DMEA - Downstream Middle East & Africa
Home to one of the world’s largest gas deposits, Qatar has been shifting gears on projects to raise LNG production through its North Field East (NFE) and North Field South (NFS) projects, but other downstream developments are also gathering pace.
Kuwait’s Al-Zour refinery is ramping up towards its 615,000 barrel per day capacity this year, potentially plugging a supply gap in Europe while meeting further demand in Africa and Asia.
Afreximbank loan deal with South Sudanese oil marketer Trinity Energy raises money laundering, bribery red flags, report claims
Western sanctions have forced Russia to send its oil to Ghana for storage after existing pools of buyers shrink. On February 24, the St Kitts and Nevis-flagged Theseus arrived in Tema from a Black Sea port carrying 600,000 barrels of Russian crude.
Saudi Aramco Base Oil Co. (Luberef) has announced the signing of an engineering procurement and construction contract with Egypt’s Petrojet for the expansion of its Yanbu facility.
Alessandro Puliti, the CEO of the Italian oilfield services provider (OSP) Saipem, expects work on the Mozambique LNG project, led by France’s TotalEnergies, to resume in July of this year.
Hungary will be able to import liquefied natural gas from Egypt starting 2026 as the central European country seeks to diversify its energy sources away from Russia, the two country’s leaders agreed in Cairo.
Eni CEO Claudio Descalzi says Africa is a vital source of natural gas for Europe as the Continent attempts to reduce its dependence on supplies from Russia.
China Petroleum Engineering & Construction Co. (CPECC) has signed a deal with TotalEnergies to construct ground facilities for the Tilenga oilfield in Uganda.
Alexey Miller, the CEO of Gazprom, is scheduled to visit Tehran on this week to hold discussions with senior officials of Iran's oil and gas sector. The Iran embassy in Moscow has confirmed this news.
Abu Dhabi National Oil Co. (ADNOC) has announced that it will increase the stake in its gas business being offered in an initial public offering from 4% to 5%.
Egyptian public sector companies and Norway’s Scatec sign deal to invest in green ammonia production
Two Egyptian public sector companies, Egyptian Petrochemicals Holding Co. (ECHEM) and Misr Fertilizers Production Co. (MOPCO), have agreed with Norway’s Scatec to invest in a new domestic green ammonia production facility using green hydrogen.
Saudi Aramco Base Oil Company (Luberef) has signed a SAR555mn ($148mn) engineering, procurement and construction (EPC) contract with Egypt’s Petrojet for the expansion of Yanbu facility (Growth II),
Algeria’s gas production is expected to increase by 10bn cubic metres starting in 2024 as the government and state-owned group Sonatrach are reinforcing deals with foreign energy firms such as Italy’s Eni.
Chevron (US) has agreed to co-operate with Egypt’s Ministry of Petroleum and Mineral Resources with the goal of reducing methane emissions in the oil and gas sector.