DMEA - Downstream Middle East & Africa

26 April 2024

SABIC Fujian Petrochemicals signs agreement with KBR

25 April 2024

Saudi Arabia Basic Industries Corporation (SABIC) Fujian Petrochemicals signed an agreement with US-based engineering company KBR on April 22, allowing it to utilise the company’s leading phenol technology in China.

ADNOC considers investment in AmeriGas

25 April 2024

A unit of the UAE’s state-owned oil major Abu Dhabi National Oil Co. is currently considering an investment in UGI Corp’s AmeriGas – a propane distribution business – according to sources with knowledge of the matter.

Iraq makes moves in refining, pushes to tackle flaring

25 April 2024

Iraq is currently considering constructing multiple oil refineries in neighbouring countries in a bid to achieve self-sufficiency, according to Deputy Chairman of Parliament’s oil and gas committee, Adnan Al-Jabiri.

Additional sanctions on Iran could disrupt LPG flows – S&P Global

25 April 2024

Tighter sanctions on Iran along with ongoing tensions in the Middle East could potentially affect global liquified petroleum gas supply, putting Iranian exports into the danger zone while OPEC+ cuts continue to shorten outflows in the region.

Nigerian Senate committee says Port Harcourt refinery 90% complete

24 April 2024

Nigeria’s ad-hoc Senate committee – a group created to investigate turnaround maintenance of Nigerian refineries – has said that upgrades and repairs for the full rehabilitation of Port Harcourt refinery are at 90% completion.

SABIC cuts capacity at Dutch petchems plant

24 April 2024

Saudi Aramco’s petrochemicals arm has permanently closed one of two naphtha crackers at its complex at the Chemelot industrial park in Geleen, the Netherlands.

Saudi ACWA, Azerbaijan's SOCAR sign joint venture agreement to develop hydrogen

24 April 2024

Saudi Arabia's ACWA Power, a power and water desalination plant, has signed agreements with Azerbaijan's state oil company SOCAR to jointly develop renewable energy projects

Iran’s two major clubs officially sold to banks, petchem companies

22 April 2024

Iran's Economy Minister Ehsan Khandouzi has confirmed the transfer of ownership of the country's top two football clubs, Persepolis and Esteghlal to the private sector to continue playing in the Asian football league.

US imposes new sanctions targeting Iran's petroleum and military capabilities

21 April 2024

The United States has introduced a new set of stringent sanctions aimed at curtailing Iran's ability to finance and conduct destabilising activities, including terrorism and the development of weapons of mass destruction.

Nigerian petroleum regulator plans to bolster local crude refining

21 April 2024

Nigeria, historically Africa’s largest crude oil exporter, relies heavily on imports to meet local energy needs. However, the government is trying to change that with plans to revive four moribund oil refineries and put them back in operation.

EACOP faces more legal challenges

18 April 2024

Numerous groups from Uganda’s Albertine region engaged in a public demonstration on April 15, protesting “unjust” evictions and the lack of a fair, transparent judicial process for the East Africa Crude Oil Pipeline (EACOP).