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Hydrocarbon Processing Refining Databook 2025: Middle East & Africa
The Middle East is focusing on modernisation and expansion projects, while Africa is seeking to reduce its imports of refined products
Angola eyes upstream revamp
West African producer’s national oil agency considers licensing overhaul for faster rounds
Africa’s new breed of buyers eye production ramp-ups
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
Sonangol must escape former regime’s shadow to achieve IPO
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026
Letter on Africa: New African refineries could help break old dependencies
A profound shift is occurring in the global refining sector, one which might help redefine Africa’s place in worldwide trade networks
Expanded Afentra eyes fresh growth
The independent is keen to supply feedgas for Angola LNG and is assessing opportunities both in and beyond the southern African nation
Angola project thwarts upstream decline
Kaminho deepwater FID raises hopes of reigniting much-needed further investment in ailing sector
Angola high oil potential blocks for award
Eight blocks in the Lower Congo and Kwanza onshore basins available for award
Angola’s OPEC departure runs deep
Luanda’s decision to leave the influential group surprised many observers but may have been coming for some time
African lenders back Angolan refinery
Efforts by African institutions and others to push development in the continent appear to be gaining momentum
FPSO off the coast of Angola
Angola BP Eni
Simon Ferrie
24 March 2022
Follow @PetroleumEcon
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BP and Eni extend standalone JV model to Angola

Joint company will improve efficiency and result in cost savings, the firms say

BP and Italy’s Eni have signed an agreement to combine their upstream Angolan assets into a joint venture (JV) called Azule Energy. The move represents further steps along the road of IOCs creating standalone independents—in which they retain only a financial interest—in non-core areas, rather than trying to immediately divest the stakes. Both have previously employed the model in Norway—with Aker BP and Var Energi, respectively—while BP is also implementing it in Iraq. The companies and their peers may well roll it out in further geographies as an at least temporary solution to lengthy sales processes of non-advantaged production.      The new firm will be split evenly between the two IOCs

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The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
WPC Energy to promote role of women
22 July 2025
Next year’s WPC Energy Congress taking place in April in Riyadh, Saudi Arabia will continue to promote the role of women in the energy sector, with a number of events focusing on the issue.
Energy sector needs stable policy and better communication
22 July 2025
Pedro Miras is the serving President of WPC Energy for the current cycle which will culminate with the 25th WPC Energy Congress in Riyadh, Saudi Arabia in April 2026. He has over 30 years of experience in the energy sector, including stints with Repsol and the IEA. Here he talks to Petroleum Economist about the challenges and opportunities the global energy sector currently faces.
California refiners dreaming of heyday
17 July 2025
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends

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