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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 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
DMEA: Hodeidah oil terminal bombed by Israeli jets
Oman announces plans for new LNG train
Oman’s Minister of Energy and Minerals announced this week that the country will add a fourth train at its key LNG export facility at Qalhat Industrial Complex south of Muscat.
Aramco purchases 50% stake in Blue Hydrogen Industrial Gases Co.
Aramco is set to acquire a 50% stake in Air Products Qudra subsidiary Jubail-based Blue Hydrogen Industrial Gases Company following the signing of multiple definitive agreements.
Three banks exit Kenyan oil import deal
Three Kenyan banks have left a monthly government oil deal worth $500mn with two Gulf states due to increasing competition involving sending letters of credit to local importers.
Ghana’s LPG Marketers Association says it does not oppose CRM
Ghana’s Liquefied Petroleum Gas (LPG) Marketing Companies Association has said that it is not opposed to the implementation of the National Petroleum Authority’s (NPA) Cylinder Recirculation Model (CRM).
Hodeidah oil terminal bombed by Israeli jets
Yemen’s Hodeidah oil products terminal was bombed on July 21 by Israeli aircraft in response to a July 19 drone attack conducted by Iran-backed Houthi rebels on Tel Aviv.
Aliko Dangote says he may give up control of 650,000 bpd refinery
Aliko Dangote has revealed his frustrations with Nigerian regulatory bodies and the NNPCL
Iran producing all petroleum catalysts, says deputy oil minister
Iran has achieved its goal of mass-producing all the catalysts needed for the petroleum industry under a three-year plan, Deputy Oil Minister for Petrochemicals Morteza Shahmirzaei said.
Annual petrol usage to surge by 3.7bn litres, says Iranian deputy oil minister
The skyward trend in petrol consumption continues to grow with a deputy oil minister warning that the rate could soar by about 9% in the current Persian calendar year that started on March 20.
Nigeria's Dangote Refinery turns to Libya for crude oil amid domestic supply challenges
The plant, located in the Lekki Free Zone near Lagos, currently produces about 50% of its 650,000 bpd installed capacity and is looking to reach the 60% mark by September and 85% mark before 2025.
Iraq and Jordan renew and extend supply MoU
Iraq and Jordan have extended their bilateral crude oil supply deal until mid-2025
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