DMEA - Downstream Middle East & Africa
Dangote says importers are to blame for naira petrol sales
An anonymous official from 700,000 barrels per day (bpd) Dangote refinery told The Punch this week that the plant has chosen to sell its petrol in naira due to fuel importers holding back their stocks.
Nigeria: SERAP files lawsuit against NNPCL
Nigeria’s Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Co. Ltd. (NNPCL).
US, Saudi consortium picks Gulf refinery site outside Hormuz in $5bn plan
A US-Saudi consortium, MERA Oil, has shortlisted three Gulf sites outside the Strait of Hormuz for a $5bn, 200,000 b/d refinery and export corridor, with a preferred host expected by the end of 2026.
Nigeria LNG revenue exceeds $149.6bn as dividends reach $47.2bn
Nigeria LNG Limited has generated more than $149.6bn in cumulative revenue, paid over $47.2bn in dividends and remitted more than $10.8bn in taxes as it advances the Train 7 expansion.
Nigeria records Africa’s sharpest petrol price rise during Middle East conflict, MEMAN says
Nigeria recorded a 39.5% petrol price surge during the first half of 2026, the sharpest increase in Africa, according to MEMAN, as Middle East conflict disrupted oil markets and shipping.
EU expands African naval missions to track Russian shadow fleet
The EU has expanded the mandates of two naval operations off Africa to collect intelligence on vessels linked to Russia’s shadow fleet and suspected sanctions evasion
Tanzania proposes gas pipeline to supply Uganda and Kenya
Tanzania has proposed a cross-border natural gas pipeline to supply Uganda and Kenya as it seeks to expand regional energy trade and strengthen its role as an energy supplier in East Africa.
Saudi Arabia intercepts second wave of Iraq-launched drones at oil sites
Saudi Arabia has intercepted a second wave of drones launched from Iraq at oil facilities in its Eastern Province. Riyadh says it reserves the right to respond at a time and place of its choosing, raising the prospect of action inside Iraq.
Iraq faces worsening fuel shortage as diesel queues grow in Baghdad
Iraq's oil ministry is preparing to import diesel as queues lengthen at Baghdad filling stations, eight months after the prime minister ordered fuel imports halted on the grounds that the country had reached self-sufficiency.
AEC, ENH strengthen partnership to support Mozambique’s energy investment drive
The African Energy Chamber and Mozambique’s national oil company ENH have agreed to strengthen cooperation in attracting investment, expanding local content and increasing private-sector participation as the country’s gas industry grows.
Uganda pushes expected start of commercial oil production to September
Uganda expects to begin commercial oil production in September, shifting from an earlier target of first oil by July 31 as work continues on the Tilenga and Kingfisher developments and the East African Crude Oil Pipeline (EACOP).
Yemen says drones hit Saudi crude lines to Yanbu, Riyadh blames Iraq
Yemen's armed forces say they hit crude transfer lines running from Saudi Arabia's Eastern Province to Yanbu with drones. Riyadh confirmed oil facilities in the Eastern Province were struck but claimed the drones were launched from Iraq.
Ghana tightens fuel controls as upstream petroleum revenue misses target
Ghana plans tighter controls on refined petroleum movements, bunkering and customs procedures after upstream oil and gas revenue fell about 31% below target in the first half of 2026.
Ghana plans $2bn gas plant to power 1,200MW energy push
Ghana is to build a new integrated gas processing plant as part of a drive to add 1,200 megawatts of power generation capacity, with the project expected to bring nearly $2bn in benefits to the state over five years, the finance minister said.
Baghdad greenlights Syria pipeline, Akkas talks with ConocoPhillips
Iraq’s cabinet has approved upstream and midstream measures to broaden crude export routes and accelerate field development
KKR-led consortium leases Kuwaiti pipeline network in $16bn deal
Kuwait Oil Co. has signed a $16bn pipeline lease-and-lease-back deal with a consortium led by KKR
Ghana targets 2028 launch for first phase of 1,200-MW gas power plant
Ghana plans to build a 1,200-MW state-owned gas-fired power plant in the Central Region, with an initial 600-MW phase due in 2028 and turbines to be procured from GE Vernova.
Germany launches programme to commercialise Nigeria’s flared gas
Germany has launched a programme to help Nigeria recover value from gas flaring, which costs the country an estimated $1.5bn annually while contributing to greenhouse gas emissions
Nigeria's Dangote refinery completes $2.5bn private placement after strong investor demand
Dangote said it had issued and allotted about $2.5bn of new equity after receiving demand equivalent to 3.7 times the original offer size.
SABIC signs project development agreement with Rongsheng Petrochemical
Saudi Basic Industries Co. (SABIC) revealed this week that it had signed a Project Development Agreement (PDA) with Rongsheng Petrochemical Co. Ltd. (Rongsheng) and its subsidiary, Rongsheng New Materials (Zhoushan) Co. Ltd.
Nigerian police recover 285 vandalised NNPCL pipelines, arrest seven suspects
The Nigeria Police Force (NPF) has arrested seven suspects that were part of a pipeline vandalism syndicate in Adamawa State while also recovering 285 pieces of vandalised pipelines belonging to the Nigerian National Petroleum Co. Ltd. (NNPCL).
Nigeria may need to increase fuel imports as Dangote sells petrol abroad
Nigerian imports of petrol have tripled since June as the country’s 700,000 barrels per day (bpd) Dangote refinery moved to limit domestic supply and instead focus on increasing exports to maximise foreign currency income.
Riyadh's Red Sea lifeline comes under fire
Confronted with a Houthi naval blockade and burning tankers off Yanbu, Saudi Arabia's carefully engineered workaround to Hormuz is unravelling just as Asian refiners scramble for alternatives.
Houthis strike Saudi tankers as Red Sea route unravels
Yemen said on July 23 it had struck two Saudi oil tankers in the Red Sea, opening a second front against global crude flows.
Madagascar fuel import reform raises Russian oil sanctions concerns
Fuel distributors warn that Madagascar’s proposed expansion of state control over petroleum imports could expose companies and customers to products supplied by sanctioned entities, particularly if the country deepens energy ties with Russia.
Afreximbank digital platform supports $5.3mn Zimbabwe fuel import deal
Witeva Trading sourced the fuel from an unidentified commodity trader in Switzerland, with InnBucks MicroBank acting as the local issuing financial institution and Afreximbank providing confirmation support under the agreed trade-finance structure.
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