DMEA - Downstream Middle East & Africa

22 October 2021

ExxonMobil board reportedly weighs scrapping $30bn LNG project in Mozambique

21 October 2021

Following a reshuffle on its board of directors, ExxonMobil is debating whether to continue with several major oil and gas projects, including the $30bn Rovuma LNG initiative in Mozambique, the Wall Street Journal reported on October 20.

Kampala submits bill that would ease UNOC’s access to oil revenues

20 October 2021

Uganda’s government has drawn up legislation that would allow the national oil company to access the proceeds from its share of future crude production.

Egypt on target to be self-sufficient in gasoline, diesel by 2023

20 October 2021

Egypt is on target to be self-sufficient in gasoline and diesel production by 2023, Petroleum Minister Tarek El Molla has said.

Nigerian government facing growing fuel subsidy budget crisis

20 October 2021

Nigeria’s government is facing a growing budget crisis, as a subsidy policy designed to protect the population from growing oil prices is putting increasing pressure on the federal budget.

Ghana's Tema Oil Refinery ought to be privatised

20 October 2021

Senyo Hosi, the CEO of the Ghana Chamber of Bulk Oil Distributors (CBOD), has said that the Tema Oil Refinery (TOR) has to be privatised to stop it from acting as a drain on the Ghanaian economy.

AfrOil: Kampala seeks to ease UNOC’s access to oil revenues

19 October 2021

Uganda’s government has drawn up legislation that would allow the national oil company to access the proceeds from its share of future crude production.

Russian petrochemical giant Sibur launches net-zero collaboration platform

19 October 2021

Sibur will establish a Low Carbon Emitting Technologies pact with leading international chemical companies and the World Economic Forum to help coordinate climate change responses.

Sahara Group plans large investment in LPG in Africa

19 October 2021

Energy and infrastructure conglomerate Sahara Group is set to invest over $1bn in Africa to boost the energy transition on the continent.

Malabo’s big dreams for Mega Gas Hub

14 October 2021

Equatorial Guinea could become a major hub for regional gas trade – if its plans come together.

Buhari hails establishment of new NOC

14 October 2021

Nigeria’s President Muhammadu Buhari says the newly incorporated Nigerian National Petroleum Co. Ltd (NNPC Ltd), with a capitalisation of NGN200bn ($487mn) will become a globally competitive firm.