DMEA - Downstream Middle East & Africa

30 November 2023

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

28 November 2023

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

28 November 2023

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

Daewoo signs MoU with Yemen covering LNG terminal, power plant

27 November 2023

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.

Nigeria approves deal with Portland Gas to build CNG conversion sites

27 November 2023

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

27 November 2023

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.

Fuel price hikes in Iran seem inevitable

26 November 2023

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

23 November 2023

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

23 November 2023

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

23 November 2023

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

23 November 2023

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

23 November 2023

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

23 November 2023

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.