DMEA - Downstream Middle East & Africa
Australian explorer Elevate Uranium raises stake in Namibia's Marenica project to 90%
Elevate Uranium (ASX: EL8, OTCQX: ELVUF) (Elevate) has agreed to increase its stake in the Marenica Uranium Project in Namibia to 90% through two acquisition agreements, the company said in a statement on July 13.
Mozambican fuel group Petromoc triples 2025 profit despite lower sales
Mozambique's state-owned fuel company, Petromoc, almost tripled its net profit in 2025 despite a decline in fuel sales, supported by higher operating gains and reversals, according to financial statements published on July 14 and reported by Lusa.
Dangote refinery switches Nigerian gantry and coastal fuel sales to dollars
Nigeria’s Dangote refinery has switched domestic gantry and coastal fuel sales from naira to dollars, dealing a setback to the government’s crude-for-naira programme and potentially increasing foreign-exchange demand.
Iraq presses ahead with Basra-Haditha oil pipeline despite manufacturing delays
Iraq's Basra-Haditha crude oil pipeline project is progressing through its implementation phase, with authorities continuing preparations to manufacture the pipeline despite supply chain disruptions that have delayed production inside the country.
Nasan Energies acquires Shell- and Engen-branded service stations from Vivo Energy Namibia
Namibian-owned Nasan said the acquisition made it the country’s third-largest oil marketing company.
Kenya’s Ruto says Dangote-backed Lamu refinery could create 60,000 jobs
Kenyan President William Ruto says the proposed Dangote-backed Lamu oil refinery will create at least 60,000 jobs and process 700,000 barrels of crude per day.
Persian Gulf Star boosts petrol supply after wartime damage
The Persian Gulf Star Oil Co. (PGSOC), Iran’s largest fuel producer, has raised its contribution to the country’s petrol supply to about 45% since the outbreak of the joint US-Israeli war on the country, its main shareholder said.
Mauritius’ fuel fund deficit widens to $69mn on Middle East crisis
Mauritius' State Trading Corporation (STC) has accumulated a Rs3.28bn ($69mn) deficit in its Price Stabilisation Account as the conflict in the Middle East continues to drive fuel market volatility, Defi Media reported on July 11.
South Africa proposes 60-day strategic oil reserve as supply risks mount
South Africa has proposed rebuilding its strategic petroleum reserves to cover 60 days, with additional mandatory stockholding requirements for private fuel suppliers.
Africa secures $900mn in new clean-cooking finance commitments
African countries have secured $900mn in new clean-cooking finance commitments, lifting total pledges announced since 2024 to more than $3.1bn, according to the International Energy Agency.
Iran petchem research firm seeks deeper ties with domestic catalyst makers
Iran’s state-owned Petrochemical Research and Technology Co. (PRTC) plans to further work with domestic firms to develop catalyst production, the company’s chief executive said.
Iran's Persian Gulf Strait Authority declares Hormuz transit 'impossible'
Iran's newly created Persian Gulf Strait Authority has declared transit through the Strait of Hormuz impossible, citing US military activity and formalising the closure of the world's most important oil chokepoint.
Kenya’s Ruto puts Kindiki in charge of government coordination for $17bn Dangote refinery
Kenya’s President William Ruto has appointed Deputy President Kithure Kindiki to oversee government coordination of the proposed $17bn East African oil refinery, as the project moves towards implementation
Nigeria’s Dangote reveals funding plan for Kenyan refinery project
Dangote Group CEO and Africa’s richest man Aliko Dangote has offered new details on how he plans to finance his proposed refinery in Kenya – currently one of Africa’s most ambitious energy projects.
Trump announces ceasefire with Iran is 'over'
US President Donald Trump has called the ceasefire with Iran “over,” naming Iranian leadership as “cuckoo” and “scum” following exchanges of fire on July 8.
Nigeria moves ahead with plan to have Chinese firms to revive Port Harcourt, Warri refineries
Nigeria is pursuing its strategy of refinery revival by pressing ahead with a performance-based partnership with two Chinese firms, moving away from previous rehabilitation contracts that have yielded little results.
Angola LNG begins 32-day shutdown at Soyo plant, output set to fall 80%
Angola LNG has begun a planned 32-day maintenance shutdown at its Soyo plant, suspending LNG and related gas liquids production and reducing monthly output and loading by about 80%.
Nigeria's Dangote pledges $2bn for Gambia solar plant and fuel storage project
Nigerian entrepreneur Aliko Dangote has pledged a $2bn strategic investment partnership with The Gambia covering a proposed 250 MW solar power plant and petroleum products storage terminal.
Kenya-based clean cooking startup Koko Networks assets put up for sale
Koko used bioethanol/ethanol cooking fuel distributed through smart canisters and automated fuel stations.
Dangote confirms planned Kenya refinery could cost up to $17bn
A planned oil refinery on Kenya's coast backed by Africa's richest businessman, Aliko Dangote, could cost as much as $17bn, making it one of the largest energy investments ever proposed in East Africa
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