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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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$19bn worth of opportunities await investors in Iranian refining Industry
The National Iranian Oil Refining and Distribution Co. announced $19bn worth of investment opportunities up for grabs in Iran’s refining sector.
Naturgy says gas supply contracts with Algeria unaffected by shareholding sales
Spanish natural gas firm Naturgy said supply contracts with Algeria include no clauses that would be affected by changes to its shareholding structure, amid talks with Abu Dhabi energy firm TAQA of a potential full takeover of Naturgy.
Jordan seeks resumption and renewal of Iraqi crude supply
Iraqi oil exports to Jordan were unexpectedly halted on April 22, amid political pressure from Iraqi MPs.
Iran engages more local knowledge-based firms in oil industry with new deals
The Iranian Oil Ministry and the scientific division of the presidential office have signed a string of deals worth $1.1bn with local knowledge-based companies to manufacture equipment needed by the petroleum industry.
UAE oil giant’s refining capacity soars, boosting crude exports
The United Arab Emirates’ largest oil company has ramped up the exports of its top-notch Murban crude oil after upgrading a major refinery.
Waltersmith plans oil terminal for fuel oil exports
Waltersmith Petroman Oil Ltd. has said that it plans to construct a new oil terminal to export fuel oil produced at its refinery in Imo State.
ADNOC leaves talks to buy stake in Braskem
The Abu Dhabi National Oil Company (ADNOC) has quit talks to purchase a stake in Brazilian petrochemical company Braskem from controlling company Novonor, according to a Braskem statement released May 6.
NECA calls for coordinated action on fuel scarcity – Nigeria
The Nigerian Employers’ Consultative Association has made calls for “urgent coordinated action” and “strategic interventions” to fix ongoing issues of fuel scarcity in the country.
Iraq to supply gas from Akkas to grid
The Iraqi Ministry of Oil has declared its collaboration with the Ministry of Electricity to enhance the national power supply by 1,640 MW, leveraging gas from domestic fields.
Shell to divest from downstream assets in South Africa
Shell is planning to divest from downstream assets in South Africa following an internal portfolio review, according to a statement released by the company on April 6, additionally confirmed by an interview with the Daily Maverick.
Ghana to limit taxes on LPG
Ghana’s National Petroleum Authority (NPA) is pushing to make liquefied petroleum gas (LPG) more accessible and affordable for customers around the country, planning to work with the Ministry of Finance to limit taxes on the fuel.
Aramco sticks with dividend increase despite drop in Q1 profit
Aramco has announced plans to significantly increase its dividend payments this year, despite experiencing a 14% decline in quarterly profits.
British oil & gas major Shell divesting from South Africa after 120-year presence
Shell said it has decided to divest its 72% shareholding from Shell Downstream South Africa (SDSA) after a "comprehensive review" of its businesses across all regions.
Iran to offer big incentives to methanol plants producing petrol
Iran’s Oil Ministry will give a 30% discount on the feedstocks for petrochemical plants involved in making petrol out of methanol, a union leader said.
Iran aims for €7.5bn in oil equipment exports
Iranian manufacturers are poised to ramp up exports of petroleum equipment by more than tenfold in the next two years, a union chief said on May 6.
Multibillion-dollar deals inked with petchem plants to make petrol, says senior Iranian MP
The Iranian Oil Ministry has sealed deals worth around $2.7bn with petrochemical plants to produce petrol, a senior lawmaker said, amid growing fuel shortages that are feared to burden the national budget with a deficit.
DMEA: NNPCL sued over missing oil revenue
Iraq has risen to second place in importing Iranian petrochemical products during the past month.
Aramco considers petrochemical JV with Rongsheng
Saudi Arabia continues to expand its downstream presence in China, partnering with local refiners in the process.
Iranian energy companies set to cooperate with African countries
Reza Noshadi, managing director of the Iranian Gas Engineering and Development Company (IGEDC), said on April 28 that the IGEDC and its 250 subsidiaries could meet the needs of African countries in various fields.
NNPCL sued over missing oil revenue
A local independent accountability watchdog, the Socioeconomic Rights and Accountability Project (SERAP), has taken the NNPCL to court, claiming the company has failed to remit billions worth of oil income to the state.
Gasoline shortages persist in Nigeria
Gasoline shortages have continued to plague major cities in Nigeria, causing rapid increases in prices since May 1 while worsening the country’s ongoing cost of living crisis.
SABIC aims for net zero by 2050
Saudi Arabia’s biggest chemical company Saudi Arabia Basic Industries Co. is moving to circular economy solutions in a bid to reach carbon neutrality by 2050
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