DMEA - Downstream Middle East & Africa

Iran, Uzbekistan sign petrochemical memorandum

Dateline Energy Services to build 4,000-tonne LPG barge for Nigerian Navy

Dateline Energy Services (DES), a Nigerian oilfield services provider (OSP), has agreed to build an LPG barge for the Nigerian Navy in order to facilitate inland fuel deliveries.

Nigeria’s Dangote refinery to operate at 370,000 bpd in October

Nigeria’s Dangote refinery is set to receive its first shipment of crude in the next two weeks, and will aim to produce around 370,000 barrels per day of diesel and jet fuel from the beginning of October, according to a senior company executive.

NNPCL, Indorama sign $7bn deal for gas supply

The Nigerian National Petroleum Company Ltd (NNPCL) has signed a $7bn gas supply memorandum of understanding with Indorama Eleme Petrochemicals Ltd (IEPL), furthering commitments to advance the use of natural gas by large-scale industries.

NNPCL announces management shakeup

Nigeria’s national oil company has initiated a shakeup in its management ranks by ordering some mandatory retirements and appointing several new executive vice presidents.

Global diesel shortage pushes prices over $1,000 per tonne

Oil refineries worldwide are grappling with challenges in meeting the demand for diesel, a crucial fuel that powers various sectors of the global economy, Bloomberg reported on September 19.

EBRD provides €75mn loan to Turkey’s SASA Polyester

Kenyan official stands by predictions of further increases in fuel prices

Kenya’s Trade and Investments Cabinet Secretary Moses Kuria says he stands by his earlier prediction that petroleum product prices are likely to continue rising through February 2024.

Nigerian Air Force touts success of air raids on illegal refining sites

Following the destruction of dozens of illegal refining sites over the last two months, the Nigerian Air Force is describing the air component of Operation Delta Safe, an initiative designed to curb crude oil theft, as successful.

AfrOil: Subtropical Storm Daniel shuts down four oil terminals in Libya

DMEA: Glencrown organising risk assessment conference to curb oil theft in Nigeria

Iran seizes two oil and gas tug boats in Persian Gulf

Iran’s Islamic Revolutionary Guard Corps (IRGC) naval forces in the Persian Gulf region apprehended two oil and gas “tankers” in the Persian Gulf under supposed anti-smuggling operations, IRNA reported on September 15.

Iran's petrol crisis: low quality, high demand

A new leaked document from the Iranian government has indicated that only 20% of the country’s petrol is Euro-4 or Euro-5 compliant.

Iran's oil minister announces it will decide where to sell its crude

Iran is set to determine its oil export destinations, marking a significant shift in sales patterns, Oil Minister Javad Owji announced at the IranPlast Exhibition in Tehran on September 17, Shana reported.

French oil firm Rubis took $26m forex hit in H1 in Kenya on shilling’s slide

Duqm oil refinery approaches completion

Saudi Arabia, India speed up development of West Coast Refinery Project

Crown Prince Mohammed Bin Salman of Saudi Arabia and Indian Prime Minister Narendra Modi agreed on a state visit to establish a joint taskforce to expedite development of the $50bn West Coast Refinery Project, facilitating a further $100bn in funding

Saudi Aramco to deliver full crude oil volumes to North Asia

OQ posts $1.1bn net profit for first-half 2023

Omani NOC OQ this week provided an operational update covering the first half of 2023.