DMEA - Downstream Middle East & Africa
The Saudi government is currently planning to construct a new bunkering facility at the King Fahad Industrial Port in Yanbu, with a deal made between the Saudi Ports Authority (Mawani), Alba Nova International and Trafalgar Co.
This initiative, which also aims to address food security concerns, comes in the wake of the government's decision to remove fuel subsidies, indicating a shift towards sustainable growth and development.
The CEO of NMDPRA, Farouk Ahmed, stated that the NNPCL does not have the mandate to grant import permits to any organisation. He emphasised that only NMDPRA has the authority to issue import permits for petrol.
Egypt’s Orascom Industrial Parks signs $120mn deal with India’s Flex Accipto to expand polyethylene plant in Sokhna
Egypt’s Orascom Industrial Parks signed a $120mn deal with the Indian packaging solutions company Flex Accipto to expand its production of polyethylene (PET) plant in Sokhna within the Suez Canal Economic Zone (SCZONE), Ahram Online reported.
Nigerian refiners expect funding from the Central Bank of Nigeria (CBN) will be needed in order to get more local refineries on stream.
10 agreements signed at conclusion of first visit to Islamic Republic by an Uzbek president in 20 years
Qatar signed a deal this week to develop an oil refinery in Iraq, while the rehabilitation of another facility supports the broader positive trend.
A gas compression plant that is currently under construction near Jordan’s Risha gas field will complete installation of gas units by mid-August ahead of the start of commercial operations by the end of 2023.
The proposed 5,600km pipeline, an extension of the West African Gas pipeline, will connect 13 African countries at an estimated cost of $25bn. With the new signatures, all countries along the proposed route have now signed the agreement.
Istanbul-listed Sasa shareholder sells 1% stake to foreign investors via private placement for TRY 4bn
NMDPRA has authorised a subsidiary of state-owned NNPCL and privately-owned Nigerian upstream operator Belemaoil Producing to build two new crude export terminals.
Iran and Venezuela signed a memorandum of understanding on Monday to increase co-operation in the petrochemical sector, improving an already close relationship in oil.
LPG has an important role to play in Africa’s energy transition, and while some lenders may baulk at the thought of financing fossil fuel-related projects, in this case that viewpoint is neither pragmatic nor helpful
The marketing director of KPC says OMCs in Nairobi and elsewhere see the Nakuru depot as the best place to fill their tankers, following the installation of a bottom-loading facility.