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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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Nigeria saves $7.5bn due to fuel subsidy removal
The Nigerian government has announced that it is saving $7.5bn a year from funds previously used for fuel subsidies after the policy’s removal.
Tinubu’s administration projects Nigeria to save $7.5bn annually from fuel subsidy removal
US sanctions on Gazprombank put $200mn South African gas-to-liquids project in difficult position
US sanctions on Russia's Gazprombank announced on November 21 are likely to negatively affect a planned $204mn project to revive a gas-to-liquids plant in South Africa, as per local media reports.
Tenders for $25bn Nigeria-Morocco gas pipeline expected in 2025
West African Gas Pipeline undergoes critical maintenance as inspection begins
The West African Gas Pipeline Company Limited (WAPCo) will on Monday, November 25, begin a major cleaning and inspection of the West African Gas Pipeline (WAGP), an official statement said.
KPC head outlines spending plans to boost oil output
KPC plans to invest $33bn over the next five years to expand oil production capacity
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.
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