DMEA - Downstream Middle East & Africa

2 September 2023

Kenya Pipeline Company advances plans to take over KPRL refinery assets

1 September 2023

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, China sign power deals

1 September 2023

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.

China eyes cheaper Iranian crude as Russian discounts dry up

31 August 2023

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.

ExxonMobil says world will fail to meet Paris goal in 2050

30 August 2023

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.

EU scouts Africa for SAF projects

30 August 2023

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 sues Sasol for $44mn pipeline tariffs

30 August 2023

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.

Major Iranian oil company reports 35% growth in output

30 August 2023

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.

Turkey keen to restart Kirkuk-Ceyhan pipeline operations

30 August 2023

Talks between Iraqi, Kurdish and Turkish authorities suggest that oil flows to the Mediterranean could be close to resuming

TAQA Arabia submits non-binding offer to acquire gas stations owned by army’s Wataniya Petroleum

30 August 2023

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).

Aramco expands downstream presence in China

29 August 2023

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.

RISK ADVISORY: Changing Sonangol – can Angola finish what it started?

29 August 2023

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.

Gas pipeline explosion reported in southern Iran; officials blame fuel theft

28 August 2023

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.

BRICS MATERIALS: the flourishing intra-BRICS oil trade

28 August 2023

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.