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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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DMEA: NNPCL searches for operators to run Port Harcourt refinery
Petrol prices to go up by 20% next year, Iranian MP says
An Iranian lawmaker said petrol prices would soar by up to 20% next Persian calendar year starting on March 21.
Saudi Aramco signs fresh agreements with Chinese petrochemical majors
Saudi Aramco has signed additional agreements with Chinese petrochemical majors Rongsheng Petrochemical and Hengli Group as part of a push to further cooperation in the Chinese and Saudi Arabian petrochemical sectors.
Dangote Refinery to deliver 75% of petroleum products via sea routes
Dangote Refinery has announced that it will be transporting 75% of its local petroleum product supply via sea routes instead of road networks due to the high costs associated with transporting products over road and issues with traffic congestion.
SAR, Sedin Engineering to construct new refinery and petchem plant in Senegal
Senegal’s Société Africaine de Raffinage (SAR) has signed a protocol agreement with China National Engineering subsidiary Sedin Engineering for the construction of a new refinery and petrochemical plant in the country.
NNPCL searches for operators to run Port Harcourt refinery
The Nigerian National Petroleum Co. Ltd. (NNPCL) has officially tendered for operators of its 210,000 barrels per day (bpd) Port Harcourt refinery – according to a statement released by the company on September 16.
Iranian petchem giant among top 20 firms worldwide
The Persian Gulf Petrochemical Industries Co. (PGPIC), Iran's largest petrochemical holding group, has made history within the Iranian petrochemical industry by breaking into the top 20 chemical firms worldwide.
Saudi Maaden to acquire SABIC's stake in Alba for SAR3.9bn
Dangote Refinery gasoline set to cost more than imported fuel
Gasoline produced at the Dangote Oil Refinery in Nigeria will not be cheaper than imported fuel, the Nigerian National Petroleum Company Ltd (NNPCL) has announced.
Iran produces low-quality petrol to make up for fuel shortage, leading refinery says
The Persian Gulf Star Oil Co. (PGSOC), Iran’s main vehicle fuel supplier, has been forced to make low-quality cheap petrol despite having the ability to roll out high-octane fuel, said the CEO of a state-run investment firm that owns the refinery.
Iran to set up its first green polymer plants in Persian Gulf
Iran is set to build two eco-friendly petrochemical plants as its first industrial units, churning out biodegradable polymers on Qeshm Island in the heart of the Persian Gulf.
DMEA: Egypt reviews WEPCO, Bapetco performance, discusses Hamra terminal expansion
NNPCL refuses to buy gasoline from Dangote refinery
The Nigerian National Petroleum Co. Ltd.’s (NNPCL) spokesperson Olufemi Soneye said last week that the company would not be purchasing fuel produced by 650,000 barrels per day (bpd) Dangote Refinery.
Petchem output, export set to rise, Iranian deputy oil minister says
Iran's petrochemical sector is poised for a significant boost in production and export this year, Deputy Oil Minister Morteza Shahmirzaei said.
Iraqi oil exports to US increase alongside budget issues
Iraq’s weekly oil exports to the United States have increased as of last week – according to an announcement made by the US Energy Information Administration (EIA) on Sunday.
Iran continues to increase petrochemical capacity
The head of Iran’s National Petrochemical Co. (NPC) Morteza Shahmirzaei announced on Monday that five major petrochemical projects had started operations since the beginning of 2024.
Egypt reviews WEPCO, Bapetco performance, discusses Hamra terminal expansion
Egypt’s petroleum minister Karim Badawi has met with two of the country’s petroleum companies to review their performance over the 2023/2024 fiscal year.
Methanex, Egypt meet to discuss methanol production
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with the Senior Vice President of Corporate Resources Brad Boyd at Canadian-based Methanex Co. on Sunday to discuss production rates of methanol in Egypt.
Iranian pump owners' union says fuel smuggling is systematic
The spokesperson for Iran's Fuel Stations Union said that 25mn litres of petrol were smuggled out of the country every single day in a wholesale and systematic way involving “hundreds of road tankers.”
ADNOC buys stake in ExxonMobil's Baytown project
Abu Dhabi National Oil Co. (ADNOC) has signed an agreement to acquire a 35% equity stake in ExxonMobil’s proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas.
Iran's parliament seeks to reform petrol rationing based on ID numbers
Iran’s parliament has drafted a bill to allocate a monthly petrol quota to each citizen with a national identification number, scrapping the current rationing system that doles out fuel to each car.
Jordan contracts FSU from BW Group for 10 years
Iranian VP calls vehicle fuel subsidies senseless amid growing shortages
The mismatch between petrol production and consumption in Iran has widened to a daily deficit of 30mn litres, First Vice President Mohammadreza Aref said as he called heavy fuel subsidies senseless.
Iran’s VP raps vulnerability of fuel pumps in face of cyberattacks
Iran’s First Vice President Mohammadreza Aref criticised the former oil minister for failing to thwart two cyberattacks that paralyzed petrol stations nationwide, accusing Javad Owji of “negligence.”
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