DMEA - Downstream Middle East & Africa

13 April 2023

Nigerian politicians summon government officials over alleged illegal sale of crude oil to China

12 April 2023

The Nigerian House of Representatives ad hoc Committee investigating the alleged loss of over $2.4bn in revenue from the illegal sale of 48mn barrels of crude in 2015 has summoned Minister of Finance Zainab Ahmed and Attorney General Abubakar Malami.

Nigerian group calls for refinery revamp, anti-corruption campaign

12 April 2023

Nigeria’s Human Environmental Development Agenda (HEDA) has urged the country’s government to prioritise the eradication of corruption and rehabilitation of domestic refineries before removing fuel subsidies.

Iraq asks court to enforce Turkey arbitration

12 April 2023

Iraq is seeking to enforce an arbitration award against Turkey relating to oil exports through a pipeline to a Turkish port, according to documents filed with a US federal court.

Iran begins importing fuel from Russia

12 April 2023

Russia has commenced fuel exports to Iran by rail this year for the first time, after traditional buyers opted to avoid trade with Moscow. Iran and Russia, both under Western sanctions, are forging closer ties to support their economies.

Tatneft snaps up Turkish filling chain

11 April 2023

Tatneft has bought a chain of over 570 gas filling stations in Turkey for $320mn, representing a rare acquisition for the Russian oil company abroad in the last year.

Felix Egypt to invest $110mn in El Sokhna polyethylene factory over two years

11 April 2023

Felix Egypt, a subsidiary of Felix Industries India, has committed to invest $110mn over two years to build a polyethylene factory in El Sokhna Industrial Zone. The facility is planned to have 30,000 tonnes of capacity monthly.

Oil flows to Jordan stop despite Iraqi approval

10 April 2023

Exports of Iraqi crude to Jordan halted last week despite the Iraqi Cabinet having approved the renewal of the mechanism under which oil had been trucked across the border since 2021.