DMEA - Downstream Middle East & Africa

Ongoing shifts in Venezuela’s relationships with Russia, Iran

Russia’s entry into the ranks of countries sanctioned by the US appears to be damaging ties with Venezuela – and giving Venezuela reasons to expand its existing co-operation with Iran.

Iranian energy researcher voices doubts about gas swap agreement between Moscow and Tehran

Morteza Behruzifar, a researcher at Iran’s Institute for International Energy Studies (IIES), has said he does not expect the signing of a natural gas swap agreement between Tehran and Moscow to bear much fruit.

DMO chief says gasoline subsidies are main driver of Nigeria’s swelling public debt

Egypt plans to privatise military-owned firms Safi, Wataniya Petroleum by year's end

Oil begins flowing to Iraq’s Karbala refinery

Iraq’s Oil Ministry announced on September 25 that the Karbala refinery had begun receiving feedstock in preparation for trial production.

RWE signs documents with ADNOC on LNG supplies

Germany’s RWE revealed on September 25 that it had signed documents with Abu Dhabi National Oil Co. (ADNOC) of the UAE on LNG supplies.

Middle East Oil Refinery expansion to raise refining capacity by 60% – Egyptian minister

Turkish-Dutch Yildirim to acquire stake of Austria’s Borealis in Belgium-based fertilizer producer Rosier

First deal signed for Qatar’s North Field South

QatarEnergy names TotalEnergies as first foreign partner in NFS project

QatarEnergy has named TotalEnergies (France) as its first foreign partner in the North Field South (NFS) expansion project, which aims to lift Qatar’s LNG exports by 16mn tonnes per year.

GASCO connects BP’s offshore Raven natural gas field to butane extraction plant in Al-Amirya

DMEA: ARIA Commodities to build new downstream facilities in HFZA

UAE-based ARIA Commodities will invest AED154mn ($41.93mn) in the construction of four new downstream and petrochemical facilities in the Hamriyah Free Zone (HFZA) in Sharjah.

Cameroon: SONARA, Vitol strike deal on debt restructuring

SONARA, Cameroon’s state-owned oil refining firm, signed an agreement with the Dutch commodities trader Vitol that will settle $279mn worth of outstanding debts on September 23.