DMEA - Downstream Middle East & Africa

NNPCL searches for private companies to run refineries

The NNPCL has revealed that it may be selling Nigeria’s Warri and Kaduna refineries to private companies.

Student union urges Tinubu to support Dangote Refinery as it begins gasoline production

The West African Students’ Union (WASU) has asked Nigerian President Bola Tinubu to take action to help the country’s 650,000 barrel per day Dangote refinery.

Iran’s petchem exports soar 12.8% in five months, official data shows

Iran’s export of petrochemical products surged by 12.8% in the first five months of the current Persian calendar year (March 21-August 21) compared to the same period last year, said the head of the Islamic Republic of Iran Customs Administration.

QatarEnergy to build new urea fertiliser plant

QatarEnergy has revealed that it will be constructing a new urea fertiliser plant at Mesaieed Industrial City that will make Qatar the largest urea exporter in the world by 2030.

Libyan oil terminal set to resume exports following political turmoil

Engineers based at Libya’s Sarir, Messla and Nafoura told Reuters this week that they had been ordered to resume production following a standoff between the country’s two opposing political factions.

$650mn Borouge dividend receives approval

ADNOC’s Borouge joint venture has received approval to begin paying out a $650mn H1-2024 interim dividend (7.94 fils per share), allowing shareholders to get a $1.3bn as dividend for the entirety of 2024 after “exceptional growth."

Minister warns of economic ‘shock’ in Iran in case of fuel price hike

Iran’s Economy Minister Abdolnaser Hemmati warned that any fuel price hike could push up basic goods prices, giving an economic “shock” to Iranian society.

Son of Iranian leader’s advisor acts as oil tycoon to sell crude, Bloomberg claims

An investigation revealed that the son of a top security adviser to Iran’s supreme leader Ayatollah Ali Khamenei had become a “kingpin” in global oil markets, even in the face of US sanctions.

DMEA: Global oil prices rise following Libyan production shutdown

Iranian tech firm exports $4mn worth of catalysts to Russia

An Iranian technology-based firm has exported more than $4mn worth of catalysts used in the petrochemical and steel sectors to Russia this year.

NNPCL unable to fix pipelines due to lack of funds

Nigeria’s Minister of State for Petroleum Resources Heineken Lokpobiri has said that the state-run Nigerian National Petroleum Co. Ltd. (NNPCL) does not have the necessary funds to rebuild the country’s old pipelines.

EACOP protest sees 18 arrested in Kampala

Fresh protests against the East Africa Crude Oil Pipeline continue to emerge as the project progresses.

Political and security challenges delay development of major gas projects in Africa

Since the start of the Russia-Ukraine war in 2022, interest in Africa’s gas resources has surged. However, political and security challenges have delayed the development of major gas projects on the continent, according to analysts

Mitsubishi Power signs gas turbine deal for Saudi petchem complex

Mitsubishi Heavy Industries’ (MHI) Mitsubishi Power announced on August 26 that it had received an order from Samsung C&T Corporation Saudi Arabia to provide a hydrogen-ready gas turbine for an industrial steam and electricity cogeneration plant.