DMEA - Downstream Middle East & Africa

Strong tourism demand, lower fuel prices to support Turkish aviation sector says HSBC

Nigeria slashes fuel subsidies but endangers the naira

Nigeria Labour Congress suspends strike over fuel subsidy after court ruling, government meeting

Nigerian electricity sector workers declare nationwide strike over removal of fuel subsidies

Saudi cuts deeper as OPEC+ extends deal

Saudi Arabia has announced that it will cut its oil output by 1mn barrels per day in July, with OPEC+ agreeing to extend its current deal until next year.

DMEA: Subsidies no longer affordable

NewMed building subsea pipeline linking LNG facilities in Egypt to Aphrodite offshore gas reservoir

NewMed, the developers of Cyprus’s Aphrodite offshore natural gas field, plans to build a subsea pipeline linking the offshore gas reservoir to existing Egyptian liquefied natural gas processing facilities, local media report.

Montfort acquires Uniper’s Fujairah marine fuels business

German firm Uniper has sold its UAE-based crude oil processing and marine fuel trading business to a consortium of Montfort and the Private Office of Sheikh Ahmed Dalmook Al Maktoum.

Nigeria can no longer afford fuel subsidy, NNPCL says

Nigeria’s NNPC Ltd has said that the country’s government can no longer afford to pay for costly fuel subsidies, said the company’s managing director Mele Kyari, a day after Nigeria’s President Bola Tinubu said the subsidy would be scrapped.

Kuwait’s Al-Zour refinery delayed until end of summer

Kuwait Petroleum Corp. CEO Sheikh Nawaf al-Sabah said this week that commissioning of the third section of the Al-Zour refinery had been delayed owing to a technical issue. The fault meant that the refinery had to halt all operations for two weeks.

Saudi and Azerbaijan sign broad energy deal

Saudi and Azerbaijan sign broad energy deal

Abuja encouraged to prioritise revitalising refineries

A renowned Nigerian energy lawyer and analyst has called on the country’s new leadership to prioritise the rehabilitation of currently mothballed refineries.

Kenya Airways first carrier in Africa to fly on Eni’s sustainable aviation fuel (SAF)

Kenya Airways (KQ) has made Africa’s first long-haul flight on Eni’s sustainable aviation fuel (SAF) with a Boeing 787-800 (B787-8) Dreamliner, flying from Nairobi’s Jomo Kenyatta International Airport to Schipol in Amsterdam.

Tunisia's fuel shortage sees panic buying, long queues form at petrol stations