DMEA - Downstream Middle East & Africa
Iran threatens regional energy infrastructure if US hits its bridges, power plants
Iran's Khatam al-Anbiya headquarters says its forces will target oil, gas and power infrastructure across the region and block all oil exports if the US acts on Trump's threat to bomb Iranian bridges and power plants over Hormuz ship attacks.
Iran's Amir Kabir Petrochemical spring net profit falls 36%
Iran's Amir Kabir Petrochemical has reported net profit of IRR13,220bn ($7.2mn) for the quarter to late June, down 36% y/y, with operating revenue falling 30% to IRR86,210bn.
Iran's Iranol lifts spring net profit 192% to IRR23,220bn
Iran's Iranol Oil Company has reported net profit of IRR23,220bn ($12.7mn) for the quarter to late June, up 192% y/y, with operating revenue rising 48% to more than IRR106,000bn on lubricant sales.
UK lawsuit against EACOP threatens Uganda's energy future, AEC says
The African Energy Chamber has criticised a legal challenge against the East African Crude Oil Pipeline in the UK High Court, arguing that Uganda’s energy future should be decided by its own institutions rather than foreign courts.
Sasol’s Secunda output reaches five-year high after coal-quality upgrade
Sasol attributed the performance to improved coal quality following the implementation of its destoning project, increased natural gas availability and stable operations at Secunda during the fourth quarter.
Ghana consumer group urges fuel levy cut as global oil prices climb
The appeal comes after Ghana’s National Petroleum Authority raised its minimum ex-pump prices for the second half of July.
Trump administration links Africa clean cooking drive to US propane exports
The Trump administration is promoting US propane exports as part of Africa’s clean cooking transition, linking public-health goals with trade-led energy diplomacy and growing American LPG production.
Nigeria's EFCC arraigns former Wari refinery MD over alleged $970,000 money laundering
Nigeria's Economic and Financial Crimes Commission (EFCC) has arraigned former Warri Refining and Petrochemical Company Managing Director Jimoh Olasunkanmi Yisawu on eight counts of alleged money laundering
Ghanaian fuel firm PETROSOL cleared to raise capital on stock exchange, CEO says
Ghanaian oil marketing company PETROSOL Platinum Energy PLC has received regulatory approval to raise long-term capital on the Ghana Stock Exchange, its chief executive said, as the firm pushes deeper into renewable energy and EV solutiions.
Iraq's SOMO seeks to buy gasoil cargoes in first tender since 2025
Iraq's State Oil Marketing Organisation (SOMO) has issued a tender to purchase gasoil cargoes for delivery in August and September, marking its first buying tender since January 2025.
Nigeria's Dangote refinery raises $2.5bn ahead of planned IPO
Nigeria's Dangote Petroleum Refinery has secured $2.5bn through a private placement ahead of a planned initial public offering later this year, providing fresh funding to support the next phase of expansion at Africa's largest refinery
Canadian firm ReconAfrica reports first onshore hydrocarbon flow in Namibia
Reconnaissance Energy Africa has produced hydrocarbons to the surface during production testing at its Kavango West 1X discovery well, marking what the company described as the first successful onshore hydrocarbon flow in Namibia.
Australian firm Deep Yellow awards construction contracts ahead of Namibia uranium project decision
Deep Yellow (ASX: DYL) has awarded two major civil and concrete construction contracts for its flagship Tumas uranium project in Namibia as it advances preparations for a final investment decision expected in the fourth quarter of 2026.
West African leaders back $25bn Nigeria-Morocco gas pipeline
West African leaders have endorsed the planned $25bn Nigeria-Morocco gas pipeline, advancing a 6,800-kilometre project designed to connect 13 African countries and potentially supply gas to Europe.
Kuwait’s KPC reports damage, injuries from Iranian attacks
Kuwait Petroleum Corporation (KPC) has said that one of its oil facilities was hit on Saturday by “repeated Iranian attacks”, resulting in significant material damage and some injuries
OPEC reflects on its superpower era
War‑time disruption, sanctions and the UAE’s exit have exposed the limits of OPEC’s market power, leaving the cartel more constrained, more reactive and less central to price formation
OPEC takes aim at the IEA over oil and gas forecasts
OPEC warns that pessimistic demand forecasts and financing restrictions risk deterring oil and gas investment.
Kenyan ecosystem threatened by Dangote refinery project
A Greenpeace spokesperson has said that a planned 700,000 barrels per day (bpd) refinery set to be constructed at Kenya’s Lamu port could damage one of East Africa’s most fragile coastal ecosystems.
Yanbu port could become target amid Houthi tensions
As Saudi Arabia seeks to maximise its oil exports, daily crude loadings at the Red Sea port of Yanbu have risen to significant levels amid increased tensions with Yemen’s Houthi militia.
Indian group Navitas Solar makes African debut after securing $20mn contract in Zambia
Indian renewable energy company Navitas Solar has secured a $20mn contract to build a 54-megawatt utility-scale solar power plant in central Zambia, marking its entry into the African market, MVA Pulse reported on July 15.
Italian oil giant Eni urges Mozambican firms to boost competitiveness for gas contracts
Italian energy company Eni has urged Mozambican businesses to strengthen their competitiveness rather than rely on local content regulations if they are to secure contracts linked to the country's liquefied natural gas (LNG) projects.
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