DMEA - Downstream Middle East & Africa
Kenya Pipeline Company (KPC) has set in motion the process to take over assets belonging to Kenya Petroleum Refineries Ltd (KPRL), a now-defunct company set up by British companies Shell and BP to serve the East African region.
South Africa signed a collection of deals with China on August 23 aiming to restore its struggling power sector with the hopes of easing a severe energy crisis that has been affecting the economy for years.
With rising prices seen on Russian crude imports of late, speculation is rife in East Asia that authorities in Beijing will soon give the nod to increased imports of Iranian crude in the coming months.
Oil supermajor ExxonMobil says that the world will fail to meet the Paris Agreement goal to keep global warming below 2 degrees Celsius by 2050.
The European Union has banked on Africa backing sustainable aviation fuel (SAF) projects for its Global Gateway infrastructure fund ahead of an expected increase in demand for sustainable air travel, according to an EU official.
Transnet SOC Ltd. is suing Sasol and TotalEnergies SE for issues pertaining to the usage of its pipeline to transport crude oil to jointly owned Natref refinery in Sasolburg, Durban.
Karoun Oil and Gas Production Company, a subsidiary of the National Iranian Oil Company, has recorded a remarkable 35% increase in output over the past six months.
Talks between Iraqi, Kurdish and Turkish authorities suggest that oil flows to the Mediterranean could be close to resuming
Egyptian energy services company TAQA Arabia submitted a non-binding offer to acquire gas stations company Wataniya Petroleum, a subsidiary of the army’s civilian business conglomerate National Service Projects Organization (NSPO).
Saudi Aramco has announced plans to continue expanding its downstream presence in China in an effort to support energy security and a green transition in the country, according to the company’s president of downstream, Mohammed Y Al Qahtani.
After a promising start, President João Lourenço’s ambitious plan to reform Angola’s state oil company Sonangol appears to have ground to a halt.
Iranian media have reported a fire incident on the Goura-Jask crude oil pipeline in the southern province of Hormozgan on August 28, killing at least one person.
The addition of the Kingdom of Saudi Arabia, UAE and Iran to the BRICS+ at a summit on August 24 came as a surprise to many, but it has also significantly increased the body's clout in international oil markets.