DMEA - Downstream Middle East & Africa
Iraq recently received bids from foreign companies for contracts to build five planned refineries following the Ministry of Oil’s solicitation last month. The push for new capacity is part of broader efforts to slash imports and resolve shortages.
Oil marketers in Kenya have gone to court aiming to stop planned fuel imports from the UAE in a deal that officials have said will ease pressure on dollar reserves.
The launch brings the 230,000-barrel per day facility closer to full operations, with more to follow on its hydrocracking and petroleum coking units. On completion, the facility will produce naphtha, LPG, jet fuel, diesel, sulphur and petroleum coke.
TotalEnergies’ caution on Mozambique LNG may signal that ExxonMobil’s Rovuma LNG will remain on hold for a while.
Iran has signed over $80bn of memoranda of understanding (MoUs) with foreign investors to finance its oil projects, said Houshang Falahatpour, Iran's deputy oil minister.
Some parts of Ghana are expected to see interruptions in power supply for 14 days as the Ghana Gas Company Limited conducts a temporary shutdown of the Atuabo Gas Processing Plant for maintenance.
Shell (UK) has said it intends to continue its jet fuel supply operations at airports in South Africa, in contrast to BP.
OPEC and several of its partners in the OPEC+ group made a surprise announcement over the weekend, declaring that they would make a voluntary oil production cut of 1.15mn barrels per day, which will run until the end of the year.
The Edo modular oil refinery in southern Nigeria has increased production by processing crude sourced from the Oza field.
Timipre Sylva, Nigeria’s Minister of State for Petroleum Resources, is reported to have resigned his post, Argus Media said on March 31.
Algeria and France are expected to resume negotiations for supplying an additional Algerian share of gas to France when two presidents meet in Paris in early May.
The East African Crude Oil Pipeline, responsible for constructing the 1,443-km oil pipeline from Uganda's Lake Albert oilfields to the port of Tanga in Tanzania, has made good progress in the search for 60% debt financing to complete the duct.
Aramco this week announced the investment of billions of dollars as part of its push for downstream growth in China, highlighting the company’s goals to expand in Asia.