DMEA - Downstream Middle East & Africa

Tanzania reports progress in talks on LNG project

Tanzania’s government is reportedly making progress in talks with Equinor (Norway) and Royal Dutch Shell (UK/Netherlands) on the resumption of work at an LNG project worth $30bn.

Iran’s Persian Gulf Star Refinery oil product exports ‘up 200%’

Mubadala joins EIG in Aramco pipeline consortium

Iran suggests India stores oil at Jask

Mombasa Gas Terminal to use World Bank loan for LPG terminal construction

International Finance Corp. (IFC), an arm of the World Bank, has reportedly agreed to lend a Kenyan fuel company about $23mn for the construction of the first phase of a new LPG terminal.

Savannah in advanced discussions on acquisition of ExxonMobil assets in Chad, Cameroon

UK-based Savannah Energy is looking to acquire a package of upstream and midstream assets in Chad and Cameroon from ExxonMobil (US).

Egypt kicks off work at Suez petrochemical facility

Iraq continues to court Saudi investments

Aramco returns to markets for $5bn bond

Dangote kicks off urea production

DMEA: Egyptian petchems and Nigerian urea

National Bank of Egypt provides $58.37mn financing to TAQA Arabia to build CNG fuelling stations

IGU upbeat on global LNG outlook

The International Gas Union’s annual LNG report is upbeat on the outlook for global LNG, and has talked up the role the fuel will play in post-pandemic recovery and the energy transition.

Blaze at Tehran refinery sees operations suspended