DMEA - Downstream Middle East & Africa
Kenya to pay for products with shillings
Kenya has signed an agreement with Saudi Aramco, Abu Dhabi National Oil Co. (ADNOC) and the Emirates Oil Co. (ENOC) to allow for the purchase of oil products in Kenyan shillings owing.
Honeywell signs contract for Libyan refinery project
A subsidiary of Libya’s state-owned National Oil Corp. (NOC) has announced the signing of a contract with US-based Honeywell for the development of a new refinery near the El Sharara oilfield.
Danish oil tanker hijacked by pirates off west coast of Africa
Danish oil company Monjasa has reported losing contact with one of its product tankers, the Monjasa Reformer, after the crew reported the vessel was being boarded by pirates in the waters off the west coast of Africa.
Iraq’s new port to include oil export berths
Iraq’s Parliamentary Oil, Gas and Natural Resources Committee declared this week that the Grand Faw Port project will include six berths dedicated to oil exports as well as product storage capabilities.
Honeywell secures $500mn contract to develop Libya’s South Refinery project
US-based energy group Honeywell has secured a deal worth $500mn to implement engineering work on the South Refinery project. The contract was signed with Libya’s Zallaf for Oil and Gas, a subsidiary of the state-owned National Oil Corp.
ADNOC plans IPO for marine and logistics unit
The move follows a successful IPO in March for ADNOC Gas, which netted the state-owned company $2.5bn and was oversubscribed by more than 58 times.
Libya’s NOC to set up new unit to increase gas exports to Europe
The head of Libya’s state-owned National Oil Corporation (NOC), Farhat Bengdara, has revealed plans to attract more oil investments, boost production and introduce a new gas unit to study the possibility of increasing gas exports to Europe.
Showdown talks as court rules against independent Kurdish exports
A high-level delegation from the Kurdistan Regional Government (KRG) visited Baghdad at the weekend to engage in talks over the ongoing dispute regarding oil and gas development and exports.
DMEA: Final train launched SP Phase 14 refinery
Investors invited for new Iraqi refining projects
Iraq has invited foreign investors for seven planned refinery projects in the country, with bidding for three of these already underway.
ARDA appoints new head
Dr Mustapha Abdul-Hamid has been announced as the winner of an election for president of the African Refiners and Distributors Association (ARDA), succeeding his predecessor Marieme Ndoye Decraene from Senegal.
Fourth train of South Pars Phase 14 refinery starts production
Iranian media reported this week that the fourth and final train at the South Pars Phase 14 refinery had started production. Deputy Minister of Petroleum and National Iranian Oil Co. (NIOC) CEO Mohsen Khojastehmehr announced its initial start-up.
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