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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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SATORP reports net profits, revenues up in H1-2022
Saudi Aramco Total Refining and Petrochemical Company (SATORP) reported last week that its profits and revenues had both increased significantly in the first half of 2022.
Iran's petrochemical exports reportedly up 38% y/y to $9.1bn in first five Persian months
DMEA: TotalEnergies says it will continue building Arzew petchem plant in Algeria
TotalEnergies (France) will continue working to build a petrochemical plant in Algeria’s Arzew region, denying a report published earlier by African Intelligence.
Iran and Russia set to sign gas purchase and swap agreement, says Iranian oil minister
Iraq’s Ministry of Oil discusses effort to ensure adequate diesel supplies during heat wave
Iraq’s Ministry of Oil said last week that it was working to ensure that all regions of the country are adequately supplied with diesel in the face of a heat wave that has been gripping the country this summer.
Talanx declines to re-insure East Africa Crude Oil Pipeline (EACOP)
Talanx, Germany’s third-largest insurance company, has confirmed that it will not provide re-insurance coverage for the East Africa Crude Oil Pipeline (EACOP) project.
Nigeria rolls out gas-based plan to reach net zero by 2060
Nigeria’s government has rolled out a new plan for bringing net carbon emissions down to zero by 2060. The initiative, which calls for using natural gas as a bridge fuel, is both ambitious and expensive.
Nigeria’s air employees union proposes paying foreign airlines in crude oil
Nigeria’s National Union of Air Transport Employees (NUATE) has proposed sending oil instead of dollars to foreign airlines struggling to repatriate funds back to their home country, The Nation has revealed.
Iraqi oil minister says Karbala refinery will help country slash fuel imports in 2023
Iraq’s Oil Minister Ihsan Ismaael has said he expects the Karbala refinery to cut the country’s fuel imports by more than half when it becomes fully operational next year.
Kyari says Nigeria cannot eliminate oil theft by legalising underground refineries
Nigeria cannot eliminate the long-standing problem of oil theft in the Niger River Delta by legalising underground refineries, Mele Kyari, the group CEO of Nigerian National Petroleum Co. Ltd (NNPC Ltd), has said.
TotalEnergies reportedly withdrawing from Arzew polypropylene complex
TotalEnergies has decided to withdraw from the construction of a huge petrochemical complex and is expected to issue an official announcement to this effect soon, African Intelligence reported on August 22.
Luanda refinery’s new gasoline unit reaches full production capacity
Sonaref, the refining subsidiary of Angola’s national oil company Sonangol, reports that the Luanda refinery’s new gasoline plant has reached full production capacity.
Nigeria’s finance minister says FEC has approved plan for summit meeting on gasoline subsidy
Nigeria’s Federal Executive Council (FEC) has approved the National Assembly’s proposal for a summit meeting on the planned elimination of domestic gasoline subsidies.
Shell says it will not sell SPDC stake until Nigerian Supreme Court decides oil spill case
Shell has reiterated that it will not proceed with the divestment of a 30% stake in the Shell Petroleum Development Corp. (SPDC) joint venture prior to the resolution of pending litigation.
DMEA: Israel sees Egypt’s LNG capacity as reason for continued co-operation
Israel will continue to work with Egypt to boost natural gas exports to Europe, as the latter country is its best option for producing LNG, Energy Minister Karine Elharrar told Israel Hayom in an interview.
Mozambique on cusp of history as British Mentor tanker arrives to pick country's first LNG cargo from Eni project
Mozambique on the cusp of history as tanker, British Mentor, arrives to pick country's first liquefied natural gas cargo from Italian giant, ENI's project
South Pars complex to launch gas DMC unit
Kuwaiti firms extend deadline for up- and downstream tenders
Israel sees Egypt’s LNG capabilities, European gas demand as reasons for continued co-operation
Israel will continue to work with Egypt in order to boost natural gas exports to Europe, as Egypt represents the country’s best option for producing LNG, Energy Minister Karine Elharrar has said.
Aramco posts bumper results for Q2
Ghanaian MP unveils plans for Tema-Takoradi gas pipeline
Frank Annoh-Dompreh, a Ghanaian MP representing Nsawam Adoagyiri in Eastern region, says Ghana Gas will build a 290-km pipeline system serving four regions.
Nigeria: Accugas to provide gas to Notore Chemical Industries
Accugas, a 80% indirectly-owned subsidiary of Savannah Energy, has entered into a new gas sales agreement with Nigeria’s Notore Chemical Industries.
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