DMEA - Downstream Middle East & Africa
Trafigura eyes 36.36% stake in South Africa's Natref oil refinery
Trafigura is among bidders for a 36.36% stake in Sasol’s Natref refinery in South Africa, as demand growth and limited refining capacity boost interest in strategic fuel assets following Prax Group’s administration.
Frankfurt-listed Fuchs acquires local partner Opet’s 50% stake in Turkish lubricants unit
The Fuchs Group (Frankfurt/FPE) has completed the acquisition of a 50% additional stake in the Opet Fuchs JV from local partner Opet, Fuchs said on April 30.
Diesel price surge drives Africa telecoms shift to solar towers
Rising diesel prices linked to the Iran war are pushing African telecom operators to accelerate a shift toward solar-powered towers, cutting fuel costs, improving network reliability and reducing dependence on volatile energy supply chains.
Nigeria’s NNPCL signs MoU with Chinese companies to revive refineries with equity partnership model
Nigeria’s state oil company entered wants Chinese firms to accelerate the overhaul and restart of the state-owned 210,000-bpd Port Harcourt and 125,000-bpd Warri refineries amid soaring oil prices.
TotalEnergies Marketing Ghana profit drops 26% y/y in Q1 amid weak sales
TotalEnergies Marketing Ghana PLC (GSE:TOTALGH) posted a 26% year on year (y/y) decline in profit after tax for the first quarter ended March 31, 2026, as revenues fell sharply amid weaker sales.
FCC protesters continue disruptions at Basra’s South Refineries Company in Iraq
Dozens of former workers from the FCC oil project staged a protest on May 4 for the second consecutive day outside the gates of the South Refineries Company in Basra, blocking access to employees as they demanded formal employment within the Ministry
Dangote jet fuel pricing seen stabilising Nigeria aviation market
Nigeria’s aviation fuel market may see improved stability after the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) backed a newly released indicative gantry price from Dangote Petroleum Refinery
NNPCL increases crude prices as Strait of Hormuz remains closed
The Nigerian National Petroleum Co. Ltd. (NNPCL) has increased the official selling price of all of Nigeria’s 37 crude grades for May cargoes, according to Oilprice, due to ongoing tensions in the Middle East.
Go Energy, SARCO sign JV for green ammonia project in Saudi Arabia
US-based Go Energy and Saudi Arabian Refineries Co. (SARCO) have signed a joint venture agreement (JV) to develop a large-scale green ammonia project in Jazan, Saudi Arabia.
Saudi Aramco struggles to repair Juaymah LPG facility due to regional tensions
Saudi Aramco has announced that it will extend its block on exports of liquefied petroleum gas (LPG) from its Juaymah LPG facility due to unresolved damage sustained in late February.
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