DMEA - Downstream Middle East & Africa

Nigeria’s NNPCL debunks claims it imported 200mn litres of petrol in February

The Nigerian National Petroleum Co. Ltd. (NNPCL) has moved to debunk claims that it had imported more than 200mn litres of petrol this month.

Nigerian army recovers 95,000 litres of stolen crude

The Nigerian Army said this week that it had recovered 95,000 litres of stolen crude oil after destroying 25 illegal refineries and arresting 12 alleged oil thieves in the Niger Delta, according to Punch.

South Africa seeks regional collaboration to advance major oil refinery revival

South Africa is seeking regional partnerships with national oil companies to revive its mothballed Sapref crude oil refinery site near the port of Durban on the east coast in KwaZulu-Natal province.

Saudi Arabia’s Luberef aims to complete Yanbu Growth II project in 2025

President and CEO of Saudi Aramco Base Oil Company (Luberef) Samer Al-Hokail said this week that the company would be focusing primarily on completing the Yanbu Growth II project in 2025, according to Zawya.

Angola reveals 15% increase in LPG sales

Angola’s downstream regulator Instituto Regulador dos Derivados do Petróleo revealed this week that the country was able to bring 140,185 metric tonnes of liquefied petroleum gas (LPG) to the domestic market in the first quarter (Q1) of 2024.

Istanbul-listed Petkim’s port unit obtains $140mn three-year loan from JPMorgan at SOFR+4.35%

Port operator Petlim, a unit of Turkish petrochemical producer Petkim (PETKM), has obtained a $140mn three-year loan from JPMorgan.

Senegal refines domestic oil for first time

Kurdish and Federal Iraqi officials share views on resuming oil exports

The president of Iraq’s Kurdistan region has indicated the likely resumption of oil exports next month.

Iranian government hikes gas prices for industries by 2.5-fold

Iran has jacked up gas prices for all industrial units, including petrochemicals, by 2.5 times this Persian calendar year, figures outlined in a newly issued directive by the National Iranian Petrochemical Co. (NIPC) revealed.

First LNG at GTA project enhances energy security for West Africa's MSGBC region

The start of LNG production at the Greater Tortue Ahmeyim project in Senegal and Mauritania has signalled a new era of energy security and resource monetisation for the MSGBC region in West Africa.

Gulf Cooperation Council committed to tackling climate change

The Gulf Cooperation Council this week said that it would continue with plans to address the impacts of climate change.