DMEA - Downstream Middle East & Africa
Nigerian Exchange seeks pan-African participation in Dangote Refinery IPO with up to $50bn valuation
The Nigerian Exchange Group (NGX Group) is positioning the planned initial public offering (IPO) of Dangote Refinery and Petrochemicals FZE as a pan-African investment opportunity
Ecobank Ghana mandated to raise $200mn for Sentuo refinery expansion
Ecobank Ghana has been mandated to arrange $200mn in financing for the expansion of the country’s first privately owned oil refinery, built by China’s Sentuo Group.
Nigeria’s GAIL advances plans for 100,000 bpd Ogun refinery project
Gasoline Associates International Limited (GAIL) is advancing plans for a 100,000-barrel-per-day refinery
Israeli strike hits Iran’s Mahshahr petchem hub for third time since war began
Iran’s major petrochemical hub in Mahshahr came under Israeli air attack for the third time since the US and Israel launched their war against the country in late February, prompting an emergency evacuation of personnel from the industrial zone.
Geopolitical crises are the new norm for energy markets
Geopolitical disruptions are becoming a permanent feature of global energy markets rather than isolated crises.
Algeria, Nigeria and Niger launch construction on Trans-Saharan Gas Pipeline
Algeria, Nigeria and Niger have launched construction on the Algerian section of the Trans-Saharan Gas Pipeline, advancing a long-delayed project designed to transport up to 30bn cubic metres of Nigerian gas
Cameroon advances Kribi hydrocarbon terminal to boost fuel security and storage
Cameroon has secured presidential approval for financing a major hydrocarbon terminal at the deep-water port of Kribi, aims to nearly double the country's petroleum-storage capacity and significantly expand LPG reserves.
Gulf producers accelerate bypass strategies to counter vulnerabilities
Gulf oil producers are accelerating talks to construct bypass pipelines because the prolonged closure of the Strait of Hormuz exposes severe vulnerabilities for isolated exporters
Nigeria’s Dangote refinery raises throughput above nameplate capacity to 700,000bpd ahead of IPO
Nigeria's Dangote Petroleum Refinery has upped crude processing to 700,000 bpd, exceeding its 650,000 bpd nameplate capacity, and confirmed plans to double throughput to 1.4mn bpd as it pursues an IPO.
Iraq's PM directs Kurdistan oil companies to resume operations as war hits revenue
Iraq has directed oil companies operating in the Kurdistan region to resume production from June 4, marking the first significant move to revive output since the outbreak of the Iran war in late February.
Dangote claims Nigerian government, NNPCL, sabotaging refinery operations
Dangote Petroleum Refinery and Petrochemicals FZE has accused the Nigerian government of undermining its operations and deliberate sabotage, according to The Punch, claiming that it has failed in its obligation to ensure adequate crude supply.
Kuwait to restore 70% of oil production within weeks as Hormuz reopens, KPC says
Kuwait could restore nearly 70% of its oil production within six to eight weeks after the Strait of Hormuz reopens.
Kenya moves ahead with refinery project despite resistance from local fuel importers
Kenyan President William Ruto revealed last week that Kenya had agreed to construct a large-scale regional oil refinery with Nigerian billionaire and CEO of Dangote Group, Aliko Dangote.
Saudi Aramco transfers PRefChem stakes to Petronas
Saudi Arabia’s state-owned oil major, Saudi Aramco, is set to transfer its equity stakes in PRefChem refining and petrochemical joint ventures (JVs) in Malaysia to Petronas, according to a joint statement made by the companies on June 1.
Cameroon earns $21mn from Chadian oil transit in January-April, up 11%y/y, as pipeline volumes rise
Cameroon earned CFA12.2bn ($21mn) in transit fees from Chadian crude exports during the first four months of 2026, an 11% increase y/y driven by the movement of 16.1mn barrels through the Chad-Cameroon pipeline.
Senegal accelerates development of 400km gas pipeline network
Senegal is accelerating the development of a nearly 400km natural gas pipeline network to connect offshore production with domestic power plants, industrial users and regional export routes
Shell documents show concerns over Nigerian pipeline risks amid $1bn lawsuit
Internal Shell documents disclosed in a UK court case show the company continued operating a major Nigerian oil pipeline for years despite oil theft, sabotage and infrastructure problems
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