DMEA - Downstream Middle East & Africa

Iran eyes increasing refining capacity by over 30% through new refineries

Iran aims to expand its oil and gas refining capacity by more than 30% in a five-year time frame by building new mini and large refineries, the deputy oil minister for planning said.

Shell pulls out of Iraq's Nibras petrochemical site

Royal Dutch Shell has said it will halt its involvement in the Nibras petrochemical complex project in Iraq, the company announced in a statement on February 13.

Iraq to continue expanding IOTC fleet

The Iraqi Ministry of Oil (MoO) has announced plans to continue building out the country’s fleet of the Iraqi Oil Tanker Co. (IOTC), following the addition of two new Norwegian-built units.

Riyadh planning further sale of Aramco shares

Saudi Arabia is reportedly preparing for another round of share sales in Aramco, aiming to bolster the kingdom’s finances and advance its economic diversification efforts away from oil dependency.

Iran’s gasoline production up 22% in three years, says oil minister

Iran’s gasoline output has increased by 22% over the past three years, Oil Minister Javad Owji said.

Iran’s annual petrodollars grow over fourfold in three years, oil minister says

Iran’s Oil Minister Javad Owji boasted about the petroleum industry’s performance under his management, saying the country's oil and gas revenues rose more than four times during his tenure.

DMEA: Al-Zour refinery reaches full capacity

Turkmennebit and Dragon Oil discuss potential cooperation in oil and gas sector

A recent meeting on February 6 in Ashgabat between a delegation from the UAE’s Dragon Oil and management officials from Turkmenistan’s national oil company Turkmennebit has raised potential prospects for cooperation.

Al-Zour refinery reaches full capacity

Kuwait’s Al-Zour refinery achieved its full capacity of 615,000 barrels per day (bpd) on February 4, signifying the end of test runs that have been ongoing since 2020.

Germany strikes gas pipeline deal with Algeria

German energy utility VNG has signed the country’s first pipeline gas deal with Algeria, with the latter’s state-owned oil and gas company Sonatrach.

Duqm Refinery set to change Omani energy outlook

Oman’s 230,000 barrels per day Duqm Refinery has been inaugurated by the country’s government in the presence of Sultan Haitham Bin Tariq and the Emir of Kuwait, Sheikh Mishal Al-Ahmed Al-Jaber Al-Sabah.

Egypt set to decide on buyer for Wataniya

Egypt is set to receive closing bids for the purchase of shares in the National Company for the Sale and Distribution of Petroleum Products (Wataniya).

NNPCL partners with US, Deloitte to achieve net-zero targets

The Nigerian National Petroleum Company (NNPC) Ltd. has stated that it will be working with the US Department of State and international management consultancy firm Deloitte in a bid to achieve net-zero carbon targets.

Nigeria holds talks with Daewoo-led South Korean group on potential LNG export deal

The Nigerian National Petroleum Co. (NNPC) Ltd. has held talks with a South Korean consortium led by Daewoo Engineering & Construction Co. Ltd. with the aim of increasing Nigerian liquefied natural gas (LNG) exports to the East Asian country.