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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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Iraq and Jordan renew and extend supply MoU
Iraq and Jordan have extended their bilateral crude oil supply deal until mid-2025
South Africa moves to boost refining capacity
South Africa’s Astron Energy has confirmed it is committed to improving the country’s refining capacity following years of declining supply due to numerous changes in the industry.
Logistic costs to make petrol more expensive in Uganda than Kenya.
In a significant development affecting fuel pricing dynamics between Uganda and Kenya, discrepancies in pipeline and logistics costs have emerged, complicating Uganda's efforts to achieve cheaper oil imports by bypassing Kenya.
Petroleum minister insists Port Harcourt nearing its final phase
Nigerian Minister of Petroleum Resources Heineken Lokpobiri has insisted that the rehabilitation of the country’s 210,000 barrel per day Port Harcourt refinery is nearly at its final phase.
NNPCL has stake in Dangote reduced to 7.2%
The Nigerian National Petroleum Co. Ltd (NNPCL) has had its 20% stake in the country’s 650,000 barrel per day Dangote refinery reduced to 7.2% over a non-payment – according to Dangote Group CEO Aliko Dangote.
Fertiglobe set to supply renewable ammonia to Europe
UAE-based petrochemicals company Fertiglobe has won a contract to supply 397,000 tonnes of renewable ammonia to the European Union by 2033.
BP joins Egyptian green hydrogen consortium
British Petroleum has entered into a joint development agreement to potentially develop a multi-phase green hydrogen project in Egypt along with existing consortium members Masdar, Infinity Power and Hassan Allam Utilities.
AEW 2024 to host country-specific sessions for investment opportunities across Africa
The upcoming African Energy Week (AEW): Invest in African Energy conference, Africa’s premier event for the energy sector, will take place from November 4-8 in Cape Town, South Africa.
BP: oil demand and emissions will peak in 2025
Oil super major BP's latest outlook on global energy trends suggests a potential peak in worldwide oil demand as early as next year, a development that could mark a significant turning point in global carbon emissions by 2025.
Global oil supply to continue outstripping demand in H2: IEA
Global oil demand in the second half of this year will be higher than supply, putting upward pressure on prices.
Jordan seeking to renew Iraqi crude supply deal
Jordanian Minister of Energy and Mineral Resources Saleh Kharbsheh was quoted by state media this week as saying that negotiations are underway with Iraq to renew a memorandum of understanding for crude supplies.
Sri Lanka pays off $60nm of oil debt to Iran with tea exports
Cash-strapped Sri Lanka has cleared $60nm of its $251 debt to Iran for oil purchases through exporting tea to the Middle Eastern nation.
The world needs $8.2 trillion in upstream gas investment to meet demand in 2050: GECF
Meeting projected global demand for natural gas in 2050 will require some $8.2 trillion in investment in exploration and production.
Glencore's South African unit Astron Energy finalising work to restart 100,000 bpd refinery
Astron Energy (Astron), owned by global commodities giant Glencore, has committed to restarting its oil refinery in South Africa.
Nigeria's NUPRC reaches oil supply deal, ending dispute with producers
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has reached a deal with oil producers to allow the sale of crude oil to local refineries at market prices.
SABIC Agri-Nutrients to construct blue ammonia plant in Jubail
SABIC Agi-Nutrients is on the cusp of constructing a brand-new blue ammonia plant
Israeli Ministry clears Leviathan for increase in gas exports
Israel’s Energy Minister Elie Cohen has given approval to the partners in the offshore Leviathan gas field to boost exports.
Security firm claims 90% of Nigerian diesel supplied by illegal refineries
A Nigerian private security service has alleged that more than 90% of the country’s diesel is supplied by illegal refineries operating in the Delta region.
NPA CEO says Cylinder Recirculation Model creates jobs and opportunities
The CEO of Ghana’s National Petroleum Authority (NPA) Mustapha Abdul-Hamid said on July 7 that the country’s Cylinder Recirculation Model (CRM) has allowed entrepreneurs to invest in the liquefied petroleum gas (LPG) distribution chain.
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