DMEA - Downstream Middle East & Africa
Hindustan Petroleum buys 2mn barrels of Nigerian crude for Rajasthan refinery
India’s Hindustan Petroleum Corporation Limited has bought 2mn barrels of Nigerian Utapate and Okwuibome crude for delivery in late September.
Mozambique’s government probes renewed fuel shortages after weeks of stable supplies
Mozambique is investigating the causes of fuel shortages that have resurfaced in several parts of the country, after weeks of relatively stable supplies following a disruption earlier this year.
Dangote refinery targets $5bn IPO by October in potential African record
Dangote Petroleum Refinery & Petrochemicals is seeking to raise up to $5bn through an initial public offering (IPO) expected to conclude by October, in a deal that could become Africa’s largest stock market listing
Uganda gains veto rights over Kenya Pipeline CEO as strategic stake reshapes governance
Uganda has secured veto powers over the appointment and removal of the chief executive of Kenya Pipeline Company (NSE:KPC) after acquiring a strategic minority stake that also gives it two seats on the company's board
Ghana rolls out one of West Africa's toughest methane rules for oil and gas
Ghana has published a sweeping new set of technical rules to monitor and curb methane leaks from its oil and gas industry, in what regulators and climate groups are calling one of the most comprehensive frameworks of its kind in West Africa.
Ghana explores cedi-for-crude plan to ease foreign exchange pressure
Ghana is considering allowing domestic refineries to pay for locally produced crude oil in cedis rather than US dollars as part of efforts to reduce pressure on the foreign-exchange market.
Tanzania’s Taifa Gas nears completion of $124mn Mombasa LPG terminal
Taifa Gas is conducting final safety tests at its liquefied petroleum gas (LPG) import and storage terminal in Mombasa ahead of planned commissioning within three months.
ADNOC overhauls crude pricing formula
Abu Dhabi National Oil Co. (ADNOC) will abandon its futures-based pricing formula for Abu Dhabi crude grades from November 1
Mauritius’ Beta Oil to replace Engen brand across 37-station network
Beta Oil Terminal Ltd will unveil a new brand identity later this month, permanently replacing the Engen name across Mauritius as the company completes the final stage of its acquisition of Engen Petroleum (Mauritius), Defi Media wrote on August 3.
Malawi cuts diesel, kerosene prices as global fuel costs ease
Malawi has reduced diesel and kerosene pump prices following a decline in international fuel prices, despite continued volatility in global energy markets linked to the Middle East conflict, the Malawi Energy Regulatory Authority (MERA) said.
Iraq expands LPG storage capacity with Najaf facility
Iraq's Ministry of Oil has begun trial operations at the Najaf liquefied petroleum gas (LPG) storage facility, a project designed to strengthen strategic fuel reserves and improve the country's gas storage and distribution network
Ghana targets doubling capacity at Tema Oil Refinery to 100,000 bpd
President John Dramani Mahama has ordered his energy minister to draw up plans to more than double the capacity of the state-owned Tema Oil Refinery (TOR).
Baghdad and Ankara sign one-year Ceyhan export deal
Iraq’s oil ministry has signed a one-year agreement with Turkey covering the transport and loading of Iraqi crude through the Iraq-Turkey pipeline to the Mediterranean port of Ceyhan
Oman opens EPC race for Ras Markaz expansion
Oman has invited contractors to prequalify for the next construction phase of the Ras Markaz Crude Oil Park
Iran says talks with Oman on new Strait of Hormuz shipping route nearing conclusion
Iran says talks with Oman on a new Strait of Hormuz shipping route are nearing conclusion, but stresses any deal would not by itself reopen the waterway.
Iran locally makes over 2,000 petchem parts to cut import dependence
A quasi-governmental scientific research organisation said it had localised the production of more than 2,000 parts needed by Iran’s petrochemical industry.
Oppenheimer Partners exits Ghana-focused Genser Energy after five-year investment
Genser Energy Investments has redeemed the entire shareholding held by OP Energy Holdings, completing Oppenheimer Partners' exit from the West African energy firm after a five-year investment.
Estimated cost of imported petrol rises in Nigeria rises above Dangote price
The estimated landed cost of imported petrol in Nigeria has risen above the Dangote Petroleum Refinery’s gantry price, industry data show.
India’s BHEL wins $209mn-$262mn gas turbine order for Nigeria’s Dangote refinery
Indian state-owned power equipment manufacturer Bharat Heavy Electricals Ltd (NSE:BHEL; BSE:500103) has secured an order to supply eight gas turbine generator packages for Nigeria’s Dangote refinery and polypropylene complex.
Saudi Aramco temporarily halts production at Jazan refinery
As the war in the Middle East continues to escalate, a new front has opened between Saudi Arabia and Yemen’s Iran-backed Houthi militia, putting one of the Kingdom’s vital energy assets in the crosshairs.
Morocco seeks US, World Bank backing for $26bn African gas pipeline
Morocco is seeking US Exim Bank and World Bank support for the proposed $26bn African Atlantic Gas Pipeline linking Nigeria and West African markets with Morocco and Europe.
Kenya Pipeline Company appoints two Ugandan officials to board
Uganda’s Treasury permanent secretary Ramathan Ggoobi and Energy Ministry permanent secretary Irene Pauline Bateebe joined the board as non-executive directors with effect from July 28.
Nigeria plans 24 new refineries, targets 2.6mn bpd by 2030
Nigeria’s planned refining capacity could rise to 2.64mn barrels per day by 2030 if 24 proposed new refineries backed by $10.74bn in investment are completed.
Nigeria loses 62,400 GWh of potential power to gas flaring in 2024-25
Nigeria lost an estimated 62,400 GWh of potential electricity generation to gas flaring in 2024 and 2025, an increase of 18.6% from 50,800 GWh in the preceding two-year period, despite Federal Government penalties and measures to curb the practice
Follow us online