DMEA - Downstream Middle East & Africa
NewsBase: Climate-fuelled shipping bottleneck in Panama compounds impact of Red Sea troubles
The climate-fuelled shipping bottleneck at the Panama Canal is compounding the impact of security problems in the Red Sea.
Iranian gas flow halted over maintenance, says Iraq
Iran has halted the exports of gas to neighbouring Iraq, the Iraqi News Agency reported on January 12, less than a week after the Iranian Oil Ministry confirmed that gas imports from Turkmenistan had been cut off.
KRG’s Barzani says talks on path towards oil export resumption
President of the Kurdistan Regional Government (KRG), Nechirvan Barzani expressed optimism this week that talks between Iraq’s regional and federal administrations are leading towards a Kurdish resumption of oil exports.
Iran's demand for higher prices disrupts oil trade with China
The global oil market is facing heightened tension as Iran, a key supplier to China, the world's largest crude importer, halts its oil shipments while demanding higher prices
Houthis continue to target shipping in Red Sea
Yemen’s Houthi rebels have continued to launch attacks on shipping transiting the Red Sea
Oman Oil Marketing Company launches five new service stations
Oman Oil Marketing Company (OOMCO) expansion programme in Saudi Arabia has continued to gain momentum with the introduction of five new service stations in December 2023.
Nakilat expands fleet to meet rising demand
Qatari shipping and maritime company Qatar Gas Transport Company Ltd (Nakilat) has moved to expand its fleet by placing orders for six gas vessels to meet growing demand.
Iraqi court dismisses Jordan case against PM over discounted crude oil sales
The Supreme Federal Court of Iraq has dismissed a legal case against the country’s Prime Minister, Mohammad Shia al-Sudani, which had called for discounted crude sales to neighbouring Jordan to be halted.
Nigeria’s NNPCL to supply four crude oil cargoes to Dangote in February
Nigeria’s National Petroleum Corporation Ltd. (NNPCL) is set to supply four crude oil cargoes to the country’s $20mn Dangote refinery.
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