DMEA - Downstream Middle East & Africa
Aramco, Petrovietnam sign collaboration framework agreement
Saudi Aramco has signed a Collaboration Framework Agreement (CFA) with Vietnam Oil and Gas Group (Petrovietnam), laying the groundwork for future cooperation between the two companies.
Multiple groups call on Nigerian government to investigate corruption in the NNPCL
Energy Reforms Advocates (ERA) and All Progressives Congress Youth Vanguard for Change (APCYVC) have called on the Nigerian government to investigate the Nigerian National Petroleum Co. Ltd. (NNPCL) over its failure to rehabilitate refineries.
Petrol imports have cost Iran $3bn this year as president urges for reforms
Iran's President Masoud Pezeshkian called for a rethink on the petrol subsidy scheme, urging a “fairer distribution of the handouts” amid a growing fuel shortage.
Iran releases prices for feedstocks
Iran’s Ministry of Petroleum has rolled out significant increases in natural gas prices for various industrial sectors, including petrochemical feedstock, industrial fuel, steel production and cement manufacturing.
Reports of damage at Iranian refinery during Israeli strikes rejected
The Iranian Oil Ministry's Shana News Agency on October 29 rejected media reports that a major refinery the south-western Khuzestan province was pounded in Israeli air strikes over the weekend.
NLC condemns IMF over subsidy removal
Wood wins engineering work for Aramco gas expansion
Wood has been selected by Aramco to carry out engineering services to support gas expansion
OQ begins construction of $202mn fuel storage facility
Oman’s state-owned energy investment company OQ has begun construction on its $202mn Strategic Fuel Storage Project in Musandam, laying the foundation stone for the facility on October 23.
Kuwait’s oil sector awards and extends contracts
Kuwait’s central tender agency has moved forward with several key contracts and extensions
AEC encourages investors to tap into Central Africa’s hydrocarbon resources at CABEF 2024
DMEA: Iran moves to contain oil spill off Kharg island
Jordan provides update on imports from Iraq
Jordan’s crude oil imports from Iraq ran at 10,226 bpd in September
Dangote helps Nigeria cut down on jet fuel imports
Nigeria’s 650,000 barrels per day (bpd) Dangote Refinery has cut aviation fuel imports down to 5,000 bpd this year from 13,000 in 2023, according to a report by Energy Intelligence.
South Africa continues to fund fuel subsidy with oil stockpiles
Bloomberg revealed this week that South Africa is still selling oil from its strategic stockpiles to insulate its citizens from spikes in fuel prices – continuing a policy that was first introduced in 2022.
Iran moves to contain oil spill off Kharg Island
Iranian authorities have been battling to contain an oil spill that occurred on October 17, 6.4 km from its main crude oil export terminal on Kharg Island, according to a report made by Iranian media outlet IRNA.
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