC to expand its global trading footprint, opening a new trading hub in Dubai.
Shell, BP to support operational costs at Sapref refinery following sale
Shell and BP are set to pay $15mn to South Africa’s state-run Central Energy Fund to support operational costs at the 180,000 barrels per day Sapref refinery – a plant that is currently being sold by the two oil majors.
Kurdistan's regional government closes illegal refineries over environmental concerns
Iraq’s Erbil province – located in the country’s Kurdistan region – has shut down around 125 illegal refineries over two days (August 11 and 12), authorised by the region’s governor, Omed Khoshnaw.
Nigeria's Dangote Refinery laments crude oil shortages as NUPRC fails to enforce supply regulations
Natural gas producer Orca Energy to claim $1.2bn in contractual dispute with Tanzania and TPDC
DMEA: Aramco becomes majority shareholder in Petro Rabigh
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.
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