DMEA - Downstream Middle East & Africa
Nigeria starts up Dangote with domestic oil
The Nigeria National Petroleum Company Ltd. (NNPCL) has announced that it will supply the country’s 650,000 bpd Dangote refinery with around six cargoes of crude oil in December to be used in trial runs, according to three industry sources.
Uganda reduces reliance on Kenyan oil
Uganda has dropped an oil deal with Kenya in favour of working with contracted bulk and refinery suppliers to purchase cheaper petroleum products.
Saudi, Russia to stick with voluntary output cuts
Saudi Arabia and Russia this week confirmed that they will extend their additional voluntary oil production restraint until the end of the year.
Libya discusses domestic biofuel production
Libya is seeking to localise its biofuel industry by introducing an ambitious project involving domesticating biofuel production by planting 40mn Jatropha trees across several Libyan municipalities.
Saudi Arabian decisions point to oil demand concerns
Two recent decisions by Saudi Arabia have seemingly indicated a point of concern over the state of oil demand, despite indicating a steady crude oil market outlook overall.
Nigeria states it will cancel idle modular refinery licences
Nigeria’s federal government has stated that it will cancel modular refinery licences that have remained idle.
Oil prices defy analysts’ expectations and fall rather than rise after the outbreak of the Israeli-Hamas war
The oil price defied analysts’ expectations and fell rather than rose after the outbreak of the Israeli-Hamas war on October 7. A month later, despite a 3.7% drop in the price of a barrel of Brent, its value has returned to pre-war levels.
Moroccan king says country committed to finalising $25bn African gas pipeline project
Moroccan King Mohammed VI reiterated Morocco’s commitment towards the ambitious $25bn (€23.4bn) gas pipeline project with Nigeria and said the project’s benefits will extend to European countries in terms of more energy supplies.
Iraqi pipeline talks continue as gas link is completed
Surprise news of a new trunkline connecting Federal Iraqi infrastructure with a gas field in the Kurdistan Region comes as Baghdad reaches across the divide
Uganda moves to nationalise fuel imports to secure supply, cut costs, end reliance on Kenya
Uganda has initiated a move to nationalise the importation of petroleum products towards stabilising supply, bringing down retail prices, and ending its reliance on neighbouring Kenya.
UK explorer Helium One encounters "encouraging" results at Tanzania project
Helium One said in an update that drilling reached a depth of 1,448 metres and encountered a geological basement, a development that confirms the presence of weathered crystalline formations.
Egypt’s import bill for hydrocarbons dropped by 15% y/y to $8.35bn in January-August of 2023/2024
Egypt’s import bill for hydrocarbons and their by-products dropped by 15% y/y to $8.35bn (€7.8bn) in the first eight months (January-August) 2023/2024, mostly affected by falling imports of crude oil and refined petroleum products.
Iran’s energy conservation drive aims to halve consumption
Iran has drawn up a comprehensive plan to conserve energy through a range of efficiency and saving measures that can potentially slash its daily consumption by half, the CEO of the Iranian Fuel Conservation Co (IFCO) said.
$275bn investment opportunities up for grabs in Iran’s energy sector
The head of the National Iranian Oil Co. (NIOC) said there were ample opportunities up for grabs for foreign investors in Iran’s energy sector.
DMEA: SATORP makes SAF from UCO
Construction of mega petrochemical plant kicks off in Iran’s Kurdistan
Iran has broken ground in the western Kurdistan province on an $802mn petrochemical plant with an annual production capacity of 1mn tonnes. The factory is expected to be up and running within the next three and a half years.
Iran to build 3,000 MW wind farms by tender
The winds of change are blowing through Iran's energy sector with renewable sources taking centre stage. The country's energy ministry recently announced plans to build wind parks with a combined output capacity of 3,000 MW.
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