DMEA - Downstream Middle East & Africa
Nigeria’s Dangote Refinery raises fuel prices & debunks shutdown claims
Nigeria’s 650,000 barrel per day (bpd) Dangote refinery has re-started the sale of petrol with a revised ex-depot price of 850 naira ($0.55) following a week-long suspension, according to Investors King.
Iran to resume diesel sales on energy bourse to fight smuggling, supply industries
Iran will soon restart diesel sales on the physical market of its energy bourse after a months-long pause, in what officials describe as a major step towards boosting transparency in fuel trade, curbing fuel smuggling, and meeting industrial demand.
South Africa extends aviation fuel import licence to alleviate airport shortages
The South African Revenue Service (SARS) has extended licences for importing and storing jet fuel to allow airports time to recover from ongoing supply issues, according to a Reuters report.
Iran’s petchem industry needs $24bn to meet development targets, official says
Iran’s petrochemical sector needs $24bn in investment to hit capacity expansion targets under the country’s Seventh Development Plan (SDP) by March 2029, a senior Oil Ministry official said.
Iraq's Prime Minister inaugurates power plant expansion adding 300 MW
Iraq's PM inaugurates Basmaiya power plant expansion adding 300MW, bringing total capacity to 5,000MW, as part of broader energy infrastructure development targeting 60,000MW additional capacity.
Syria returns to prominence with Azeri gas, Iraqi oil talks
Following years in the energy market wilderness, Syria is leveraging momentum built by its new regime to shore up energy supplies
Nigeria’s Dangote appoints David Bird as CEO of refining, petrochemicals
650,000 barrel per day (bpd) Dangote refinery has appointed David Bird, former Shell executive and ex-CEO of 0Q8 refinery in Oman, as CEO of its refinery and petrochemical division, according to Reuters.
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