DMEA - Downstream Middle East & Africa
Zambia slashes fuel prices by 17% as Middle East crisis eases
Zambia has reduced the retail price of fuel by between 3% and 17%, citing an easing of oil costs on the global market and a strengthening local currency, the kwacha.
Exxon-led LNG project could add $11bn a year to Mozambique economy, report says
A Conningarth Economists study estimates Mozambique's Exxon-led Rovuma LNG project could add $11bn annually to the economy and generate $4bn in tax revenue.
Energy statistics show we remain an overwhelmingly fossil fuel-based world
Renewables are growing fast, but oil and gas by far still dominate the global energy system.
Nigerian oil marketer Conoil profit falls 75% in 2025 amid soaring borrowing costs
Conoil's 2025 net profit fell 75% as finance costs nearly tripled amid Nigeria's high interest rates, overshadowing resilient revenue and continued investment.
Iraq seeks new Kirkuk-Ceyhan deal as it advances Syria oil route
Iraq has dispatched a high-level ministerial delegation to Ankara to negotiate an extension of the agreement governing the Iraq–Turkey oil pipeline, while pursuing parallel discussions with Syria on reopening alternative export routes.
Shell reportedly nears $1bn sale of South Africa fuel stations to Adnoc Distribution
The deal would give UAE-based Adnoc Distribution control of about 600 service stations, representing around 10% of South Africa's retail fuel market.
Angola moves closer to commercial biofuels production with new feedstock study
Angola has identified four promising biofuel feedstocks as it advances plans to diversify its economy and launch commercial biofuels production by 2030.
Nigeria imports Libyan crude for first time as Dangote refinery diversifies feedstock
Nigeria imported Libyan crude for the first time as the 650,000-bpd Dangote refinery diversified feedstock amid domestic supply shortages despite the country's strong crude output.
Rwanda, Kenya sign fuel import deal through Northern Corridor
Rwanda and Kenya have signed a MoU to enable Rwanda to import refined petroleum products through Kenya's Northern Corridor under a Government-to-Government (G2G) arrangement, giving the landlocked country access to Kenya.
Nigeria's crude oil export earnings jump 30% in Jan-May despite lower volumes
Nigeria exported 148.9mn barrels of crude oil worth $14.66bn in the first five months of 2026, as higher global oil prices offset lower export volumes, while domestic refiners renewed calls for stricter crude supply obligations.
Aramco resumes loadings at Ras Tanura
Saudi Aramco has resumed crude exports from its Ras Tanura terminal following a four-month blockade, intensifying market competition despite ongoing geopolitical risks across the region
Cameroon fuel distributor Tradex proposes $18.3mn dividend after resilient 2025
Tradex's board also reaffirmed support for strategic projects being developed by the SNH Group, including the CSTAR project, which envisages construction of a refinery and petroleum storage terminal at the Kribi deep-water port.
Morocco converts ONHYM into joint-stock company to support $25bn Africa-Atlantic Gas Pipeline
ONHYM will have expanded financing powers as the state advances the $25bn Africa-Atlantic Gas Pipeline, a 6,900-km project expected to transport Nigerian natural gas to Morocco via 13 West African countries.
Nigeria unveils measures to boost LPG supply and curb cooking gas prices
Nigeria’s government has announced a package of measures aimed at increasing liquefied petroleum gas (LPG) supply and easing rising cooking gas prices following a sharp increase in costs across the country
Shipping through Strait of Hormuz increases, but Iran remains in control
The Strait of Hormuz has seen shipping increase by around 20% of its pre-war levels since the signing of a US-Iran memorandum on 17 June.
US temporarily lifts sanctions on Iran
The US has now temporarily lifted its sanctions on Iran as part of peace negotiations, allowing the country to produce, deliver, and sell its crude oil, petrochemical, and petroleum products.
Nigerian fuel prices remain high despite Iran talks
Nigerian fuel prices have remained unchanged despite a drop in global fuel prices, with consumers in the country becoming increasingly worried about the impact it will have on purchasing power and inflation.
Dangote denies claims of Nigeria fuel re-imports through Lomé
Dangote Petroleum Refinery has rejected claims that fuel exported from its facility is being re-imported into Nigeria through the offshore ship-to-ship trading hub in Lomé, Togo, describing the allegation as false and commercially illogical
Germany’s MAK launches work on $550mn Sohar petrochemicals project in Oman
Germany’s MAK Germany GmbH has begun construction work on a $550 mn petrochemicals complex in Oman, marking a major downstream industrial investment in the Sultanate’s fast-expanding chemicals and plastics sector.
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