DMEA - Downstream Middle East & Africa

14 March 2024

Saudi Aramco to reduce supply of oil to China, India

13 March 2024

Saudi Aramco is set to reduce its supply of crude oil to customers in China and India due to upcoming oilfield maintenance, according to comments made by five sources on March 11.

Second shipment of US WTI to arrive at Dangote Refinery in March

13 March 2024

A second batch of US West Texas Intermediate crude oil is set to arrive at Nigeria’s 650,000 barrel per day refinery on March 13, according to Kpler data.

Pipeline and tanker to support Iraqi export efforts

13 March 2024

Despite ongoing output restraint among members of the OPEC+ group, Iraq continues to invest in expanding its crude export capabilities from its southern ports.

Borouge 4 to be completed by end of 2025

13 March 2024

Abu Dhabi-based petrochemicals manufacturer Borouge has said that its $6.2bn Borouge 4 project is “on track” to being completed by the end of 2025.

Iran’s petchem exports slide 29% in past 11 months

12 March 2024

​Iranian petrochemical exports plummeted by almost 29% in the first eleven months of the current Persian calendar year (March 21-February 22), a senior union board member said, amid lower global prices for the commodities.

Aramco doubles down on gas push as dividends soar

12 March 2024

As Aramco decides what to do with another bumper set of financial results, LNG investment opportunities are on the table.

Iraq completes work on northern pipeline

11 March 2024

Iraq’s state Oil Pipelines Co. (OPC) announced this weekend that it the completion of rehabilitation works on the Baiji-Kirkuk oil products pipeline.

Aramco purchases Esmax in Chile

7 March 2024

Aramco’s purchase of Esmax from private equity firm Southern Cross group – the value of which remains undisclosed – will allow it to secure new outlets for its refined oil products, according to a statement made on March 1.

Turkish oil terminal refuses imports of Russian oil

7 March 2024

Turkey’s Dortyol oil terminal – located in the Mediterranean Sea – has stopped accepting Russian oil as pressure from US sanctions increases.

TotalEnergies and Bapco Energies to work together in petroleum products trading

7 March 2024

Shaikh Nasser bin Hamad Al Khalifa, Representative of the King of Bahrain for Humanitarian Works and Youth Affairs and chairman of Bapco Energies (Bapco), met with CEO of TotalEnergies (Total) Patrick Pouyanne and CEO of Bapco Energies Mark Thomas.

Iranian LPG exports surge despite sanctions

7 March 2024

Iran has continued to defy expectations by exporting significant amounts of liquefied petroleum gas despite US sanctions – showing that Washington is struggling to keep a lid on the Islamic Republic’s sales.

Nigeria launches airstrikes on illegal refineries

7 March 2024

Director, Public Relations and Information, Nigerian Air Force (NAF) Edward Gabkwet said in a statement on March 3 that the NAF had destroyed two illegal refineries as well as some boats in an airstrike conducted March 1.

Iran confiscates US oil by court ruling in sanctions case

7 March 2024

Iran confiscated $50mn worth of American crude from a tanker seized last year by order of a Tehran court.