DMEA - Downstream Middle East & Africa
Barkindo: Downstream factors play a key role in oil price volatility
Mohammad Sanusi Barkindo, the late secretary-general of OPEC, said hours before his death that constraints in the downstream sector were making a bigger contribution to the volatility of oil prices than most observers realise.
OPEC secretary-general dies in Abuja
Mohammad Sanusi Barkindo, the secretary-general of OPEC, died unexpectedly in Abuja late on July 5.
Nigeria has exported $1bn of gas to Portugal this year alone
The Nigerian National Petroleum Company Ltd has sold over $1bn of natural gas to Portugal so far in 2022, it has revealed.
QatarEnergy names Shell as its final NFE partner
OPEC members provide refining capacity update
DMEA: OPEC gives refining update
Nigeria will not remove fuel subsidy, government reveals
Nigeria will not be removing its fuel subsidy, despite the high cost to the country’s budget, Information Minister Lai Mohammed said on July 4.
Iraq makes discoveries in Nineveh
Nigeria: Eterna promises to ‘deliver value’ by investing in LPG
Eterna plc, a Nigerian manufacturer and distributor of lubricants and chemicals, is set to invest in LPG, it revealed at its 29th annual general meeting in June.
Nigerian gas company Tetracore aims to launch IPO by year-end
Tetracore, a Nigerian natural gas producer and distributor, has said it hopes to start listing its stock on a foreign exchange before the end of the year.
Nigeria could witness ‘mother of all queues’ due to fuel debts, retailers warn
The Independent Petroleum Marketers Association of Nigeria has warned that Nigeria could witness “the mother of all queues” if the government fails to pay money owed to the oil sector.
Iran's refining capacity reaches 2.2mn bpd
Iranian refinery capacity bounces back
CBN says rising crude prices are not helping Nigeria due to sluggish oil revenues, high gasoline subsidies
The Central Bank of Nigeria (CBN) says the rise in world crude oil prices is not benefiting the government’s finances, as spending on domestic gasoline subsidies is rising more quickly than oil revenues.
Nigeria’s UTM Offshore aims for FID on Yoho FLNG project in Q2-2023
Nigeria’s UTM Offshore is looking to make a final investment decision on a floating LNG project at the Yoho offshore oilfield in the second quarter of 2023.
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