DMEA - Downstream Middle East & Africa

9 March 2023

Investors assume control over biofuel refinery project

8 March 2023

Nigeria’s Kebbi State has handed over control of a recently completed ethanol-based biofuel refinery to a group of companies following the recent completion of construction.

Iran and Oman sign cross-sector MoU

8 March 2023

Iran and Oman’s energy ministers met in Tehran this weekend and announced the signing of a memorandum of understanding covering joint development across oil, gas and petrochemicals.

Explosion near illegal refinery site in Nigeria.

8 March 2023

Twelve people were killed in an explosion near an illegal oil refinery in Nigeria’s Niger Delta last week according to a police report, although local reports suggest the death toll is higher.

Aramco signs $6bn deal to support Korean firms in-Kingdom

7 March 2023

Saudi Aramco has agreed a $6bn framework deal with the Export-Import Bank of Korea to assist South Korean companies in securing Saudi contracts. The three-year agreement was signed by Eximbank's head Yoon Hee-Sung and Aramco CFO Ziad Al-Murshed.

Tanzania completes talks with Equinor and Shell on $30bn LNG project

7 March 2023

Tanzania has concluded negotiations on a $30bn LNG project with Equinor (Norway) and Shell (UK), creating an opportunity for launching the development of the country’s vast offshore natural gas resources after years of delay.

Jordan keen to raise oil imports from Iraq

6 March 2023

Jordan aims to boost its oil imports from Iraq, with negotiations currently underway to renew the memorandum of understanding (MoU) between the two countries for the supply of Iraqi crude oil.

Diesel shortage looms in Nigeria despite planned Dangote Refinery opening, S&P warns

6 March 2023

Nigeria may experience a shortage of diesel supply in the short term, despite the upcoming opening of the new Dangote Refinery in Q4 2023, according to a report by S&P Global Commodity Insights.

Top South African industrial heating fuel supplier FFS Refiners signs final gas supply agreement with Kinetiko Energy

6 March 2023

FFS Refiners Proprietary Ltd, a leading supplier of industrial heating fuels in South Africa, has signed a non-binding memorandum of understanding with Kinetiko Energy that will see the finalisation of a gas supply agreement.

Global energy sector emissions reach new high in 2022

5 March 2023

Global energy-related CO2 emissions reached a new record in 2022 of 36.8bn tonnes, inching up 0.9% from the previous year’s level, the International Energy Agency reported last week.