DMEA - Downstream Middle East & Africa
Asian refiners were recently informed by Kuwait Petroleum Co. (KPC) that the supply of Kuwait Export Blend crude could be reduced by April under terms stipulated in new annual contracts.
Nigeria’s LNG output has floundered in 2023, with a string of issues leaving the country’s six-train LNG facility on Bonny Island in the Niger Delta producing far below capacity since last year.
Talks between Baghdad and French firm TotalEnergies are yet to find a resolution to sticking points that threatened to scupper the delayed $27bn deal.
Tanzania starts licensing companies to build compressed natural gas filing stations amid push to wean off petrol
ExxonMobil Corp. is contemplating restarting the Rovuma LNG project in Mozambique’s restive Cabo Delgado Province in the country’s north. The company has called for expressions of interest to design and construct the LNG plant.
Russia’s Lukoil says Marine XII, a licence area located offshore the Republic of Congo (ROC), is set to begin producing LNG before the end of the year.
Ahead of elections, Erdogan administration appears to be caving to some Western sanctions enforcement demands, perhaps fearing action that could hurt the Turkish economy prior to polling day.
The Iranian Ministry of Petroleum this week released a statement expressing its willingness to accept foreign investment in its oil and gas projects.
Angola LNG confirmed on March 22 that it had cancelled tenders for LNG cargoes scheduled for delivery in April because of problems on its production line.
Egypt’s import bill for hydrocarbons and their by-products retreated by $76mn to $1bn in December 2022
Egypt’s import bill for hydrocarbons and their by-products retreated by $76mn to $1bn in December 2022, mostly affected by falling imports of crude oil and refined petroleum products.
The African Export-Import Bank (Afreximbank) is currently engaged in talks with Senegal’s state oil refiner to provide $500mn in syndicated finance to facilitate an upgrade of the country’s sole refinery.
NLNG has reportedly seen utilisation rates rise since the beginning of 2023, marking a partial recovery from the production issues it experienced in Q4 2022.
US-based New Fortress Energy (NFE) confirmed on March 15 that it had concluded the sale of its entire stake in the Hilli Episeyo, an FLNG vessel operating offshore Cameroon, per the terms of the deal it signed with Bermuda-registered Golar LNG.
After many years of waiting, Angola is expected to see the launch of two new refineries between now and 2026.