DMEA - Downstream Middle East & Africa
Egypt detains LPG tanker after grounding
Egyptian authorities have detained a Liberian-registered gas carrier after the vessel grounded itself in an environmentally sensitive location in the Gulf of Aqaba.
Nigeria paying more for fuel subsidies
Kaduna State’s past governor Nasir El-Rufai has said that Nigeria’s Federal Government is paying more fuel subsidy now that it had been before while speaking to reporters on April 15.
KPC pushes for integration
CEO of the Kuwait Petroleum Corporation (KPC), Sheikh Nawaf Saud Al-Sabah has highlighted the importance of achieving integration between the KPC and its subsidiaries – the Kuwait National Petroleum Company (KNPC) and KIPIC.
SABIC predicts difficult year for petrochemicals in 2024
Saudi Basic Industries Corporation (SABIC) has said that it expects 2024 to be a difficult year for the global petrochemical industry.
Republic of Congo expands oil partnerships, eyes closer ties with Azerbaijan
The Republic of the Congo’s President Denis Sassou-Nguesso is diversifying the West African country’s oil and gas partnerships in search of reliable allies to explore its substantial reserves.
LNG reigns supreme in low-carbon bunkering
Geopolitical strains fail to spur sustained rise in oil prices
Despite the combustible backdrop of armed conflicts near major oil producers, including Russia and Iran, oil markets have not experienced a sustained price increase.
What next for oil markets after Iranian strike on Israel?
For the time being, traders have apparently shrugged off fears of a direct war between Israel and Iran, but escalation is still a significant risk.
Iran to spend $4.1bn to import vehicle fuel this year
Iran plans to spend billions of dollars to import vehicle fuel in the current Persian calendar year started on March 20, the semi-official Tasnim News Agency reported on April 16, citing the annual budget bill.
Kuwait names ex oil minister as new PM
In a decisive move aimed at stabilising the political landscape, Kuwait's Emir has appointed Sheikh Ahmad Abdullah al-Ahmad al-Sabah as the new prime minister.
TotalEnergies' plan to restart building of Mozambique gas project violates planned EU law
French energy supermajor TotalEnergies' intention to resume constructing a natural gas processing plant in northern Mozambique could violate an upcoming European Union law.
Energy groups Enppi, Petrojet to build $11.34mn solar facility at Egypt’s Assiut refinery
Russia sends three diesel-loaded tankers to Sudan
Niger, CNPC sign $400mn crude oil sale draft deal
Role of gas in South Africa’s future energy landscape
Nigeria's NNPCL owes $3bn to fuel traders, soft re-boot to subsidies looms
The backlog in payments has proved a significant setback to the Nigerian government in its attempts to shore up finances by shutting down expensive subsidies for the energy sector.
Saudi raises OSPs for Mediterranean, Asian buyers
Saudi Arabia has raised the official selling price (OSP) for its Arab Light crude oil for Asian and Mediterranean customers in May, according to an Aramco statement released April 5.
Iraq receives bids for construction of 100,000 barrel per day oil refinery
Iraq has received bids from numerous foreign companies for the construction of the proposed 100,000 barrel per day Al-Kut oil refinery in the country’s Eastern Wasit Governate.
Oman increases automobile fuel production by 15.5%
Oman increased the production of automobile fuel at its refineries by 15.5% at the end of February 2024 compared to the same month in 2023, according to preliminary statistics.
Nigeria's NSCDC discovers large-scale illegal refining site in Imo State
Nigeria’s Special Intelligence Squad (SIS) of the Commandant General of the Nigeria Security and Civil Defence Corps (NSCDC) has announced that it discovered a large-scale illegal refining site in Ohaji/Egbema Local Government Area.
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