DMEA - Downstream Middle East & Africa
Libya targets restart of Ras Lanuf oil refinery within a year
Libya aims to restart the Ras Lanuf Refinery within 6 to 12 months, as the country seeks to strengthen domestic fuel supplies and revive key energy infrastructure
Nigeria and Morocco expect to sign agreement on $25bn Atlantic gas pipeline project in Q4
The governments expect to sign off on the proposed $25bn Nigeria-Morocco Gas Pipeline, a 6,900-km project designed to transport Nigerian gas across West and North Africa and potentially Europe.
Ghana pilots 24-hour petroleum operations to drive economic expansion
Ghana will begin rolling out round-the-clock operations across parts of its downstream petroleum sector under the government’s flagship 24-hour economy initiative, targeting hundreds of fuel stations and key fuel facilities, the NPA says.
Ghana may extend fuel subsidies as oil prices surge, Fitch Ratings warns
Ghana could extend temporary fuel relief measures introduced to shield consumers from rising petroleum prices if the fiscal burden remains manageable, Fitch Ratings said, as global oil prices climb again amid renewed geopolitical tensions.
Nigerian billionaire Dangote favours Kenya over Tanzania for 650,000-bpd East Africa oil refinery
Africa's richest man says Kenya is emerging as the preferred location for a proposed $15bn–$17bn refinery, citing Mombasa’s deep port and large fuel market.
Nigeria exported 82% of 2025 oil output despite Dangote refinery supply shortages
The figures underscore Nigeria’s continued dependence on international crude markets even as Dangote Petroleum Refinery struggles to secure sufficient local crude supplies under the naira-for-crude programme.
Iran eases petchem export ban after wartime curbs rattled domestic market
Iran has authorised limited exports of petrochemical products about a month after imposing a sweeping ban aimed at preventing domestic shortages following US-Israeli strikes on key infrastructure in the south.
Nigeria's Dangote holds talks with Norway's sovereign wealth fund on joint African investments
Aliko Dangote has held discussions with executives from Norway’s sovereign wealth fund, Yara International and Scatec, on investment opportunities across Africa spanning energy, renewables, fertiliser, agriculture and industrial infrastruce
Angola's Cabinda Oil Refinery begins selling fuel as nation seeks to limit import dependency
Angola’s Cabinda Oil Refinery has started selling fuels to the local and foreign markets, helping to ease supply bottlenecks precipitated by the Iran War.
Impact of US Hormuz blockade undermined by Iran’s land borders with seven neighbours, Caspian Sea ports
Trump administration officials with ideas that the US naval blockade could bring Iran to its knees have to remember they are dealing with a country of 90mn that has 6,000 kilometres of land borders with seven neighbours as well as Caspian Sea ports.
Togo studies gas network linking Ivory Coast and Benin
Togo is preparing feasibility studies for a World Bank-backed regional gas project that could link LNG imports at Lomé with new power, industrial and cross-border supply infrastructure.
Cameroon secures $206mn for Kribi refinery as fuel import reduction drive accelerates
Cameroon has secured $206mn in bank financing for the CSTAR refinery project in Kribi, advancing plans to reduce dependence on imported fuel products while rebuilding domestic refining capacity after the prolonged shutdown of the SONARA refinery.
Mozambique increases diesel price by 45.5% to $1.80/litre on Iran War oil price trigger
Mozambique’s government has increased the price of diesel by 45.5% and that of petrol by 12.1% in response to the increase in oil prices on the global market as the Middle East crisis drags on.
Turkey intends to reach Moon in 2027 using own hybrid rocket engine
Turkey intends to reach the Moon in 2027 using a domestically developed hybrid rocket engine to power an unmanned mission, according to industry and technology minister Mehmet Fatih Kacir.
TA’ZIZ signs numerous petchem agreements worth $28.5bn
TA’ZIZ has signed multiple long-term agreements across its chemicals portfolio worth $28.5bn involving feedstock, sales, and offtake support for large-scale production in the UAE, according to Oil & Gas Middle East.
Saudi petrochemical profits drop as Hormuz blockade continues
Saudi petrochemical companies have been putting a stop to investment plans and long-term strategy as tensions with Iran continue, despite remaining profitable in the first quarter of 2026, thanks to increased product pricing.
Middle East tensions expose South Africa’s fuel security vulnerabilities
Eskom, South Africa’s state-owned public utility company, can burn through 20-30% of the country’s total refined diesel supply, which distorts the national fuel market by tightening supply for everyone else.
Turkey’s top refiner Tupras swings to 1Q bottom line of TRY 3.7bn
Largest Turkish refiner Tupras (IST: TUPRS) on May 6 reported a 1Q net profit of Turkish lira (TRY) 3.7bn ($81.8mn) versus the bottom line of TRY 127mn that it reported 12 months ago.
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