DMEA - Downstream Middle East & Africa

Iran stores 3 bcm of natural gas amid shortage concerns in winter

Iran has stored about 3bn cubic metres of natural gas to “partially alleviate supply concerns” ahead of a fast-approaching winter, Deputy Oil Minister Mohsen Khojasteh-Mehr says.

Nigeria-Morocco gas pipeline to begin constitution in 2024, Abuja says

The $25bn Nigeria-Morocco Gas Pipeline (NMGP) will begin construction in 2024, Nigeria's energy minister, Ekperikpe Ekpo, has said.

AfrOil: Environmentalists urge banks not to support Mozambique LNG

Daewoo signs MoU with Yemen covering LNG terminal, power plant

South Korea’s Daewoo Engineering & Construction has signed a memorandum of understanding with Yemen’s Ministry of Electricity and Energy to build a LNG receiving terminal in Yemen.

DMEA: Scania partners to launch biodiesel project in Côte d’Ivoire

Nigeria approves deal with Portland Gas to build CNG conversion sites

The Federal Government of Nigeria has announced a strategic partnership with Portland Gas to construct compressed natural gas (CNG) conversion sites across the country, Nairametrics has reported.

$20bn Dangote Petroleum Refinery to list on Nigerian Exchange

Speaking to the Financial Times, Dangote revealed that the refinery would be floated on the NGX as a separate company, in what will be a significant development for the Nigerian bourse.

Ghana’s anti-corruption prosecutor directs TOR to suspend proposed partnership deal with Tema Energy

Fuel price hikes in Iran seem inevitable

The Iranian government faces the uphill task of raising prices of heavily subsidised energy carriers to address a wide range of issues including fuel smuggling.

Nigeria, Germany sign deals on gas and renewable energy

Nigeria has signed a deal with Germany to increase gas exports, with Berlin pledging to invest $500mn in renewable energy projects in return, according to an announcement by the Nigerian government.

Waltersmith Modular Refinery expansion to be completed by 2025

A modular refinery owned by Waltersmith Petroman Oil Ltd. has received praise from the Nigeria’s federal government.

Sustainable aviation fuel project launched in UAE

A consortium consisting of eight founding entities has announced the launch of a new sustainable aviation fuel (SAF) project in the UAE called Air-CRAFT.

Nigeria oil minister threatens licence revocation for inactive operators of marginal fields

Speaking during a visit to Waltersmith Petroman’s modular refinery in Imo State, Senator Heineken Lokpobiri, the Minister of State for Oil, called out the companies that have been given licences but have not invested.

Iran's petrodollars to slide 8.1%, draft budget bill shows

Iran’s oil and gas revenues will see a drop of more than 8.1% in the next Persian calendar year starting on March 20, 2024, a draft budget proposed by the government shows.

Scania partners to launch biodiesel project in Côte d’Ivoire

Scania West Africa, TotalEnergies Marketing Côte d’Ivoire, LA SIR and Agence Nationale d’Appui au Développement Rural (ANADER) have launched a new biodiesel project in the capital of Côte d’Ivoire, Abidjan.