DMEA - Downstream Middle East & Africa
UK-based Gemcorp Holdings has fulfilled requirements to obtain a $335mn loan for Angola’s Cabinda refinery project located 30 km north of the country’s capital on the Malembo plain.
Africa’s western coastal zone has seen a significant uptick this year in illicit ship-to-ship (STS) transfers of crude oil from Russia.
Iran is set to launch a large-scale petrochemical plant that will rely on domestically sourced equipment for around 80% of its needs, according to a senior official in state-owned Persian Gulf Petrochemical Industries Co. (PGPIC), Hassan Neshanzadeh.
Uganda’s Ministry of Energy and Mineral Development has announced that it is seeking investment partners to develop the planned 60,000 bpd Hoima refinery. This suggests that Albertine Graben Refinery Consortium has failed to make progress.