DMEA - Downstream Middle East & Africa
One person has died and more have been gassed on September 10 as a result of a gas leak at a processing plant in the South Pars field in Iran.
Greek shipping company Empire Navigation has conceded to breaching US sanctions against Iran by illicitly transporting oil from that country in 2022, according to court documents cited by the Associated Press.
Iranian oil exports – steadily rising following a looser approach to sanction enforcement by the US – are set to slow for the rest of 2023 as demand in Asia declines towards the end of 2023.
Saudi Arabia's Basic Industries Corporation (SABIC) and China Petroleum and Chemical Corporation (Sinopec) announced the start of commercial operations at a new polycarbonate plant under a 50:50 joint venture on September 6.
Energy analyst and project officer at WWF South Africa Farai Chireshe stated September 5 that sustainable air fuel (SAF) projects in Africa had stalled due to lack of demand.