DMEA - Downstream Middle East & Africa
Nigeria’s NNPCL increases petrol prices
The Nigerian National Petroleum Co. Ltd. (NNPCL) has increased the pump prices of petrol to N915 ($0.59) per litre in Abuja and Lagos as global crude prices rose in part due to events in the Middle East.
EFCC arrests ex-NNPCL official and previous Warri managing director
Nigeria’s Economic and Financial Crimes Commission has arrested a former CFO of the Nigerian National Petroleum Co. Ltd (NNPCL), as well as a former managing director of the 125,000 barrel per day Warri refinery on June 23.
Nigeria: Dangote’s new distribution plan will help prevent losses, says IPMAN
Nigerian oil marketers said this week that petroleum product exports from the country’s 650,000 barrel per day Dangote refinery would help prevent losses due to price crashes.
Nigeria and Equatorial Guinea sign Gulf of Guinea gas pipeline agreement
Nigeria and Equatorial Guinea have signed a joint communiqué to formalise cooperation on the Gulf of Guinea Gas Pipeline (GOGGP), advancing the regional energy infrastructure project intended to transport natural gas across West Africa.
Pipelines dilute impact of potential Hormuz closure
Fears of a full-blown conflict in the Middle East, reignited by recent military strikes, have once again thrust the vulnerability of the Strait of Hormuz into the spotlight.
Nigeria: Ex-NNPCL officials arrested over alleged $7.2bn refineries repair fraud
Nigeria’s Economic and Financial Crimes Commission (EFCC) has arrested a former CFO of the national petroleum company (NNPCL) over his alleged involvement in a $7.2bn fraud connected to the rehabilitation of three oil refineries.
OQGN awards pipeline EPC deal to Petrojet
OQ Gas Networks (OQGN) has awarded a contract to Egyptian contractor Petrojet
Iranian parliament decides to ‘close’ Strait of Hormuz following US strike
Tehran appears set to take steps to close the vital shipping lane, but it remains to be seen whether it can do it, and what impact this will have.
Group renews calls for Jordan to cancel Israeli gas deal
Calls are mounting in Amman for the cancellation of Jordan’s gas agreement with Israel, following a suspension of supplies from the offshore Leviathan field
ISRAEL-IRAN WAR: Israel strikes Iranian nuclear facility and military bases in Ahvaz and Mahshahr
Israeli forces struck multiple Iranian targets on June 21, including military infrastructure in the southwestern cities of Ahvaz and Mahshahr.
Nigeria’s Dangote refinery to export first gasoline cargo to Asia
Nigeria’s Dangote refinery is set to export 90,000 tonnes of gasoline to Asia, marking its first such shipment outside of West Africa.
Iran and Israel trade blows on energy infrastructure
The conflict between Israel and Iran expanded to include energy infrastructure this week, with both countries launching missiles at fuel storage depots, refineries and gas facilities in a bid to harm the opposite side’s ability to wage war.
Follow us online