DMEA - Downstream Middle East & Africa
High domestic fuel usage killed chances of petrol exports, says Iranian deputy oil minister
A “sudden jump” in petrol consumption turned Iran into a fuel importer, the director of the National Iranian Oil Refining and Distribution Co. (NIORDC) said.
Nigerian modular refineries running below capacity due to feedstock troubles
Nigeria is still struggling to produce the feedstock needed for its refineries to run at full capacity, with policies from international oil companies, oil theft and pipeline vandalism all playing vital roles in perpetuating the issue.
Iraqi ministry defends Basra-Haditha pipeline plans
The Iraqi Ministry of Oil this week defended the Basra-Haditha oil pipeline project, highlighting its economic benefits, job creation potential, and enhanced export flexibility.
Oil tanker stranded at Nigeria's Dangote refinery due to payment issues
A large oil tanker has been stuck at Dangote refinery as of June 6, awaiting the discharge of its 1.9mn-barrel cargo due to alleged payment issues.
Oman introduces new LPG cylinder legislation
Oman’s Ministry of Commerce and Industry Promotion has introduced new changes to the country’s Liquid Petroleum Gas regulation in a bid to improve safety standards and streamline the gas cylinder market.
Saudi energy minister responds to criticism over OPEC+ output increase
Saudi Arabia’s Energy Minister Abdulaziz bin Salman Al Saud has responded to criticism regarding OPEC+ member nations’ decision to move forward with a gradual increase in oil production from October 2024.
Iran opens gas supply projects ahead of snap presidential election
Iran’s outgoing government rushed to bring online several major gas projects on June 6, with a focus on the southeastern province of Sistan and Baluchestan in the run-up to an early presidential election later this month.
Dangote refinery begins jet fuel exports
Aliko Dangote’s Lagos refinery has started to export jet fuel to Europe.
Nigeria to acquire 7,700 CNG-powered vehicles
Nigeria’s federal government, Lagos and Niger states have introduced plans to procure 7,700 compressed natural gas (CNG) powered buses to minimise the impacts of fuel subsidy removal.
OPEC+ extends cuts, to unwind voluntary limits
OPEC+ has extended most of its cuts through 2025, but will begin to unwind voluntary additional restrictions
QatarEnergy signs naphtha supply deal with Idemitsu Kosan
QatarEnergy has signed a 10-year deal to supply naphtha to Japan’s Idemitsu Kosan
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