DMEA - Downstream Middle East & Africa
Trump wins the election but US oil supply unlikely to rise, says analyst
Ex-president Donald Trump may have won the US election, but the country’s oil supply is unlikely to increase. This is according to Anne-Sophie Corbeau, BP’s former head of gas analysis in an interview on the eve of the vote.
Energy industry must drive sustainable socio-economic growth: ADIPEC
The global energy industry must drive the next phase of sustainable socio-economic growth, UAE Industry Minister and CEO of the country’s national oil company ADNOC, Sultan Ahmed Al Jaber, said at the ADIPEC conference in Abu Dhabi on November 4.
Liquid fuel burning on the rise in Iranian power plants amid gas shortage
Supply of mazut (heavy fuel oil) to Iranian thermal power plants (TPPs) saw a jump of 80% last month due to a growing gas shortage ahead of the winter, the chief executive of Iran’s state fuel distributor said.
Iran imports 8.5mn litres of petrol amid lingering shortfall
Iran’s state-run fuel distributor is importing more than 8.5mn litres of petrol daily to offset the shortage, the company’s CEO said.
Iranian MP accuses government of ‘lying’ over possible petrol price hike
An Iranian lawmaker accused the government of “lying” to the public by claiming it had no plans to hike petrol prices next year starting on March 21, 2025.
Global oil supply to see major glut next year: World Bank
Global commodity prices are on track to slump to a five-year low next year, with an oil glut emerging so large that it will largely negate the impact of the Israel-Palestine war escalating into a regional Middle Eastern conflict.
Iraq signs gas field development deal with Chinese firm for 300 mmscfd capacity
Iraq signed a contract on October 31 with a Chinese consortium to develop the Mansuriya gas field in Diyala province, targeting production of 300mn standard cubic feet per day
Dangote struggles to keep up with supply commitment
Nigeria’s 650,000 barrels per day (bpd) Dangote Refinery has shipped its first cargo of gasoline on ship bound for Lagos, according to ship tracking data released by Bloomberg.
Ghana seeks petroleum imports from Nigeria's Dangote refinery to bolster energy security
Ghana is in talks to import refined petroleum products from Nigeria’s Dangote Refinery as part of a broader strategy to enhance energy security and deepen economic ties with West African neighbours.
MP exposes oil theft ongoing at Iranian refinery ‘for years’
Iranian lawmaker Malek Shariati blew the whistle on a brazen oil theft on a television programme from a refinery in Iran.
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