DMEA - Downstream Middle East & Africa
The EastMed gas pipeline project, which has been discussed for over decades, looks even less likely to materialise after the new government in Cyprus now says it favours the development of a shorter link from Israel.
Turkey is set to be the top destination for Russian diesel exports again this month, with trader comments and Refinitiv Eikon data also showing the country’s own shipments will increase following the completion of seasonal refinery maintenance.
French and Ugandan NGOs have filed suit against France’s TotalEnergies over the Lake Albert oil project.
Nigeria's move to open the domestic fuel sector to private entities appears to be having a limited impact, as no private marketers have actually launched gasoline imports yet.
Major new oil spill from Shell pipeline in Nigeria fouls farms, river in long-polluted Niger Delta area
Retail fuel prices in Kenya are set to increase substantially from next month after Members of Parliament voted in favour of raising value added tax (VAT) on petroleum products to 16% from the current 8%.
Qatar signed a deal this week to develop an oil refinery in Iraq, while the rehabilitation of another facility supports a broader positive trend in the Iraqi downstream.