DMEA - Downstream Middle East & Africa

Iranian gas issues hamper petchem exports

Iranian officials have said that chronic natural gas shortages have affected the country’s ability to export petrochemical products.

Iran suffers fuel problems as smuggling reaches all-time high

Iranian Deputy Oil Minister Jalil Salari told state media this week that around 10mn litres per day of diesel is being smuggled out of Iran, owing to its competitive market price.

Financiers exit $2.8bn NNPCL pipeline project

The Nigerian National Petroleum Company Limited (NNPCL) has confirmed the exit of financiers from its $2.8bn Ajaokuta-Abuja-Kano pipeline project.

Iran’s Bandar Abbas oil refinery set for $2.2bn upgrade focused on high value-added products

Nigeria's $2.8bn AKK gas pipeline project to inject 3,600 MW of electricity into national grid, NNPCL says

The $2.8bn Ajaokuta-Kaduna-Kano (AKK) gas pipeline project will be a significant boost to the Nigeria’s energy sector, Mele Kyari has revealed.

Aramco ships accredited low-carbon ammonia to Japan

Majority state-owned Saudi Aramco announced this week that its first shipment of independently certified low-carbon ammonia has arrived in Japan for use in power generation.

Nigeria must investigate 149mn 'missing' barrels of crude oil, SERAP watchdog says

Socio-economic Rights and Accountability Project (SERAP), a Nigerian NGO, has called on outgoing President Muhammadu Buhari to set up a panel to investigate allegations that more than 149mn barrels of crude oil have gone missing.

DRC angles for EACOP access

TotalEnergies says EACOP has no room for oil from other suppliers, but Uganda says the midstream project was always supposed to include DRC.

Russian and Saudi leaders ‘satisfied’ with oil cuts

Russian President Vladimir Putin and Saudi Arabia’s Crown Prince Mohammed bin Salman have expressed satisfaction with the current oil prices during a phone call last week.

DMEA: NNPC makes pipeline investments

Nigerian Attorney General to provide information on alleged $2.4bn illegal sale of crude oil

The Minister of Justice and Attorney General of Nigeria, Abubakar Malami, has promised to provide information on the alleged illegal sale of 48mn barrels of crude oil worth over $2.4bn.

Workers call for TOR revival

Employees from Ghana’s Tema Oil Refinery (TOR) have attempted to save the refinery from closure, calling on the government to revive the plant and blaming it for being unable to ensure feedstock supplies.

Nigeria's NLNG failing to meet gas export obligations due to pipeline vandalism

Nigeria Liquefied Natural Gas (NLNG) is currently failing to meet its gas export obligations to customers, primarily due to the vandalism of gas pipelines and theft.

Nigeria paid $200mn fee without due process in connection with stolen oil sold in China, lawmakers say

A Nigerian House of Representatives ad-hoc committee investigating the alleged sale of stolen crude oil in China alleges the government paid $200mn to two companies as a consultancy fee without due process.