DMEA - Downstream Middle East & Africa
Nigeria’s NNPCL, Akwa Ibom and GACN sign $3.5bn gas deal to boost South-South industrialisation
The Nigerian National Petroleum Company Ltd, the Akwa Ibom State Government and the Gas Aggregation Company of Nigeria have signed a $3.5bn memorandum of understanding to accelerate gas-based industrial development.
Iranian crude exports to China hit peak
Iranian crude exports to China have climbed to their highest level since March at more than 1.7mn barrels per day due to sellers increasing shipments to avoid the effects of the recent conflict between Israel and Iran.
Dangote plans deep seaport in Ogun State to expand exports and LNG infrastructure
Aliko Dangote, Africa’s richest man, has submitted a proposal to build Nigeria’s largest and deepest seaport at Olokola in Ogun state, signalling a renewed effort to expand industrial operations and strengthen maritime logistics in the country.
Nigeria: Dangote plans to expand facilities
Nigeria’s 650,000 barrel per day Dangote refinery is set to construct fuel storage tanks in Namibia capable of holding 1.6mn barrels of petrol and diesel for Southern African countries.
Nigerian army destroys illegal refineries, recovers fuel
The Nigerian Army’s 6 Division has carried out a series of operations focused on dismantling illegal refining infrastructure and confiscating stolen products between June 30 and July 13.
POSCO signs Aramco deal for Fadhili plant expansion
South Korea’s POSCO has secured a contract to supply steel to Saudi Aramco for the expansion of the Fadhili gas plant
SOCAR to supply Syria with gas
SOCAR has signed a memorandum of understanding to supply natural gas to Syria
Nigeria’s NNPCL may sell three major refineries after failed $18bn rehabilitation efforts
The NNPCL is considering the sale of its three major oil refineries: Port Harcourt, Warri and Kaduna, following repeated unsuccessful attempts to rehabilitate the ageing facilities despite investments totalling $18bn.
Gabon’s new oil and gas minister launches deepwater exploration drive
Sosthène Nguema Nguema, Gabon’s recently appointed Minister of Oil and Gas, has launched a strong drive to attract investment in deepwater oil and gas exploration.
Libyan oil revenues reach $9.43bn
Libya’s central bank revealed this week that the country’s oil revenues had reached $9.43bn in the first half of 2025, making the oil industry an important contributor to the Libyan economy – according to Reuters.
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