DMEA - Downstream Middle East & Africa

Angola sees increasing civil unrest following removal of fuel subsidy

European credit insurance group Credendo has released a statement highlighting increasing unrest in Angola after the government moved to reform its fuel subsidy policy on July 4.

South Africa imports bulk of its oil from Nigeria

South Africa is now importing more than 70% of its oil from Nigeria, and is also becoming an increasingly important distribution hub for the wider region, a diplomat from the continent's most industrialised country says.

Nigeria’s crude pipeline and terminal receipts near 100% amid tightened security against oil theft

Nigeria’s state oil company chief says crude oil receipts at pipelines and export terminals are now “close to 100%,” a significant recovery from previous levels as low as 30% during a period of widespread theft in the Niger Delta.

Nigerian presidential hopeful says he will return fuel subsidy if elected

Previous presidential candidate of the African Democratic Congress (ADC) in Nigeria’s 2023 election Dumebi Kachikwu has said that if he is elected as president in 2027 he would reinstate Nigeria’s fuel subsidy.

South Africa's Sasol reports 75% surge in free cash flow to $714mn in year to June 2025

PENGASSAN head says corruption is main cause of Nigeria's refining failures

Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) president Festus Osifo said August 22 that the mains cause for the continuous failures of Nigeria’s state-owned refineries was mismanagement and corruption.

Nigeria’s Dangote Industries, Mitsui Chemicals sign MoU

Mitsui Chemicals has signed a memorandum of understanding (MoU) with Dangote Industries and consulting firm AAIC Holdings Pte. Ltd. to move towards comprehensive collaboration with the Nigerian company, Indian Chemical News reported.

Kuwait’s KOTC reports annual profit

KOTC has reported a net profit of $54mn for the 2024/2025 fiscal year

Turkey’s Sasa to establish company for $25bn refinery, petrochemicals investment

Turkey’s Sasa Polyester Sanayi A.S. has announced a decision to establish a wholly owned subsidiary, Sasa Rafineri A.S., with an initial capital of TRY 100mn ($2.4mn), to lead its strategic $25bn investment in a refinery and petrochemical complex.

OGT2025 conference and exhibition in Ashgabat gains momentum

Preparations are gathering momentum for the landmark 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025”, scheduled to take place from 22 to 24 October in Ashgabat.

Nigeria's NNPCL sets new November target date for AKK gas pipeline completion after delays

The NNPCL has set November 2025 for the mechanical completion of the Ajaokuta–Kaduna–Kano (AKK) gas pipeline, stating that the project is 86% finished and that additional subcontractors have been engaged to accelerate mainline works.

Iran’s petrol demand jumps 7% in five months

Daily petrol consumption in Iran climbed about 7% over the past five months, the head of the state-run National Iranian Oil Products Distribution Co. (NIOPDC) said, after record demand in June was driven by panic buying during Israeli air strikes.

Estonia outlaws isobutane imports from Russia and Belarus to close LPG sanctions loophole

Jordan launches first CNG refuelling station powered by Risha field

Jordan inaugurated its first independent compressed natural gas (CNG) refuelling station for buses, trucks and other vehicles, in what officials described as a major step to expand natural gas use domestically and reduce energy costs.

Iraq to end fuel imports within months as petrol purchases decline

Iraq’s Oil Ministry announced a plan to end fuel imports by late 2025 or early 2026, after significant progress in refining capacity reduced reliance on foreign supplies, as reported by Iraqi News Agency INA on August 20.

Iran to save $1bn as diesel imports fall to zero, deputy oil minister says

Iran has stopped importing diesel for several months, a shift that could save the country about $1 billion annually, the head of the National Iranian Oil Refining and Distribution Co. (NIORDC) said.