DMEA - Downstream Middle East & Africa
Iran removes subsidies, inaugurates 17 new oil, petchem and refining projects
Iran continues to make progress under the thumb of sanctions, however, certain issues are beginning to show some cracks in the system.
IPMAN shuts petrol stations in protest
The Independent Petroleum Marketers Association of Nigeria (IPMAN) said on June 24 that it had closed around 1,800 petrol stations across Nigeria’s northeast in protest over the conduct of an anti-smuggling operation.
QatarEnergy, ENEOS Corp. sign naphtha supply agreement
QatarEnergy has entered a 10-year naphtha supply agreement with a Japanese refining and petrochemicals company, ENEOS Co. The deal will see QatarEnergy supply around 9mn tonnes of the commodity from July onwards.
Port Harcourt, Warri refineries conclude test runs, begin preliminary production
The Nigerian National Petroleum Co. Ltd (NNPCL) has announced that Nigeria’s long-struggling Port Harcourt and Warri refineries have begun the preliminary production of petroleum products following successful conclusion of test runs.
Fossil fuel use reaches global high
A new report finds that fossil fuel energy use rose to a record high in 2023, despite efforts to combat climate change.
Kenya set to increase LPG consumption
The Kenyan government has announced plans to increase the country’s liquefied petroleum gas (LPG) use from 6.5kg per capita to 15kg per capita by 2027.
Iran commissions 17 petroleum projects to earn $2bn annually
The Iranian Oil Ministry went on a launching spree on June 24 to bring online 17 major petroleum projects nationwide several weeks before the term of the current government comes to an end.
ENEOS the latest to sign up Qatari naphtha supplies
ENEOS has signed a long-term deal for naphtha supply offtake from QatarEnergy.
Iran has to import $2bn worth of petrol this year, MP says
An Iranian lawmaker has warned of a deepening energy shortage in Iran, flagging up the fact that the country would need to shell out $2bn for petrol imports this year.
Nigeria's petrol prices skyrocket by 223% in a year
Ghana’s cylinder recirculation model picks up speed
Ghana’s Cylinder Recirculation Model is expanding across the country, with LPG cylinders on their way to new designated exchange centres
Follow us online