DMEA - Downstream Middle East & Africa
Reading between the lines on Owji’s El Palito announcement
Did Iran’s oil minister hail Tehran’s launch of a new refinery in Venezuela, or did he express relief over the resolution of a problem that arose earlier this year?
Volume of Russian fuel delivered to Middle East remains high in September
Russia continued to deliver higher than usual volumes of petroleum products to buyers in the Middle East in September, even though deliveries dropped month on month.
Nakilat reports net profits, revenues up in Q3-2022
Nakilat, the Qatari LNG shipping company, has reported that its net profits and revenues went up in the third quarter of 2022.
NLNG’s force majeure declaration leads Galp to assess impact on supplies
Portugal’s Galp indicated on October 17 that it was assessing the impact on its supply chain after receiving notice that the Nigeria LNG (NLNG) consortium had declared force majeure on deliveries.
IEA representative: lenders should not cut off financing for African oil & gas projects
Mary Wartick, the deputy executive director of the International Energy Agency (IEA), has called on international lenders to show more willingness to fund oil and gas projects in Africa.
Nigeria’s Oilserv shows interest in building gas pipelines to Morocco, Algeria
Oilserv, one of Nigeria’s largest oilfield services providers, is ready to participate in either of the two major natural gas pipeline projects that the national oil company (NOC) is considering.
SABIC launches United Ethylene Glycol Plant 3 in Jubail
Saudi Basic Industries Corp. (SABIC) reported on October 17 that it had launched commercial operations at the United Ethylene Glycol Plant 3 in Jubail.
Saudi petchem Sipchem reports net profits, revenues up in 9M-2022
Sahara International Petrochemical Co. (Sipchem) saw its net profits and revenues rise in the first nine months of 2022, according to an interim report released on October 18.
South Africa's coal-to-fuels giant Sasol, steel maker ArcelorMittal seal partnership to decarbonise operations
Nigeria signs MoUs on pipeline to send gas to Morocco
DMEA: Iraq takes downstream path to OPEC+ compliance
Iraq has decided to carve out a path towards compliance with OPEC+ production targets through the downstream sector rather than the upstream sector in November.
AfrOil: Tanzania, Kenya agree to fast-track gas pipeline
The governments of Tanzania and Kenya have agreed to fast-track plans for the construction of a natural gas pipeline that will eventually connect Dar es Salaam to Nairobi.
Nigeria’s Dangote Refinery now 97% complete, NMDPRA chief says
BP, Kosmos gain more gas for LNG via deal with Mauritania on block containing BirAllah, Orca gas fields
BP (UK) and Kosmos Energy (US) appear to have signed a preliminary deal for Block C8, a natural gas-bearing licence area offshore Mauritania, with the country’s Ministry of Petroleum, Mines and Energy.
Tanzania, Kenya agree to fast-track gas pipeline
Tanzania and Kenya have agreed to fast-track plans for the construction of a natural gas pipeline that will eventually run from Dar es Salaam to Nairobi.
KNPC to award replacement substation contract for Al Ahmadi refinery in Q1-2023
Kuwait National Petroleum Co. (KNPC) has pushed back the schedule for awarding an EPC contract for the replacement of electrical substations at the Mina Al Ahmadi refinery.
Iraq will cut refinery runs to comply with OPEC+ quotas, OPEC rep says
Iraq has decided to carve out a path toward compliance with OPEC+ production targets through the downstream sector rather than the upstream sector in November.
Tunisia’s petrol crisis is deepening
Tunisia’s petrol supply crisis is still going amid shortages of some subsidised goods, deepening the country’s economic crisis.
Morocco-Nigeria gas pipeline project awaits $25bn funding deals
Nigerian Senators reject President's proposal on scrapping of controversial fuel subsidy
DMEA: UAE’s retail fuel consumption up
The UAE is seeing retail fuel consumption grow on the back of improvements in the economy, but without returning to the level that prevailed before the coronavirus (COVID-19) pandemic.
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