DMEA - Downstream Middle East & Africa

Saudi Arabia forms new petchem committee

Saudi Arabia has moved to improve private sector participation in petrochemicals by introducing its first national committee for energy and petrochemicals – overseen by the Federation of Saudi Chambers.

AGL set to expand Pointe-Noire terminal

Congo Terminal – a subsidiary of Africa Global Logistics (AGL) – is poised to begin the expansion of the port of Pointe-Noire in the Republic of Congo (ROC) together with China’s Road and Bridge Co.

Nigerian fuel smugglers continue to profit

Nigerian fuel smugglers continue to cross borders to trade petrol from cans and bottles due to low prices of the product in the country, with anonymous traders noting that the business remains “very profitable,” according to Vanguard.

Indian Oil renews annual crude oil import agreement with Iraq for 2025

Indian Oil Corporation (IOC), India’s largest government-owned oil and gas refining company, has renewed its annual crude oil import agreement with Iraq for 2025, maintaining the agreed volume at 21mn tonnes.

Nigeria saves $7.5bn due to fuel subsidy removal

The Nigerian government has announced that it is saving $7.5bn a year from funds previously used for fuel subsidies after the policy’s removal.

Tinubu’s administration projects Nigeria to save $7.5bn annually from fuel subsidy removal

US sanctions on Gazprombank put $200mn South African gas-to-liquids project in difficult position

US sanctions on Russia's Gazprombank announced on November 21 are likely to negatively affect a planned $204mn project to revive a gas-to-liquids plant in South Africa, as per local media reports.

Tenders for $25bn Nigeria-Morocco gas pipeline expected in 2025

West African Gas Pipeline undergoes critical maintenance as inspection begins

The West African Gas Pipeline Company Limited (WAPCo) will on Monday, November 25, begin a major cleaning and inspection of the West African Gas Pipeline (WAGP), an official statement said.

KPC head outlines spending plans to boost oil output

KPC plans to invest $33bn over the next five years to expand oil production capacity

Iran prepares for major plane fuel price hike

DMEA: Iraq signs loan agreement for Basra refinery project

Aramco, Rongsheng to develop Saudi petrochemical complex

Dangote looks to increase production at $20bn refinery

The owner of Dangote Refinery Aliko Dangote is engaged in discussions with development banks, oil traders and commercial lenders to obtain billions in a bid to increase production at the 650,000 barrels per day (bpd) plant, according to FT.

JBIC invests in Moroccan energy transition

Japan Bank for International Cooperation (JBIC) has signed a Memorandum of Understanding (MoU) with Morocco, bolstering cooperation between the two countries and aiding Morocco in its transition towards carbon neutrality.