DMEA - Downstream Middle East & Africa
Turkey’s Ronesans closes financing for $2bn polypropylene production plant in Ceyhan
Turkey’s Ronesans Holding has announced in a press release that it has closed the financing required to push ahead with the development of a $2bn polypropylene (PP) petrochemical production plant and sea terminal facility in Ceyhan.
Ghana provides update on oil and gas investment opportunities at Invest in African Energies: Accra Briefing
The Invest in African Energies: Accra Briefing on April 14 provided an update on the latest developments in Ghana’s oil and gas sector, highlighting upstream and downstream strategic investment opportunities.
Gunvor, ADNOC reportedly shortlisted to buy Shell’s downstream assets in South Africa
The UAE’s Abu Dhabi National Oil Company (ADNOC) and Swiss energy commodities trader Gunvor are among companies that have been shortlisted to buy British energy supermajor Shell’s downstream assets in South Africa.
Nigerian fuel marketers head towards obsolescence as local refining picks up
Nigerian oil marketers are set to potentially lose around N14bn ($8.7mn) following 650,000 barrels per day (bpd) Dangote refinery’s decision to cut petrol prices last week, according to Punch.
Chinese-Egyptian JV to design Red Sea petrochemicals complex
A joint venture (JV) consisting of Chinese and Egyptian companies has signed an agreement for the preliminary design of the first phase of the Red Sea Petrochemicals Complex project, set to be constructed at Ain Sokhna in the Gulf of Suez.
NNPCL cuts petrol price to $0.58 per litre in Abuja, Nigeria
The Nigerian National Petroleum Co. Ltd. (NNPCL) has lowered the price of petrol in Abuja following an announcement from 650,000 barrels per day (bpd) Dangote refinery.
Turkish refiner Tupras resumes imports of Russian oil
Turkey’s largest refiner Tupras has resumed buying Russian Urals crude following the decline in its price on the oil market.
Iraq signs three MoUs with Chinese SEPCO for petrochemical projects in Karbala
The agreements cover the construction of four petrochemical plants, infrastructure development and the operation and maintenance of production units.
Iraqi oil fields to feed NGL plant in western Iran with APG
A recent deal between Iran and Iraq to transfer associated petroleum gas (APG) to western Iran is aimed at supplying feedstock for an underfed natural gas liquids (NGL) production facility near the border.
Angola’s Lobito Refinery project looks for an additional $4.8bn to fill funding gap
Angola’s state-owned oil company Sonangol is searching for $4.8bn to fill a gap in funding for the country’s 200,000 barrel per day Lobito Refinery project.
Yasref, Aramco, Sinopec sign agreement for petchem expansion
Saudi Aramco, Yasref and Sinopec have signed a Venture Framework Agreement (VFA) to prepare for the expansion of a petrochemical facility at the Yasref refinery in Yanbu, Saudi Arabia.
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