DMEA - Downstream Middle East & Africa
Methanex, Egypt meet to discuss methanol production
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with the Senior Vice President of Corporate Resources Brad Boyd at Canadian-based Methanex Co. on Sunday to discuss production rates of methanol in Egypt.
Iranian pump owners' union says fuel smuggling is systematic
The spokesperson for Iran's Fuel Stations Union said that 25mn litres of petrol were smuggled out of the country every single day in a wholesale and systematic way involving “hundreds of road tankers.”
ADNOC buys stake in ExxonMobil's Baytown project
Abu Dhabi National Oil Co. (ADNOC) has signed an agreement to acquire a 35% equity stake in ExxonMobil’s proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas.
Iran's parliament seeks to reform petrol rationing based on ID numbers
Iran’s parliament has drafted a bill to allocate a monthly petrol quota to each citizen with a national identification number, scrapping the current rationing system that doles out fuel to each car.
Jordan contracts FSU from BW Group for 10 years
Iranian VP calls vehicle fuel subsidies senseless amid growing shortages
The mismatch between petrol production and consumption in Iran has widened to a daily deficit of 30mn litres, First Vice President Mohammadreza Aref said as he called heavy fuel subsidies senseless.
Iran’s VP raps vulnerability of fuel pumps in face of cyberattacks
Iran’s First Vice President Mohammadreza Aref criticised the former oil minister for failing to thwart two cyberattacks that paralyzed petrol stations nationwide, accusing Javad Owji of “negligence.”
DMEA: QatarEnergy to build new urea fertiliser plant
Collective effort needed to shore up Iran’s petroleum industry
Iran's New Oil Minister Mohsen Paknejad has taken the helm of the country's petroleum industry at a time when it faces major economic, developmental, managerial, international and human resource challenges.
Nigeria’s $6bn petrol debt explained
Nigeria’s National Petroleum Corporation Ltd is facing severe financial strain, with over $6bn owed to petrol suppliers.
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