DMEA - Downstream Middle East & Africa
Hormuz closure threatens global chemicals supply chains, Fitch warns
Fitch warns a prolonged Hormuz closure threatens global chemicals supply chains, with force majeure declarations already emerging and material credit risks building across Gulf, European and Asian producers.
South Africa looks to re-start Sapref refinery as oil prices become increasingly volatile
The South African Parliament’s Portfolio Committee on Mineral and Petroleum Resources said this week that it had not received any updates from the Central Energy Fund (CEF) on whether it was close to completing a study.
Nigeria’s petrol imports drop 29% to $10bn as Dangote refinery boosts local supply
Nigeria’s petrol import bill fell 28.88% year on year to $10bn in 2025 as domestic refining capacity expanded, driven by increased output from the Dangote Refinery.
Iran tells ‘non-hostile vessels’ they can pass through Strait
Tehran has formally notified the International Maritime Organization (IMO) that “non-hostile vessels” may now navigate the Strait of Hormuz, provided they act “in co-ordination with Iranian authorities”.
Ukraine keen to buy LNG from Mozambique, both countries' presidents agree to maintain regular contact
Ukraine is scouting for alternative sources of gas following the disruption of supplies over the past month due to the armed conflict between Israel and Iran.
Nigeria’s oil and gas stocks lead equities rally in 2026
Nigeria’s oil and gas stocks have led gains on the local bourse, lifting the NGX Oil & Gas Index by 60.83% year to date as of March 18 and making it the best-performing sector in a broader equities rally,
Nigeria posts crude oil and condensate output shortfall of 16.6mn barrels in January-February
Nigeria produced about 16.6mn fewer barrels of crude and condensate than budgeted in January–February 2026, equivalent to roughly $1.8bn at current prices
Crude market volatility reflects Trump administration’s unpredictable war moves, says analyst
The US has temporarily lifted sanctions to permit the sale and delivery of Iranian oil, allowing for up to 140 million barrels of crude to enter global markets over the coming weeks.
Jordan reassures adequate fuel supplies and stable reserves
Jordan has sufficient and reassuring reserves of petroleum products, with continuous shipments of oil and gas arriving in the country.
Nigeria steps up $20bn gas pipeline push to supply Europe
Nigeria is intensifying talks on a proposed $20bn gas pipeline to Europe, aiming to deliver up to 30bn cubic metres of gas annually and strengthen both its economy and European energy security
Nigeria’s Dangote refinery exports 456,000 tonnes of fuel across Africa
Nigeria’s Dangote refinery has exported 456,000 tonnes of fuel to five African countries, signalling a shift in regional supply dynamics amid rising demand and global disruptions.
Egypt among most ill-equipped to withstand Iran war energy shock long term
Egypt is among the least equipped to absorb a long-term oil shock owing to weak macro buffers, leaving it highly sensitive to rising import costs, FX pressure, and fiscal strain.
Saudi officials model $180 oil scenario as Hormuz blockade persists
Saudi Arabian oil officials are modelling scenarios where crude prices could exceed $180 a barrel if supply disruptions in the Middle East continue beyond April, according to a report by the WSJ.
Namibia's Nasan Energies gets regulatory approval to acquire 52 fuel stations from Vivo Energy
Namibia’s Nasan Energies (Nasan) has received regulatory approval to acquire 52 Shell and Engen-branded fuel service stations in the country from Vivo Energy plc's (LSE:VVO) local subsidiary.
Israel escalates war with attack on South Pars
As the war in the Middle East enters its third week, strikes have become increasingly escalatory, with Israel opting to hit Iran’s South Pars gas field, and Iran launching attacks on Qatar’s energy infrastructure in response.
Angola's Cabinda oil refinery construction complete, undergoing final technical testing before start-up
Construction of Angola’s second oil refinery is complete, with its commissioning expected within days.
Dangote and marketers partner to expand Nigeria fuel supply network
Dangote Petroleum Refinery has partnered with major fuel marketers to expand Nigeria’s fuel distribution network and reduce supply risks associated with reliance on a single producer
Ghana opposition mounts pressure on government to scrap fuel levy amid price surge
Ghana’s parliamentary Minority has urged the government to scrap a GHS1 levy on petroleum products, warning it is worsening the burden on consumers as fuel prices rise.
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