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Iran needs $26bn to meet petchem targets, deputy oil minister says
Iran requires around $26bn in fresh investment to achieve its petrochemical development goals under the country’s Seventh Development Plan (SDP), Deputy Oil Minister for Petrochemicals Hassan Abbaszadeh said on October 27.
Nigeria’s CBN disbursed $1.26bn to oil importers in 1Q as local refining remains limited
Nigeria's central bank disbursed $1.26bn in January through March to oil-sector operators for petroleum imports owing to limited local refining capacity despite output from the Dangote Refinery and test operations at NNPCL's Port Harcourt plant.
Tanzania plans $420mn gas-to-liquid plant with Canada’s Rocky Mountain Clean Fuels
Canadian company Rocky Mountain Clean Fuels has completed a feasibility study for a $420mn gas-to-liquid (GTL) plant in Tanzania that will produce diesel, jet fuel, and other petroleum products locally.
Energean signs 15-year deal to transport Israeli gas to Egypt
British gas producer Energean signed a 15-year agreement to transport natural gas through Israel’s planned Nitzana pipeline to Egypt, as part of wider $4bn contracts for the purchase and transport of Israeli gas
Dangote announces plans to expand refinery in Nigeria to become the world’s largest
Nigerian business magnate Aliko Dangote has announced plans to expand his $20bn Dangote Refinery in Lagos to 1.4mn barrels per day (bpd), making it the world’s largest refinery.
Nigeria’s Dangote Refinery plans 5–10% NGX listing within a year, says chairman
Dangote Refinery, the 650,000 bpd integrated complex outside Lagos, is preparing to list between 5% and 10% of its shares on the Nigerian Exchange (NGX) within the next 12 months, Chairman Aliko Dangote said in an interview.
Egypt continues to hike fuel prices
Egyptians have seen fuel prices increase amid a worsening cost-of-living crisis following the introduction of a price hike championed by the International Monetary Fund (IMF), according to Peoples Dispatch.
Egypt fuel prices ‘relatively balanced’, may drop if economic conditions permit, says PM Madbouly
Egyptian PM Mostafa Madbouly said the government will not need to implement significant fuel price increases for at least the next year, citing a what he called “relative balance” in current price levels that helps maintain market stability
Iranian government sets up task force to clear petchem export hurdles
Iranian President Masoud Pezeshkian said that his government had established a task force to break down export barriers in the country’s petrochemical sector.
Rochefort International’s Central African unit faces liquidation amid legal and financial turmoil
Privately held energy-trading and logistics company Rochefort International’s Central African subsidiary has entered judicial management, facing debts of between $8.1mn–$13mn amid collapsing liquidity and creditor pressure.
Nigerian government designates modular refineries, Dangote as strategic assets
Nigeria’s House of Representatives Committee on Petroleum Resources (Downstream) has declared 650,000 barrels per day (bpd) Dangote refinery and numerous other modular refineries across the country as assets of national importance.
Nigerian lawmakers set to mediate in Dangote labour dispute
Nigeria’s House of Representatives is set to mediate in the ongoing dispute between Dangote refinery and members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) according to The Punch.
Nigeria: Dangote refinery's gasoline unit now running at 60% capacity
Nigeria’s 650,000 barrels per day (bpd) Dangote refinery has started production at its 204,000 bpd gasoline unit on schedule, with the asset now running at 60% capacity, according to Industrial Info Resources (IIR).
Egyptian increases fuel imports by 60% y/y to free up natural gas for exports
The Egyptian General Petroleum Corporation (EGPC) has reportedly bought about 1mn tonnes of diesel, gasoline, and liquefied petroleum gas (LPG) for delivery in November 2025, up 60% year-on-year (y/y)
Tehran refinery to undergo $3.5bn upgrade to make premium products
Iran plans to invest $3.5bn in modernising the Tehran Oil Refinery, one of the country’s oldest and largest fuel producers, to bring all of its outputs up to Euro-5 environmental standards, said the plant’s engineering department.
Jordan receives 117,000 barrels of crude oil from Iraq in October
Jordan’s Ministry of Energy and Mineral Resources confirmed that the Jordan Petroleum Refinery in Zarqa received 117,182 barrels of crude oil from Iraq between October 11 and 19. The deliveries came under the memorandum of understanding.
South Pars gas refineries overhauled early ahead of winter, Iranian official says
Iran has completed major maintenance works at all 13 refineries of the South Pars Gas Complex (SPGC) ahead of schedule, a move aimed at ensuring steady gas production through the winter months, the head of the National Iranian Gas Co. (NIGC) said.
Iran’s Shazand refinery boosts crude intake capacity after major overhaul
Iran’s Shazand oil refinery, in the central province of Markazi, has raised its daily crude intake capacity by 6% to 265,000 barrels following extensive maintenance and optimisation works — the largest such overhaul in a decade, its CEO said.
Nigeria's Dangote refinery says 310mn litres of petrol ready as prices rise
The Dangote Petroleum Refinery has announced that more than 310mn litres of petrol are available for immediate loading, urging fuel marketers to “bring your tankers” as retail prices climb to between NGN930 and NGN950 per litre ($0.63-$0.64)
China’s CNPC maintains Niger oil exports via Benin pipeline amid fiscal and labour tensions
China’s CNPC — through its listed arm PetroChina (HKEX:0857) — has exported roughly 20mn barrels of crude from Niger’s Agadem field via the 1,950 km Agadem–Sèmè pipeline to Benin, generating about $2 bn since May 2024.
China's Wison New Energy targets Egypt, Mauritania and Morocco with modular FLNG concepts
Chinese energy infrastructure firm Wison New Energy is holding exploratory talks with Egypt, Mauritania, and Morocco over potential floating LNG (FLNG) and FSRU projects
Nigeria leaves 4,091 MWh/h of generation idle in September amid grid and liquidity constraints
Nigeria’s power system left 4,091 MWh/h of available generation unused in September as grid capacity limits and persistent market liquidity challenges continued
Sonatrach restarts major gas-processing train at Skikda to boost Algeria’s exports
Sonatrach restarts major gas-processing train at its Skikda complex after extensive maintenance, restoring about 4.5 bcm per year of capacity. The move supports shipments via the Medgaz and TransMed pipelines and LNG terminals at Skikda and Arzew.
Egypt studies new LNG terminal plans in Port Said
Egypt’s Ministry of Petroleum is studying proposals for a new LNG terminal in Port Said to expand export capacity beyond Idku and Damietta, raising Egypt’s total LNG capacity to more than 12mn tpa, while leveraging the Suez Canal’s location.
Egypt expects $588.7mn in budget savings from fuel price hikes
The Egyptian government expects to save around EGP 28bn ($588.7mn) in FY 2025/26 following the latest increases in gasoline and diesel prices
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