DMEA - Downstream Middle East & Africa
Iran’s petchem giant in talks with 16 foreign firms for joint ventures
Iran’s largest petrochemical holding group, the Persian Gulf Petrochemical Industries Co. (PGPIC), has struck preliminary deals with 16 foreign companies, paving the way for greater international cooperation.
Gas shortage to take heavier toll on steel makers this year, union leader implies
The Iranian Oil Ministry has moved to restrict gas supplies to the steel industry earlier than usual this year, as a severe shortage bites amid a spike in domestic demand for gas ahead of winter, a union leader said.
Dangote talks fuel supply with eight African countries
Nigeria’s 650,000 barrels per day Dangote Refinery is currently in talks to supply gasoline to eight African countries, according to a recent report by Nigerian news outlet Punch.
NNPCL to develop 12 CNG stations and mini-LNG plants
The Nigerian National Petroleum Co. Ltd.’s (NNPCL) Group CEO Mele Kyari has revealed plans to develop 12 Compressed Natural Gas (CNG) stations, along with numerous mini-Liquefied Natural Gas (LNG) plants around Nigeria.
ERC announces $200mn expansion plan
Africa’s largest refinery Egyptian Refining Co. (ERC) – a subsidiary of Qalaa Holdings – has revealed that it will be investing $200mn into the second phase of its expansion project.
Iranian government permits high-octane petrol imports at free market rate
Iran has lifted restrictions on the imports of high-octane petrol as part of efforts to reform heavily subsidized fuel handouts amid a growing shortage.
Planned outages due to liquid fuel shortage, Iranian parl. center says
Iran's Parliamentary Research Centre (PRC) has attributed the country's nationwide power outages to a shortage of gas and liquid fuels for thermal power plants (TPPs).
Baghdad approves budget amendment to compensate KRG
Iraq has approved a proposal at covering KRG oil production and transportation expenses from sovereign expenditures
DMEA: Lootah Biofuels to collaborate with SAVICO Group
AI takes centre stage at ADIPEC
The conference, where almost 200,000 participants gathered, featured a series of sessions dedicated to the technology, as well as a special AI zone, where various AI-related energy solutions and initiatives were presented.
Planned blackouts strike Iran amid gas shortage at power plants
Iran was plunged into darkness as the government introduced “limited” power outages nationwide from November 10 due to a gas shortage that affected electricity generation at thermal power plants (TPPs).
Iran bans mazut burning at power plants amid gas, electricity shortage
The Iranian government has banned the use of liquid fuel for electricity generation at three key thermal power plants (TPPs) as concerns about winter power cuts mount.
Aliko Dangote files lawsuit against NMDPRA and NNPCL
CEO of Dangote Group and owner of Nigeria’s 650,000 barrels per day Dangote Refinery Aliko Dangote is currently fighting against ongoing opposition to his $20bn investment within the country’s oil sector.
Lootah Biofuels to collaborate with SAVICO Group
The UAE’s Lootah Biofuels has revealed that it is currently in talks with Vietnamese renewable energy company SAVICO Group, focusing on strengthening bilateral cooperation and achieving sustainable development in Vietnam and the UAE.
Bapco modernisation plan set to reach milestone in 60 days
Bahrain’s Bapco Energies is set to reach a notable milestone as part of its Bapco Modernisation Programme (BMP) – a policy that aims to increase Bapco Refining’s capacity from 267,000 barrels per day (bpd) to 400,000 bpd.
Oman’s OQBI lists 49% stake on local stock exchange
Oman’s only integrated producer of methanol, ammonia, and LPG OQ Base Industries (OQBI), has revealed plans to list a 49% stake on the local stock exchange.
SABIC CEO expects sales to grow following completion of new plants
CEO of Saudi Basic Industries Co. (SABIC) Abdulrahman Al-Fageeh has said that the company’s sales are expected to grow once the Fujian Petrochemical Complex in China and a Methyl tert-butyl ether (MTBE) plant in Jubail are completed.
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