DMEA - Downstream Middle East & Africa
Kuwait Petroleum International opens Europe's largest service stations in Luxembourg
Kuwait Petroleum International announced the start of operations at its two new service stations, Berchem East and West, located on the motorway in Luxembourg, on July 8. These stations are recognised as the largest and most prominent in Europe.
Saudi SABIC considers IPO for subsidiary Gas company
Saudi Basic Industries Corporation (SABIC) is studying strategic options for its National Industrial Gases Company (Gas) subsidiary, including a potential initial public offering.
Iran to boost capacity at Qeshm oil refinery to 130,000 bpd
Iran plans to ramp up production at its Qeshm heavy oil refinery to 130,000 barrels per day, a senior official at the facility said, as part of the country’s push to expand domestic refining capacity.
Nigeria: Sunbeth Energies set to distribute Dangote fuel
Sunbeth Energies Ltd. this week signed an agreement with 650,000 barrels per day (bpd) Dangote refinery to purchase and distribute its refined petroleum products, placing the company among a select group with direct access to the plant’s output.
UAE's ENOC appoints Hussain Sultan Lootah as CEO
Dubai-based global energy company Emirates National Oil Co. Group and revealed its new CEO this week – an experienced industry official with 30 years of leadership experience in the oil and gas industry, Hussain Sultan Lootah.
Sudan, South Sudan reach impasse over crude export fees
Sudan and South Sudan are yet to reach an agreement on revised oil export fees that South Sudan pays to Sudan to export crude oil from its ports, according to a report from Radio Tamazuj.
Iran ranks second in OPEC refinery capacity in 2024
Iran emerged as the second-largest oil refiner in OPEC, with a daily capacity of 2.237mn barrels, accounting for 16% of the group’s total refining capacity, according to the Organisation of the Petroleum Exporting Countries.
KRG delegation in Baghdad to finalise oil, salary deal
A high-level Kurdish delegation arrived in Baghdad this week for final negotiations aimed at resolving a bitter and economically damaging dispute with the federal government
Syria’s Baniyas refinery maintenance to boost production capacity by 25%
Baniyas Refinery in Syria continues to carry out extensive maintenance work on its production units as part of a plan aimed at enhancing operational efficiency and productivity.
BlackRock considering selling gas pipeline stake back to Saudi Aramco
Four years on from acquiring a minority stake in a 20-year lease in Aramco’s gas pipeline subsidiary, BlackRock is looking to divest, potentially to the Saudi oil giant
Global LNG liquefaction capacity to grow 37% by 2028: GIIGNL
Global LNG liquefaction capacity is expected to grow by 37% to over 672.1mn tonnes per year by 2028 as producers commission around 180mn tpy of new capacity.
Nigeria: Former NNPCL CFO speaks out against allegations of arrest
Umar Ajiya Isa, former chief finance officer (CFO) of the Nigerian National Petroleum Co. Ltd. (NNPCL) has denied reports that he was arrested by the Economic and Financial Crimes Commission (EFCC) for allegedly committing fraud worth $7.2bn.
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