DMEA - Downstream Middle East & Africa
Aramco, Shandong Energy Group, Shandong Yulong Petrochemical and Nanshan Group have signed a memorandum of understanding to invite discussions surrounding a potential 10% acquisition of Shandong Yulong Petrochemical by Aramco.
Afreximbank’s impact investment subsidiary – the Fund for Export Development in Africa (FEDA) – announced October 17 that it had invested in Angola’s Cabinda oil refinery.
Uganda is expecting to announce a winner in November from four groups of bidders competing for the proposed 60,000 barrel per day (bpd) Hoima oil refinery, according to comments made by Energy Minister Ruth Nankabirwa on October 17.
Egypt’s Suez Canal Economic Zone (SCZone) signed multiple energy agreements worth $14.75bn according to a statement released by the Egyptian cabinet on Tuesday, opening new possibilities for sustainable energy in the region.
State-owned QatarEnergy and IOC partner Shell this week signed two long-term sale and purchase agreements to supply up to 3.5mn tonnes per year of LNG from Qatar to the Netherlands.
The National Iranian Gas Co. (NIGC) has called on large industries to invest in the aboveground storage of natural gas, as the country seeks to improve its ability to manage and respond to fluctuations in energy demand effectively.
Iran is expected to produce 78mn tonnes of petrochemical products by the end of the current Persian calendar year (March 19, 2024), the CEO of the National Petrochemical Co. (NPC) said.
The ongoing conflict between Hamas and Israel is casting a shadow over Israel's natural gas exports, but the broader concern in the global natural gas market hinges on the potential for the conflict to escalate further.
The president of PENGASSAN, Festus Osifo, has announced that Nigeria is reinstating fuel subsidies.
The refuelling of cargo vessels at the port of Mombasa in Kenya is set to resume in October following an announcement by the Kenya Ports Authority and Kenya Revenue Authority stating they had closed various loopholes previously used to dodge taxes.
Saudi Electricity Co. (SEC) and the country’s Public Investment Fund (PIF) launched a company to develop electric vehicle charging infrastructure in Saudi Arabia on Sunday, 8 October.