Author: Rigs & Barge World
Leaders of Egypt’s refining sector companies convened in Alexandria to explore integration and share expertise among state-owned companies, in line with the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategic development goals, according to a MoPMR statement. Held under the directives of Karim Badawi, Minister of Petroleum and Mineral Resources, the meeting highlighted progress on several key projects in the sector, most notably the new diesel complex by Assiut National Oil Processing Company (ANOPC), which is set to begin production next year. Other significant developments discussed included the construction of five new storage tanks at Alexandria Petroleum Company(APC) to support…
Totsa, the trading arm of France’s TotalEnergies, is poised to return to Dubai’s Jebel Ali in mid-2026, MEES learns, two years after leaving. The firm previously leased 184,000 m³ (1.2mn barrels) storage there, which was key to its Middle East gasoline blending operations. Totsa left its eight tanks at the Advario terminal, where it was replaced by Glencore, and moved its operations to Brooge Energy’s BPGIC terminal in Fujairah (MEES, 8 March 2024). Unlike Jebel Ali, where Advario has its own berth and where Totsa was Advario’s key customer, BGPIC is one of many terminals sharing Fujairah Oil Tanker Terminal’s…
The Group of Seven (G7) nations and the European Union (EU) are discussing a full ban on providing maritime services for Russian oil exports. This move would replace the existing price cap mechanism in an effort to further reduce Moscow’s war-funding revenue, six sources familiar with the matter told Reuters. British and US officials are reportedly pushing the proposal in technical G7 discussions, though a final US decision will be contingent on the approach of President Donald Trump’s administration. The proposed ban would halt trade that relies on Western tankers and associated services, which currently transport more than a third…
Opinion article by Samantha McCulloch in the Sydney Morning Herald on the Gas Market Review | Australian Energy Producers Skip to content Source link
Egypt is set to launch a new program to treat petroleum waste and maximize the economic value of its mineral resources through a partnership between the Ministry of Petroleum and Mineral Resources (MoPMR) and the Ministry of Electricity and Renewable Energy. The initiative focuses on treating Technically Enhanced Naturally Occurring Radioactive Materials (TE-NORM) resulting from oil sector activities. This includes processing sediments, produced water, sludge, and other waste types found at petroleum sites. Under the agreement, the Nuclear Materials Authority (NMA) will conduct necessary surveys, environmental assessments, and waste treatment operations using advanced technologies to ensure compliance with national and…
For years Fujairah crude imports were dominated by heavy-sweet grades, primarily Sudanese Dar & Nile as well as Chad’s Doba, which can be refined to produce IMO-compliant low sulfur fuel oil for the local bunker market. But 2025 has seen major disruptions to this flow on multiple fronts. For starters, the 67,000 Fort Energy refinery owned by UAE firm Montfort, is currently in the process of being relocated to a nearby terminal in Fujairah (MEES, 29 August). The plant has largely been offline since 2024, contributing to a drop in Fujairah crude imports from a record high of 140,000 b/d…
A new industrial complex for producing Formaldehyde and its derivatives will be established in the Sokhna Industrial Zone, part of the Suez Canal Economic Zone (SCZONE), following an agreement between the Main Development Company (MDC), an Egyptian Shareholding Company founded in 2006 to be the main developer of SCZONE, and Al-Ahram Chemicals, Resins and Derivatives Company. The project, with an overall investment of $10 million, will be constructed on a 14,000-square-meter plot. It is designed to produce 25,000 tons per year (t/y) of Formaldehyde, Form Urea, and other derivatives like glue and melamine, with production scheduled to begin in early 2027.…
Libyan officials are targeting British investors for new renewable energy projects aimed primarily at powering upstream oil operations, freeing up oil and gas for more profitable uses. During a promotional event in London on 26 November, officials from the Renewable Energy Authority of Libya (REAOL) rolled out several projects aiming to generate up to 850MW of solar and wind energy. This comes as part of a national strategy that was launched in late 2023 with the aim of achieving a 22% share of the power mix for renewables by 2035 (MEES, 15 December 2023). (CONTINUED – 1287 WORDS) Read this…
The rise of renewables and abundant gas reserves provide Israel with a solid base to move away from coal, although security concerns have le… Source link
Saudi Arabia’s government this week approved an expansionary budget for 2026, in which it expects to run an annual deficit of $44bn. There were no surprises in the budget, which tracks the pre-budget announcement from October, with spending of $350.1bn easily outstripping revenues of $305.9bn (MEES, 3 October). This year has proven to be a challenging one for Riyadh’s finances, with the budget deficit surging by $34.5bn to a five-year high of $65.3bn, preliminary Ministry of Finance figures show (see table). This is more than double the originally budgeted figure of $26.9bn. (CONTINUED – 600 WORDS) Read this article for…