DMEA - Downstream Middle East & Africa
Aramco purchases 50% stake in Blue Hydrogen Industrial Gases Co.
Aramco is set to acquire a 50% stake in Air Products Qudra subsidiary Jubail-based Blue Hydrogen Industrial Gases Company following the signing of multiple definitive agreements.
Three banks exit Kenyan oil import deal
Three Kenyan banks have left a monthly government oil deal worth $500mn with two Gulf states due to increasing competition involving sending letters of credit to local importers.
Ghana’s LPG Marketers Association says it does not oppose CRM
Ghana’s Liquefied Petroleum Gas (LPG) Marketing Companies Association has said that it is not opposed to the implementation of the National Petroleum Authority’s (NPA) Cylinder Recirculation Model (CRM).
Hodeidah oil terminal bombed by Israeli jets
Yemen’s Hodeidah oil products terminal was bombed on July 21 by Israeli aircraft in response to a July 19 drone attack conducted by Iran-backed Houthi rebels on Tel Aviv.
Aliko Dangote says he may give up control of 650,000 bpd refinery
Aliko Dangote has revealed his frustrations with Nigerian regulatory bodies and the NNPCL
Iran producing all petroleum catalysts, says deputy oil minister
Iran has achieved its goal of mass-producing all the catalysts needed for the petroleum industry under a three-year plan, Deputy Oil Minister for Petrochemicals Morteza Shahmirzaei said.
Annual petrol usage to surge by 3.7bn litres, says Iranian deputy oil minister
The skyward trend in petrol consumption continues to grow with a deputy oil minister warning that the rate could soar by about 9% in the current Persian calendar year that started on March 20.
Nigeria's Dangote Refinery turns to Libya for crude oil amid domestic supply challenges
The plant, located in the Lekki Free Zone near Lagos, currently produces about 50% of its 650,000 bpd installed capacity and is looking to reach the 60% mark by September and 85% mark before 2025.
Iraq and Jordan renew and extend supply MoU
Iraq and Jordan have extended their bilateral crude oil supply deal until mid-2025
South Africa moves to boost refining capacity
South Africa’s Astron Energy has confirmed it is committed to improving the country’s refining capacity following years of declining supply due to numerous changes in the industry.
Logistic costs to make petrol more expensive in Uganda than Kenya.
In a significant development affecting fuel pricing dynamics between Uganda and Kenya, discrepancies in pipeline and logistics costs have emerged, complicating Uganda's efforts to achieve cheaper oil imports by bypassing Kenya.
Petroleum minister insists Port Harcourt nearing its final phase
Nigerian Minister of Petroleum Resources Heineken Lokpobiri has insisted that the rehabilitation of the country’s 210,000 barrel per day Port Harcourt refinery is nearly at its final phase.
NNPCL has stake in Dangote reduced to 7.2%
The Nigerian National Petroleum Co. Ltd (NNPCL) has had its 20% stake in the country’s 650,000 barrel per day Dangote refinery reduced to 7.2% over a non-payment – according to Dangote Group CEO Aliko Dangote.
Fertiglobe set to supply renewable ammonia to Europe
UAE-based petrochemicals company Fertiglobe has won a contract to supply 397,000 tonnes of renewable ammonia to the European Union by 2033.
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