DMEA - Downstream Middle East & Africa
Crude shortages affect Nigerian modular refineries
Nigeria’s plans to cut fuel imports have stalled following a lack of crude
Tankers face further disruption
Gibson Shipbrokers have stated that tankers are potentially facing a second source of disruption from Libya alongside the Red Sea crisis.
Escalating tensions: a delicate balancing act
In the wake of a chilling attack by Hamas on Israel in October, the political climate in the Middle East has shifted from cautious optimism to a precarious tinderbox.
LyondellBasell set to acquire 35% of NATPET
US-based LyondellBasell (LYB) recently announced that it had entered into an joint venture (JV) agreement to acquire a 35% interest in Saudi Arabian National Petrochemical Industrial Company (NATPET) from Alujain Corporation.
Bayegan to construct new Turkish petrochemical plant
Turkish petrochemicals major Bayegan Group (Bayegan) is set to construct a $1.9bn plant in Turkey’s southern region.
Nigeria has discovered 83 illegal refineries in Niger Delta
The Nigerian National Petroleum Company Ltd (NNPCL) has discovered 83 illegal refineries within just one week in the Niger Delta.
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