DMEA - Downstream Middle East & Africa
Nigeria’s Port Harcourt refinery 90% complete but awaits NNPCL approval
The old Port Harcourt refinery is 90% rehabilitated and could resume operations within one week but remains idle pending approval from the Nigerian National Petroleum Company Limited
Kenya’s carbon market tightens as Safaricom-backed M-Gas seeks approval for clean cooking project
Fire at Iraq’s Baiji refinery leaves one dead, 13 injured
A fire at the Iraqi Ministry of Oil’s Salahaddin Refinery 2 in the Baiji district was brought under control, leaving one worker dead and 13 others injured.
Tanzania and Uganda target first crude oil exports via EACOP in July
Tanzania and Uganda are set to begin shipping crude oil internationally in July with the operational start of the East African Crude Oil Pipeline (EACOP). Previously, an October launch was targeted.
Congo launches LNG exports from Nguya FLNG vessel as Eni boosts capacity to 3mntpa
Italian integrated energy group Eni (BIT:ENI) has shipped the first cargo of liquefied natural gas from the Nguya FLNG vessel, marking the start of exports under Phase 2 of the Congo LNG development.
Nigeria seeks $22bn to expand gas pipeline network under new master plan
Nigeria’s national oil company estimates that $22bn will be required to expand critical gas pipeline infrastructure under its Gas Master Plan 2026, which aims to increase domestic gas usage and exports by the end of the decade
Brent set to fall 10% in 2026, analysts say
The average price of Brent crude oil is expected to fall by around 10% in 2026 to $62.1 per barrel, despite a recent rise in prices, as a persistent supply surplus continues to weigh on the global market.
Iran petchem faces value chain breakdown after rushed privatisation, PGPIC chief says
The head of Iran’s largest petrochemicals company warned that the sector’s value chain had been “disintegrated” due to the government’s “hasty” privatization.
Nigeria ramps up gas infrastructure as OB3 segment begins 300mn scf/d flow
Nigeria has announced progress in its domestic gas infrastructure with the commissioning of a segment of the Obiafu-Obrikom-Oben (OB3) pipeline, which has begun transporting 300mn scf/d of gas
Iraq joins global ranks of high-quality refined fuel producers
Iraq has brought newly completed refinery projects into operation at 100% capacity, helping to classify the country among producers of high-quality petroleum products.
Iran’s Isfahan refinery brings eight units online to stabilise fuel supply
Eight infrastructure units at Iran’s Isfahan Oil Refining Co. (EORC) have been launched on a test run, aiming to strengthen the refinery’s role in ensuring a stable supply of petroleum products nationwide.
Nigeria to build 10,000bpd condensate refinery in Edo State
Nigerian National Petroleum Company Limited (NNPCL) has agreed to construct a 10,000 barrels-per-day (bpd) condensate refinery in Edo State
Conoil Nigeria’s annual profit drops 77% on higher borrowing costs
Conoil Nigeria Plc (NGX: CONOIL) reported a 77.03% decline in pretax profit to NGN2.53bn ($1.85mn) for the year ended 2025, as sharply higher finance costs and weaker revenue weighed on earnings
Equatorial Guinea signs deal with Chevron to boost state role in Aseng gas project
Equatorial Guinea has taken a major step to strengthen its gas sector by signing a new financing agreement for the Aseng Gas Project.
Chinese buyer in talks to purchase Nigerian state-owned refinery
The Nigerian National Petroleum Co. Ltd. (NNPCL) is currently engaged in talks with a Chinese company interested in purchasing one of its moribund refineries, according to the state-owned company’s CEO Bayo Ojulari.
Nigeria’s Dangote Refinery to begin full capacity tests in February
Nigeria’s 650,000 barrels per day (bpd) Dangote refinery is expected to begin test runs at full nameplate capacity this month after maintenance on its Residual Fluid Catalytic Cracker (RFCC) is completed.
Glencore shareholder invests in South African refinery upgrade
A Glencore shareholder is set to invest R6bn ($326mn) to upgrade Astron Energy’s 100,000 barrels per day (bpd) Cape Town petroleum refinery, committing to reinforcing the country’s energy sector amid difficult times.
Iran launches phase two of Bushehr petchem complex
Iran has inaugurated the second phase of the Bushehr Petrochemical Co. in Asaluyeh, its main energy and petrochemical hub in the southern province of Bushehr.
Nigeria’s NNPCL overhauls refinery strategy, seeks equity partners to halt years of losses
The Nigerian National Petroleum Company Limited (NNCPL) is abandoning its contractor-led refinery rehabilitation model in favour of equity partnerships with experienced international operators
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