DMEA - Downstream Middle East & Africa

11 April 2024

Crude oil prices remain in motion amid Middle East uncertainty

10 April 2024

Fresh talks between Israel and Hamas at the start of the week prompted Brent and WTI prices to slip from higher prices during the previous week, but a lack of progress in the talks by mid-week and a pending new attack by Israel prompted concern.

Iraq to rehabilitate Turkey pipe, bypassing Kurdistan

10 April 2024

Baghdad has said it is working to circumvent Kurdistan by repairing a direct conduit to allow for a resumption of oil flows to the Mediterranean

Gas consumption rose 3% in Iran last Persian year

9 April 2024

Iranians burned nearly 3% more of natural gas during the past Persian calendar year that came to an end on March 19, a senior Oil Ministry official said, amid a chronic shortage mainly endured by large industries.

Iran says Taliban cannot measure Iranian fuel quality

7 April 2024

Iran accused the Taliban of lacking “proper laboratory equipment” to test the quality of Iranian fuel exported to neighboring Afghanistan, the semi-official news agency ILNA reported on April 7.

Dangote begins selling refined petroleum products

4 April 2024

Nigeria’s 650,000 barrel per day Dangote Refinery has commenced the supply of petroleum products to the local market, with first products leaving the plant on April 2, according to the executive director of Dangote Group, Devakumar Edwin.

Aramco, ADNOC seek Indian oil storage deal

4 April 2024

Saudi Aramco and Abu Dhabi National Oil Co. (ADNOC) are set to meet with Indian officials in April to discuss the development of a new strategic petroleum reserve (SPR) on the country’s west coast, along with various other foreign players.

Kuwait switches leadership at KIPIC

4 April 2024

Kuwait has announced that it will be placing the CEO of Kuwait National Petroleum Company (KNPC) – Wadha Ahmed Al Khateeb – to serve as the acting CEO of Kuwait Integrated Petroleum Industries Company (KIPIC).

Iran to ration fuelling at petrol stations amid price hike rumours

4 April 2024

Iranian motorists will have to use “only” their fuel cards to fill up their cars at petrol stations as of April 13, Oil Minister Javad Owji said, as the government is set to cut down high fuel consumption.

SABIC set to license Lummus ethylene and co-monomer technologies

4 April 2024

Houston-based Lummus Technology announced in late March that SABIC Fuijan Petrochemical Co. Ltd. will utilise its ethylene and co-monomer technologies at a planned complex due to be constructed in Fuijan Province, China.

Asset managers sell stake in ADNOC Oil Pipelines

4 April 2024

BlackRock and KKR have sold their joint 40% stake in a 23-year lease concession for ADNOC's oil pipelines to local investment manager Lunate.

Iraq, Nigeria lead OPEC oil output fall

4 April 2024

According to a Reuters survey published April 1, the Organization of the Petroleum Exporting Countries’ (OPEC) output fell in March due to lower exports from Iraq and Nigeria.