DMEA - Downstream Middle East & Africa
Aramco, Sinopec and Yasref sign framework agreement for petrochemical expansion
Saudi Aramco, China Petroleum & Chemical Corporation (Sinopec) and Yanbu Aramco Sinopec Refining Company (Yasref) have signed a framework agreement paving the way for a major petrochemical expansion at the Yasref refinery in Yanbu.
Ghana eyes regional fuel dominance as it courts investment in downstream sector
Ghana is ramping up efforts to become a regional fuel distribution hub, with the country’s downstream regulator seeking private-led investment to expand infrastructure, strengthen fuel security, and boost exports across West Africa.
Nigerian crude-for-naira deal unsustainable, oil and gas expert says
Nigerian oil and gas expert Ademola Adigun has called for an end to the crude-for-naira agreement between the country’s government and 650,000 barrels per day (bpd) Dangote refinery.
APPO advocates "Africa first" principle when exploiting continent’s vast oil and gas reserves
Africa’s current estimates of 120 million barrels of oil and 632 trillion cubic feet (17.89 trillion cubic metres) of gas reserves are “grossly conservative”, according to African Petroleum Producers’ Organisation secretary-general.
Chevron readies pipeline survey linking Cyprus gas to Egypt facilities
US energy firm Chevron will begin a survey of the eastern Mediterranean seabed early this summer to prepare for a pipeline linking Cyprus’ Aphrodite gas field with processing facilities in Egypt
Nigerian President Bola Tinubu removes Mele Kyari as head of NNPCL
Nigerian President Bola Tinubu has replaced the Nigerian National Petroleum Co. Ltd’s (NNPCL) CEO Mele Kyari and various other board members following concerns about the company’s performance and failure to meet vital production targets.
Italian energy company Eni plans to invest €24bn in Egypt, Algeria and Libya over next four years
Italy’s energy company Eni plans to invest around €24bn in Egypt, Algeria and Libya over the next four years to increase oil and gas production, said the CEO, Claudio Descalzi.
Iran to bring online $5bn petchem projects this year, top official says
Iran’s petrochemical sector is gearing up for a major boost this year, with 18 new projects worth a combined $5bn expected to come online, chief executive of the National Iranian Petrochemical Co. (NIPC) Hassan Abbaszadeh said.
Iraq says no major obstacles stand in the way of export resumption
Iraq’s Ministry of Oil claims there are now only minor technical issues to resolve before Kurdish oil exports can resume via the Iraq-Turkey pipeline
Iran forced to import 16mn litres of fuel daily as demand surges
Iran is being forced to lean on costly vehicle fuel imports to make up for a widening supply gap in petrol and diesel, as domestic production continues to fall short of demand.
Ghana’s central bank to auction $120mn to oil distributors in Q2 2025
Ghana’s central bank will auction $120mn to Bulk Oil Distribution Companies (BDCs) in the second quarter of 2025, matching the volume sold during the first quarter, in a bid to stabilise forex supply for energy imports.
Israel reignites talk of Saudi-Med pipeline
Israel's Energy Minister has unveiled plans to collaborate with the US on multiple initiatives in the energy sector.
Iran’s petrol use during Nowruz holidays surges, sets new record
Iranians burned through over 2.8bn litres of petrol during the 21-day Nowruz holidays, posting a 9% rise in consumption compared to last year, the country’s state-run fuel distributor said.
Kenya scraps KPC out of LPG project, awards contract to Nigerian firm
Kenya’s Ministry of Energy and Petroleum has scrapped a plan by state-owned Kenya Pipeline Co. to develop a 30,000-tonne liquefied petroleum gas storage facility in Mombasa, instead awarding the project to Asharami Synergy.
65% of Nigerian tank farms lie dormant following removal of fuel subsidies
70 Nigerian tank farms have been forced to halt operations in the past two years following President Bola Tinubu’s announcement halting fuel subsidies.
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