DMEA - Downstream Middle East & Africa
Building commences on Shaheen project
A ceremony was held last week in Ulsan, South Korea, to mark the start of work on the $7bn Shaheen integrated petrochemical plant located in Onsan Industrial Complex.
Uganda and Algeria sign partnership for oil and gas projects
Uganda National Oil Co. (UNOC) and its Algerian counterpart Sonatrach have signed a memorandum of understanding for the development of oil and gas projects in Uganda.
Presidential hopeful states TOR revival goal
Dr Kwabena Duffor, presidential candidate for the National Democratic Congress (NDC) of Ghana, has said that he will prioritise the restoration of the Tema Oil Refinery to full capacity if elected.
Niger's president touts benefits of planned oil pipeline to Benin
Niger's President Mohamed Bazoum has said that a planned pipeline carrying crude from Niger's Agadem oilfield to the southern Benin port of Sèmè will provide numerous benefits to both countries.
Aramco posts best ever results
This week, Saudi Aramco announced its full-year 2022 financial results, revealing a record net income of $161.1bn – its highest annual profits as a listed company. Aramco also declared a Q4 dividend of $19.5bn, which will be paid in Q1 2023.
Iran offering crude, gas and condensate on IRENEX
Iranian Oil Minister Javad Owji said at the weekend that crude oil and gas condensates would be sold to foreign customers on the Iran Energy Exchange (IRENEX). They would be available to domestic buyers at the same price during a particular period.
Iranian exports reach highest level since 2018
Iranian Oil Minister Javad Owji has said the country’s crude exports have reached the highest level since the re-imposition of US sanctions in 2018, state media reported.
Iraqi minister reveals expected scale of solar, gas output
Iraqi Oil Minister Hayan Abdulghani revealed that the government is planning to increase its focus on gas investment, while also investing in solar energy projects, during the Iraq Climate Conference.
DMEA: Modular refinery expansion complete
KwaZulu-Natal in talks about Sapref’s future
South Africa’s KwaZulu-Natal provincial government has announced it is discussing the future of the Sapref refinery with the Department of Mineral Resources and Energy (DMRE) and operators Shell and BP. The 180,000 bpd plant is located near Durban.
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