DMEA - Downstream Middle East & Africa

Egypt exports 2.5mn tonnes of LNG in the year to April.

Egypt exported about 600,000 tonnes of liquefied natural gas in April 2023, bringing total exports for the year to April to 2.5mn tonnes.

Eni chief says EastMed Gas Pipeline would need Turkey’s participation

Eni CEO Claudio Descalzi has told an Italian parliamentary committee that construction of the proposed 1,900-km, $6bn EastMed Gas Pipeline would require the participation of Turkey if it is to become a reality.

Dangote Petroleum Refinery aims to slash Nigeria's $26bn petroleum import bill

Nigeria’s newly constructed Dangote Petroleum Refinery is a step towards helping the country tackle its $26bn foreign exchange bill for imported petroleum products and fertiliser, the Governor of the Central Bank of Nigeria (CBN) has said.

Tullow Oil searching for new partners in Kenya crude project following sudden exit of TotalEnergies, Africa Oil

Turkey and ship-to-ship loadings said to remain top destination for Russian diesel exports in May

Iran planning to launch large condensate refinery within 10 months

nogaholding sukuk five times oversubscribed

Bahrain’s Oil & Gas Holding Co. (nogaholding) has announced the successful pricing of $750mn worth of international trust certificates, which are set to mature on May 25 and carry a profit rate of 6.625%.

Shell, Equinor expect to sign HGA, PSA for Tanzania LNG project within next few weeks

Shell (UK) and Equinor (Norway) are preparing to sign a host government agreement and a production-sharing agreement for Tanzania LNG, an ambitious natural gas production and export project, in the near future.

Cyprus subdued in response to Eni statement that Turkey’s participation needed for EastMed pipeline to go ahead

Abu Dhabi National Oil Company eyeing purchase of stake in Egyptian military-owned gas stations

Abu Dhabi National Oil Company (ADNOC) is among leading contenders to purchase a stake in military-owned gas stations, Wataneya Petroleum, as part of the Egyptian government’s privatisation programme.

AfrOil: Tanzania revises cost of LNG project upward to $42bn

Libya resumes gas exports to Italy after Mellitah plants upgrade

Last week, around 3mn cubic metres of gas arrived at the arrival point in Gela in Sicily. The amount, however, is only nearly one third of the 9 mcm Italy usually receives daily from the Mellitah plants.

DMEA: Tazama rupture causes fuel spill

Trade between Iran and India falls 24% y/y to $510mn in 1Q23

Saudi agricultural sector to cut liquid fuels consumption

Tanzanian pipeline leak results in significant fuel spill

Algeria reports rise in LNG exports as it becomes Africa’s top exporter

According to a report by the Organization of Arab Petroleum Exporting Countries (OAPEC), the North African country reported that exports climbed to about 2.8mn tonnes in the first quarter.