DMEA - Downstream Middle East & Africa
Iranian petchem giant to invest $200mn in flare gas recovery in Khuzestan oil fields
Iran’s largest petrochemical conglomerate, the Persian Gulf Petrochemical Industries Co. (PGPIC), plans to pour $200mn into a flare gas recovery project in the West Karoun oil region of Khuzestan province, southwest Iran.
Turkish petrochemical company Kimpas sanctioned by US for allegedly trading with Iranian firms
Egypt eyes long-term contracts for Qatari natural gas supply
Egypt and Qatar are planning to sign long-term contracts for the supply of Qatari natural gas to meet Egypt’s domestic energy needs.
Tanzania unveils Africa’s second-largest CNG station to power shift away from petrol
Tanzania has inaugurated Africa’s second-largest Compressed Natural Gas (CNG) mother station in Dar es Salaam. The TZS 18.9bn ($7.043mn) facility, launched on May 10, can refuel 1,200 vehicles daily and serve eight vehicles at once.
Sudan plans to shut down oil facilities in Port Sudan due to RSF attacks
The country’s energy minister Mohieddien Saied said the RSF attacks have severely affected oil production and export capabilities. The attacks have undermined both Sudan and South Sudan economically.
Amid oil price challenges, Aramco announces Q1 results
Aramco has reported a fall in Q1 net income, reflecting the turbulence of global energy markets and softer oil prices
Iran courts foreign investors to expand petrochemical sector
Iran had held promising talks with foreign companies during its annual oil show in Tehran to attract investment to its petrochemical sector, a deputy oil minister said.
Iran to commission refining projects worth $3bn this year, deputy oil minister says
Iran plans to bring online new oil refining projects worth $3bn by the end of the current Persian calendar year in a bid to beef up its domestic production capacity and cut down on costly fuel imports, an official said.
Workers angered by “poverty wages” at Turkish refiner TUPRAS block highway, hold marches at several company sites
Workers at largest Turkish refiner TUPRAS, who have been resisting a signed collective bargaining agreement for weeks, blocked a highway near a refining site in Gebze, southeast of Istanbul, and took part in marches at other company refineries.
UAE reportedly to co-fund $25bn Nigeria–Morocco gas pipeline project
The UAE has joined countries and institutions that have shown interest in funding the $25bn Nigeria–Morocco gas pipeline project, days after the US showed a similar interest.
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