DMEA - Downstream Middle East & Africa

South Africa announces $610mn fuel levy relief as oil prices squeeze households

South Africa announces $610mn in temporary petrol and diesel levy reductions from November 4 as rising oil prices fuel inflation and pressure households.

Niger gives China's CNPC until late November to repatriate $5bn in oil export revenues

Niger’s military government on October 13 said it had given China National Petroleum Corporation (CNPC) and its partners 45 days to comply with contractual obligations.

Nigeria’s Dangote confirms $327mn purchase of 24.76% stake in Kenya Pipeline Company

Aliko Dangote's 24.76% stake in KPC gives his group a substantial holding in Kenya's petroleum transport infrastructure as it pursues separate investments in regional refining.

Namibia’s disputed petroleum bill passes second reading amid concerns over presidential powers

Namibia’s National Assembly has approved the second reading of a controversial petroleum amendment bill that would transfer key regulatory powers from the energy ministry to the presidency.

Eni seeks EPC contractors for proposed $130mn Mozambique power plant

Italian energy group Eni (BIT: ENI; NYSE: E) has invited expressions of interest from contractors for a proposed 75-MW gas-fired power plant in southern Mozambique, advancing a project estimated to cost $130mn that was announced in October 2025.

Ghana signs $28bn deal with UAE-led group for Jomoro refinery and petrochemicals hub

Financing has yet to be secured for a 300,000bpsd refinery at Jomoro that UAE-based Global Sphere has agreed to develop under a $28bn deal with Ghana’s PHDC.

Ghana handles 40% of Burkina Faso fuel amid Sahel supply squeeze

Ghana’s growing role as a fuel gateway to the Sahel is running up against a constraint closer to home: its own need to secure petroleum supplies.

Analyst warns of pressure on Russian oil exports and predicts global oil surplus by 2028

Russia faces mounting energy risks from Ukrainian attacks, dependence on Chinese influence and the prospect of a global oil surplus, while Ukraine prepares for a difficult winter, says analyst.

Angola invites Namibia to invest in $6.6bn Lobito oil refinery project

Angola has invited Namibia to buy into its 200,000 bpd Lobito oil refinery, with shareholder countries promised priority access to fuel supplies as Sonangol seeks partners and financing for the $6.6bn project.

Ghana plans specialised tribunal for downstream petroleum disputes

Ghana's draft NPA Bill would establish a specialised tribunal to hear downstream petroleum licensing and regulatory appeals, with further appeals to the courts.

Malawi household transport spending jumps 14.3% amid fuel shortages

Fuel shortages pushed estimated monthly transport spending for a six-person household in Malawi up 14.3% in September

Nigeria’s Dangote says refinery IPO subscriptions span 51 African countries

Dangote Petroleum Refinery & Petrochemicals FZE said its ongoing initial public offering had attracted subscriptions from investors in more than 90 countries, including 51 of Africa’s 54 nations.

Unidentified investors trade $327mn Kenya Pipeline stake in single block deal

Unidentified investors traded 4.5bn shares in Kenya Pipeline Company (NSE: KPC), worth ($327mn), in a single transaction equivalent to 24.76% of the company’s issued share capital.

Iran no longer needs petrol imports, Pezeshkian says

Socar Turkey snags benchmark $1.6bn five-year syndicated loan rollover at SOFR+2.30%

In 2021, company landed terms at Libor/Euribor +3.45%. New deal suggests rollover rate of 123%.

Angola’s 2026 fuel subsidy bill could hit $4.16bn, more than twice budgeted amount

The overrun, equivalent to about 6% of Angola’s 2026 budget, shows how dependence on imported fuel turns higher crude prices from a windfall into a fiscal cost.

Namibia rules out power grid privatisation amid BW Kudu dispute

Mozambique's sovereign wealth fund reaches $151mn as government channels LNG revenue into infrastructure

Mozambique's sovereign wealth fund holds approximately $151mn in LNG revenues, with 60% of gas income allocated to the state budget and 40% saved for future generations.

Iran to halt petrol imports for five months after price hike

Iran will stop importing petrol for the five months to March 20 when the current Persian calendar year comes to an end, First Vice President Mohammad Reza Aref said.

Sultan Group explores petroleum and aviation opportunities in Djibouti

Talks with Djibouti’s ports authority covered petroleum storage, fuel trading, aviation and free-zone development, with no investment decision announced.

Ghana aims to replace liquid fuel for power generation with gas in 2027

Ghana is planning to stop buying liquid fuels for electricity generation next year as domestic gas and imports from Nigeria replace diesel and heavy fuel oil in thermal power generation plants.

Kenyan court declines to extend land restrictions linked to planned $16bn Dangote refinery

Kenya’s High Court in Malindi has given 133 residents of Lamu seven days to amend their petition challenging the construction of Dangote East Africa Refinery and properly serve billionaire Aliko Dangote and the state agencies named in the case

Kenya raises fuel prices as import costs surge amid Middle East conflict

Kenya’s Energy and Petroleum Regulatory Authority (EPRA) has increased maximum retail fuel prices for October 15 to November 14, 2026, raising petrol by KES12.93 ($0.10) per litre, diesel by KES9.90 and kerosene by KES28.49.

Kenya Pipeline profit rises 13% to $89mn in first results since NSE listing

Kenya Pipeline Company (NSE:KPC) increased net profit by 13.1% to KES11.58bn ($89.2mn) in the year ended June 2026, as higher petroleum volumes lifted revenue to a record KES42.98bn in its first annual results since listing on the NSE.

Africa Energy Bank targets early 2027 financing as launch nears

The institution was conceived as an African-led financing mechanism for energy projects as international lenders increasingly restrict financing for fossil fuels.