DMEA - Downstream Middle East & Africa

28 October 2023

Saudi Aramco re-examines investment opportunity in Vietnam

27 October 2023

Saudi Aramco (Aramco) is currently considering investment opportunities in the Vietnamese refining and petrochemical sectors, following a previous withdrawal from a joint venture (JV) project in the country seven years ago.

Angola's Sonagol, China's CNCEC sign contract for Lobito refinery construction

27 October 2023

On October 22, Angola’s Sonagol and China National Chemical Engineering Company (CNCEC) signed a deal involving a contract for the construction of the Lobito refinery in Benguela, Angola.

Iraqi PM signals preparedness to resume oil flows via Turkey

26 October 2023

The Iraqi prime minister this week reiterated his government’s position that it is ready to resume exporting oil through a pipeline that crosses Turkey to the Mediterranean Sea.

Major deals signed during Korean president’s visit to Riyadh

25 October 2023

Saudi Aramco agreed significant deals for gas processing and oil storage during this week’s visit to the Kingdom by the Korean president

War in Gaza won’t change the outcome for East Med Gas Pipeline (EMGP) project

25 October 2023

War in Gaza won’t change the outcome for EMGP, which lost too much momentum before the Mideast fell into conflict.

Tango FLNG, Excalibur FSU leave Dubai for Eni’s Congo LNG project

24 October 2023

Italy’s Eni reported on October 21 that the first two vessels it will use in its Congo LNG project had left the dock in Dubai.

Output up 9.5% at Iran’s petrochemical giant

23 October 2023

Iran’s largest petrochemical holding group, Persian Gulf Petrochemical Industries, posted a 9.5% increase in output over the past seven months compared to the same period last year.

Oil markets on edge amid escalations in Israel-Hamas war

22 October 2023

The escalation in the Israel-Hamas conflict is inciting apprehensive speculations about the impact on global oil markets amid the complex web of geopolitics, sanctions and spectre of broader tensions in the region and beyond.