DMEA - Downstream Middle East & Africa
Nigeria’s PETROAN fights back against Dangote distribution plans
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has pushed back against plans by the 650,000 barrels per day (bpd) Dangote refinery to start distributing its petroleum products to outlets across the country.
Algeria set to invest $7bn in petrochemical & refining projects
Algeria is set to invest $7bn into new petrochemical and refining projects to move away from exporting raw hydrocarbons – aiming to produce quality chemical products instead, according to Zawya.
Equatorial Guinea leads regional greener development effort for oil and gas sector
Gabonese President Brice Clotaire Oligui Nguema visited Equatorial Guinea’s Golden Swan industrial complex, a testament to the country’s effort to lead greener development of its oil and gas sector.
Iraq approves Chinese investment talks for energy and mining projects
Iraq's government has greenlit discussions with Chinese industrial giant Tsingshan Holding Group over potential investments spanning gas processing, sulphur production and iron ore mining operations.
Pakistan considers new oil routes from UAE, Saudi Arabia
Pakistan is considering importing its crude oil from Saudi Arabia and the UAE through pipelines if the Strait of Hormuz is shut down due to the ongoing war between Iran and Israel.
Tanzanian-owned Lake Gas challenges Kenyan safety concerns over LPG imports
Tanzanian-owned cooking gas distributor Lake Gas has defended its first bulk consignment of imported Liquefied Petroleum Gas after the Kenya Bureau of Standards blocked its release over safety concerns.
Oil prices retreat as Tehran signals de-escalation
Crude benchmarks have fallen as Iranian seeks a ceasefire with Israel
Egypt announces halt in Israeli gas supplies, fertiliser companies suspend operations
Egypt's Ministry of Petroleum announced a halt in natural gas supplies from Eastern suppliers, referring to Israel, which stopped its oil supplies from the Leviathan field as a precautionary measure against an expected Iranian attack.
Nigeria's Oando shares rise 40% after strong earnings and $375mn funding boost
Shares in Oando Plc, a Nigerian multinational energy company, surged by nearly 40% on the NGX after the release of strong 2024 financial results and the announcement of a major reserve-based loan facility.
Nigeria’s petrol import bill falls 54% in 1Q25 as Dangote refinery increases output
Nigeria’s petrol import bill fell to NGN1.76 trillion ($1.4bn) in the first quarter of 2025, representing a 54% year-on-year decline, as domestic refining increased following ramped-up output from the Dangote Petroleum Refinery.
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