DMEA - Downstream Middle East & Africa
Red Sea tensions continue to escalate
The crew of a liquefied petroleum gas (LPG) tanker that had been attacked by an Israeli drone and seized by Yemen’s Houthi rebels in September have now been freed, according to an X post made by Pakistan’s interior minister Mohsin Naqvi.
Nigeria’s PENGASSAN calls for reinstatement of 800 Dangote refinery employees
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Trade Union Congress (TUC) have criticised Dangote refinery’s management for its treatment of workers.
British BP describes Iraq’s Kirkuk oilfields as its ‘fields of dreams’
British BP has described Iraq’s Kirkuk oilfield as one of its global “fields of dreams”, highlighting the site’s vast reserves and long-term strategic importance alongside three other major oil and gas developments worldwide
Fitch downgrades SOCAR-owned Turkish petrochemical producer Petkim to 'CCC' on “very weak” profitability
Fitch Ratings late on September 29 downgraded Turkish petrochemical producer Petkim Petrokimya Holdings’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC' from 'CCC+', citing continuing weakness in the European chemical market.
OPEC+ set to approve output hike
OPEC+ is set to raise oil output in November and aims to reclaim its global market share, according to Bloomberg.
Nigeria's Dangote refinery restarts naira petrol sales
Nigeria’s Dangote refinery has restarted petrol sales in naira after a short dry spell that occurred due to feedstock issues, according to a Reuters report released September 28.
Kurdish exports restart under revamped federal oversight
Crude exports from Iraqi Kurdistan resumed over the weekend, bringing to an end a two-and-a-half-year hiatus, and potentially marking a pivotal change in the region’s fortunes
Iran’s oil product exports slump 17% in five months
Iran’s exports of oil products fell by about 17% in the first five months of the Persian calendar year that began on March 21, hit by a string of setbacks including a deadly port explosion, an industry leader said.
Nigeria’s NNPCL reports $360mn profit in August
The Nigerian National Petroleum Company Ltd (NNPCL) paid NGN8.86 trillion ($5.94bn) into the Federation Account between January and July and reported NGN539bn ($360mn) profit after tax in August
Nigerian court strikes out AGIP contractors’ challenge to NNPCL pipeline surveillance award
A Federal High Court in Abuja has struck out a claim filed by the Incorporated Trustees of the AGIP Indigenous Contractors Association and 43 others contesting the NNPCL pipeline surveillance contract
Trump lavishes praise on Erdogan in White House meeting and suggests Turkey stop buying Russian oil and gas
Some big military and civilian aircraft deals may be in the making, but the deal-making remains behind closed doors.
Nigeria’s Dangote refinery continues to clash with unions
The public altercation between Dangote refinery and the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has continued to escalate, despite a deal to allow workers at the company to unionise having seemingly been reached.
Iraq launches five strategic oil projects in Basra, Kirkuk
Iraq launches five major oil and gas projects in Basra and Kirkuk provinces, targeting 210,000 bpd crude production and 1,000MW solar capacity as the country aims to become a gas exporter.
African Energy Chamber to release State of African Energy 2026 Outlook at AEW 2025 in Cape Town
The African Energy Chamber (AEC) has announced the launch of its latest report, written in collaboration with S&P Global Commodity Insights, at the African Energy Week: Invest in African Energies conference in Cape Town.
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