DMEA - Downstream Middle East & Africa

15 June 2023

Iran: Petrochemical products now known across the globe

14 June 2023

Iranian ambassador to Russia Kazem Jalali noted on Sunday that there had been an increase in trade between Iran and Russia, particularly in petrochemical and technological sectors.

Seized Iranian tanker to have cargo of oil unloaded by US

14 June 2023

The ship – carrying an estimated 800,000 barrels of oil – is currently anchored 70 miles (112 km) offshore from Galveston having arrived on May 29, according to satellite imagery and transponder location data.

Petrofac signs $1.5bn petrochemicals deal, Algeria

14 June 2023

An engineering procurement and construction contract for a $1.5bn complex located in Arzew Industrial Zone has been awarded to Petrofac by STEP Polymers, a subsidiary of Algeria’s state-owned Sonatrach.

Nigerian president urged to cut government stake in oil and gas sector

14 June 2023

President Bola Tinubu’s advisory team has suggested that the Nigerian government should reduce its stake in the oil and gas sector to boost the country’s economic growth by $17bn.

KPC cancels tender for consultancy study

13 June 2023

The Kuwait Petroleum Corp. (KPC) has reportedly cancelled a tender that it had issued in December for a consulting study to determine financing options for its subsidiaries.

Iraqi budget passed with Baghdad taking control over Kurdish oil revenues

13 June 2023

Iraq has passed a three-year budget while moving to exert greater control over the Kurdistan Region’s oil sector

KPC prepares decarbonisation roadmap, launches gas pipeline

13 June 2023

State-owned Kuwait Petroleum Corp. (KPC) said last week that it has developed a strategy and roadmap for low-emission energy transformation.

Nigerian MP says government should have eliminated fuel subsidies in 2011

12 June 2023

MP Chris Azubogu argues that Nigeria might not experience so much economic hardship as a result of President Tinubu’s move to eliminate domestic fuel subsidies if the government had taken action earlier.

Sonangol and China National Chemical Engineering Co. sign Lobito refinery MoU.

8 June 2023

The MoU – signed for the 200,000 bpd facility – occurred as part of obtaining and implementing funds for completion of the project. The Lobito refinery will provide up-to-date technology processing fuels such as Jet A1, diesel, gasoline and LPG.

Libya’s NOC wins arbitration against Emirati firm

8 June 2023

Libya’s National Oil Corp. (NOC) has won an arbitration against the UAE’s Trasta Energy, winning an appeal from a request filed in February 2022 to the Paris Court of Appeal.

NNPCL eases crude oil swap contracts

8 June 2023

Nigeria’s NNPC Ltd has announced that it is moving away from crude swap contracts with traders as part of President Bola Tinubu’s plans to lessen the burden on government finances and deregulate the gasoline market.

Kenya seeks private investors to take over operations at five ports

8 June 2023

Kenya’s authorities are searching for private investors to take over operations and management of five ports, with the aim of increasing the maritime sector’s competitiveness and generating $10bn for the country.

Fujairah state firm looks for EPC partners for downstream expansion

8 June 2023

Modular refiner and storage operator Fujairah National Energy Co. (FUJNEC) has asked engineering, procurement and construction (EPC) firms to express interest to in participating in tenders for work in the emirate.