DMEA - Downstream Middle East & Africa

Aramco begins construction of new petrochemical project in China

Saudi Arabia’s Saudi Aramco has commenced construction of a joint petrochemical facility in China along with project partners Sinopec and Fujian Petrochemical.

Iranian VP highlights need to hike petrol prices

Petrol is “cheaper than drinking water” in Iran, a presidential aide told state TV, saying that such low prices “cannot continue.”

Iraq signs loan agreement for Basra refinery project

A Japan International Cooperation Agency (JICA) loan agreement worth $388nm has been signed by Iraqi Finance Minister Taif Sami for the sixth phase of Iraq’s 210,000 barrel per day (bpd) Basra Refinery Development Project.

NNPCL spokesperson corrects false report

The Nigerian National Petroleum Company Ltd. (NNPCL) has called a news report a “misinterpretation of fact” after it claimed the company had stopped fuel imports and begun buying fuel from Dangote Refinery and other local plants.

Iraq renews agreement to supply heavy fuel oil to Lebanon, war losses hit $8bn plus

Iraq has renewed an agreement to supply Lebanon with heavy fuel oil to the end of January 2025, Walid Fayad, the acting minister of energy and water in Lebanon’s caretaker government, announced last week.

Ghana Gas saves $250mn, urges global investors to back local cylinder manufacturing drive

Saudi ACWA Power to build 2,000 MWh storage systems in Uzbekistan

Iran launches major renovation work at Kharg terminal

Iran's Oil Ministry has announced a significant renovation project for its key oil export terminal in the Persian Gulf

DMEA: MMG plans new biofuel facility in UAE

Iranians use ‘three times’ more power than Europeans

Iranian President Masoud Pezeshkian called on citizens to cut back on energy consumption, claiming that the country used “three times more electricity” than European nations.

East African Crude Oil Pipeline (EACOP) project reaches 47% completion

Turkey continues to supply oil to Israel

This week, the Turkish Energy and Natural Resources Ministry released a written statement calling allegations that Turkey had shipped oil from the port of Ceyhan to Israel “completely unfounded”.

Mercantile & Maritime Group reveals new biofuel facility in UAE

The Mercantile & Maritime Group has unveiled a plan to expand its MENA Terminals facility in Fujairah alongside the launch of a £272.2bn biofuel processing plant.