DMEA - Downstream Middle East & Africa
Nigeria's SERAP sues NNPCL over missing funds
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Co. Ltd (NNPCL) for the state-owned company’s failure to account for NGN500bn ($316.4mn).
$5bn Uganda–Tanzania crude oil pipeline (EACOP) project now 60% finished
The $5bn East African Crude Oil Pipeline (EACOP), a controversial flagship infrastructure project stretching 1,443 kilometres from Hoima, Uganda to Tanga port in Tanzania, is 60% completed.
Nigeria increases crude exports to US following technical issues at Dangote refinery
Nigeria has increased its crude exports to the US to 364,000 barrels per day from 358,000 bpd following a reduction of daily fuel production at 650,000 bpd Dangote refinery between April and May.
Iraqi-US relations sour following deal with Kurdistan Regional Government
Iraq’s position on the US oil sector investment has soured, with the country filing a lawsuit on May 26 that accused the US government of allowing companies under its control to agree to oil exploration and production deals directly with the KRG.
Jordan’s LPG firm signs $22mn deal with Egypt’s Petrojet to build gas storage facilities in Aqaba
World Bank urges Kenya to impose carbon tax on imported fuels
The World Bank has urged the Kenyan government to introduce a carbon tax on imported fuels, estimating it could raise up to KES40.5bn ($312.98mn) annually.
Iran boosts oil refining capacity by 7%, Abadan refinery leads growth
Iran has increased its domestic oil refining capacity by more than 7%, reaching 2.4mn barrels per day, a senior official at the National Iranian Oil Refining and Distribution Co. (NIORDC) said.
Israeli Nitzana gas pipeline to Egypt delayed until H1 2028 amid cost-sharing disputes
The launch of the Nitzana pipeline, expected to export 600mn cubic feet per day (cfd) of natural gas from Israel to Egypt, has been delayed to H1 2028.
BLOG: Is South Africa’s energy crisis here to stay?
South Africa, often hailed as the continent’s most advanced economy, presents a paradox that continues to baffle observers: how can a country with such industrial muscle be plunged so deep into an energy crisis?
Dangote Group signs MoU with Bayelsa government for gas, seaport and agriculture projects
The Dangote Group has signed a memorandum of understanding with the Bayelsa State government to invest in gas infrastructure, seaport development and agricultural initiatives.
Aramco taps debt markets amid oil price pressures
Saudi Aramco raised $5bn last week through its first dollar-denominated bond sale of the year
South African fuel imports continue to rise
South African state-owned logistics company Transnet SOC Ltd has revealed that 60% of the country’s fuel demand is now met by imports, with around 49% of domestic refining capacity lying dormant due to underinvestment and accidents.
South Africa faces crude oil supply crisis as Sasol’s refinery warns of possible closure
South Africa is facing a mounting crude oil supply crisis, with serious implications for its energy security. At the heart of the issue is the financial strain on the Natref refinery in Sasolburg.
Follow us online