DMEA - Downstream Middle East & Africa
Petroleum marketers halt imports, rely on Dangote Refinery for fuel supply
Nigeria’s biggest petroleum marketers have revealed that they will be halting petrol imports after 650,000 barrels per day Dangote Refinery increased local supply.
OPEC+ to cut crude prices for Asia
Saudi Arabia is set to cut crude prices for Asian buyers in January to their lowest level in years, with prices likely to decline by 70 to 90 cents per barrel from December, according to Asian refinery sources who took part in a Reuters survey.
Cameroon to implement additional fuel subsidy cuts in 2025
Cameroon’s government is ready to implement additional fuel subsidy cuts under the guidance of the International Monetary Fund (IMF), with the policy scheduled for introduction in 2025.
Port Harcourt refinery loading products daily
Nigerian National Petroleum Co. Ltd. (NNPCL) has revealed that part of its rehabilitated 210,000 barrels per day Port Harcourt Refining Complex (PHRC) at the Area 5 terminal is now ready to commence loading of around 200 trucks per day.
UN plastic pollution talks collapse as volume of waste escalates
The failure of recent global talks in Busan, South Korea, to produce a landmark treaty to combat plastic pollution, has underscored the complexities and challenges of addressing one of the planet’s most pressing environmental and climate issues.
Iranian president again hints at possible petrol price hike
Iranian President Masoud Pezeshkian has floated the idea of hiking petrol prices in the next fiscal year starting on March 21, 2025, despite fierce opposition from parliament.
Iran alleges major boost in vehicle fuel output
A senior Iranian Oil Ministry official claimed a significant surge in vehicle fuel production since the government of President Masoud Pezeshkian took office in late July.
DMEA: Nigerian fuel smugglers continue to profit
China’s Export-Import Bank should not back EACOP, says Human Rights Watch
Human Rights Watch (HRW) has urged China’s Export-Import Bank (Exim Bank) not to finance the East African Crude Oil Pipeline project which is being developed to transport oil from western Uganda's oilfields to the port of Tanga in eastern Tanzania
NNPCL to proceed with refinery privatisation plan
The Nigerian government has announced that it will be fully privatising the country’s state-owned refineries with 210,000 barrels per day (bpd) Port Harcourt, 125,000 bpd Warri and 110,000 bpd Kaduna on the list.
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