DMEA - Downstream Middle East & Africa
Nigeria’s Dangote Refinery expected to achieve full capacity in March
President and CEO of Dangote Group Aliko Dangote said this week that his 650,000 barrel per day refinery was currently holding more than 500mn litres of petrol in its reservoir, according to Punch.
Consortium to construct $7bn petchem complex in Egypt
UK-based wealth and asset manager Shard Capital Partners revealed on February 21 that a proposed $7bn petrochemical complex in Egypt’s New Alamein City was expected to produce 3.1mn tonnes per year of eight specialised products.
Trump launches fresh sanctions on Iranian oil industry
The US has introduced yet more sanctions on Iran’s oil industry, targeting around 30 brokers, shipping companies and tanker operations on February 24 for selling Iranian petroleum, according to Reuters.
Iran’s filling stations to set up solar panels in push for clean energy
Iran’s fuel stations are set plans to install solar panels to generate clean energy, the country’s Fuel Stations Union said, amid a chronic power shortage that has badly affected the economy.
Shipping companies fight against biofuel regulations
Offshore Energy reported this week that numerous shipping companies had called on the International Maritime Organization to remove “unsustainable” biofuels from its list of alternative fuel sources.
Global LNG demand to surge 60% by 2040 on Asian economic growth
Global demand for LNG is expected to rise by around 60% by 2040, driven by economic growth in Asia, emissions reductions in heavy industry and transport and the increasing energy requirements of AI.
Iran misses annual petchem output target despite slight growth
Iran’s annual petrochemical production capacity climbed to nearly 100mn tonnes, a senior industry official said, a figure that falls short of the country’s target for the current Persian calendar year that ends on March 20.
West Africa Gas Pipeline eyes expansion amid maintenance works
INTERVIEW: Integrating AI with data and experience
AI is rapidly gaining traction in the oil, gas, and renewable energy sectors, as companies seek cost reductions, emissions control and safety improvements.
Iran can overcome petrol deficit via CNG development, union leader says
An Iranian union leader proposed that the government set aside 10% of its petrol import budget to develop the country’s compressed natural gas (CNG) sector, arguing that this move could eliminate fuel shortages.
Kenya pushes regional pact for Eldoret-Kampala-Kigali fuel pipeline
African Energy Chamber to discuss opportunities for Chinese firms at Shanghai energy investor forum
The Invest in African Energies forum is part of a series of global events, organised by the AEC, to explore new opportunities for Chinese companies in Africa,
Iraq to resume Kurdish exports amid US pressure, tensions
The US has ramped up pressure on Iraq to restart Kurdish oil exports, aiming to circumvent potential shortfalls from Iranian supplies amidst ongoing sanctions.
Iran's South Pars facilities producing more than 710,000 bpd of condensates
Iran’s South Pars Gas Complex has achieved a significant production milestone by generating over 710,000 barrels per day of gas condensates across its 13 refineries.
Iranian energy giant implementing ‘mega’ AI-driven systems in oil fields
The National Iranian Oil Co. (NIOC) is in the process of implementing three “mega” digital systems in eight oil fields, head of the company’s Research and Technology Department Mahdia Motahhari said.
Ghana explores 24-hour economy in petroleum sector to boost growth
CNG stations in Iran shut down due to inability to cover costs
A union leader in Iran said around 12% of compressed natural gas (CNG) filling stations nationwide were forced to shut down due to low commission rates, a situation he warned could lead to an uptick in petrol imports.
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