DMEA - Downstream Middle East & Africa
Iran’s South Pars Refinery 7 set to increase production
Iran’s South Pars Refinery 7 is on track to maximise production, according to the facility’s manager – Mehrdad Abdi – who said that output is expected to increase significantly by the end of March this year.
OPEC+ continues with production plan despite Trump’s demands
OPEC+ has decided to continue with its current oil production plans after a review meeting on February 2 despite calls from US President Donald Trump to lower crude prices.
Petrochemical output up 3.5% in Iran
A report from the Iranian government released February 2 has revealed that the country’s petrochemical production was able to reach 96.3mn metric tonnes from March 21 to December 20 2024 – an increase of 3.5% compared to last year.
Nigeria set to deny oil export permits for producers
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed on February 3 that it would not allow producers to gain export permits for oil cargoes if they had not met their supply quotas to local refineries.
Household gas cylinder shortage crisis intensifies in Tunisia despite Algerian support
Several Tunisian regions are still experiencing a shortage of household gas cylinders despite recent Algerian gas shipments. An Algerian shipment of 5,200 tonnes of LNG arrived at the port of Bizerte in Tunisia recently to help meet increased demand.
Iraqi MPs give nod to Kurdish oil export resumption
Iraq's parliament has paved the way for the resumption of oil exports from the semi-autonomous Kurdistan Region.
Kuwait’s KPC prepares trading arm to begin operations with senior hires
Kuwait's KPC has made several senior appointments at its Dubai-based trading arm ahead of the start of operations.
Tanker carrying 10mn litres of smuggled fuel seized off Iranian coast
Iran has seized a vessel in the Persian Gulf on suspicion of smuggling 10mn litres of petroleum products.
Nigeria’s LNG exports drop 20% due to pipeline vandalism
Shell reportedly close to dispute resolution with South African Thebe Investment Corp over $1bn asset
Energy supermajor Shell and its South African partner, Thebe Investment Corporation, are nearing a valuation dispute resolution over Shell’s downstream operations in South Africa.
Iran signals possible petrol price hike amid chronic fuel shortages
The Iranian government once again raised the prospect of hiking petrol prices in the next fiscal year, starting on March 21, amid chronic fuel shortages.
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