DMEA - Downstream Middle East & Africa
Turkey move to cushion fuel consumers means major tax revenue loss, says report
Tax measures introduced in Turkey to cushion consumers from higher fuel prices in the shadow of the war waged by the United States and Israel on Iran have resulted in a substantial loss of public purse revenue.
Nigeria’s NNPCL denounces illegal use of company logo
The Nigerian National Petroleum Co. Ltd. (NNPCL) has promised to pursue legal action against individuals using its corporate identity without permission following the discovery of a truck filled with cannabis.
Iraq’s Samawah refinery begins trial pumping to new oil depot
Technical and engineering teams at Iraq’s Samawah Refinery began trial pumping of petroleum products to the new Samawah depot in Muthanna province on September 9, using a temporary pumping station.
Malawi pushes ahead with repeatedly delayed fuel-storage expansion despite forex shortages
Malawi is pressing ahead with a repeatedly delayed plan to double strategic fuel storage capacity to 120mn litres despite persistent foreign-exchange shortages that have sometimes left the country with less than a week’s actual fuel cover.
Turkey, Russia sign memorandum on mineral fertiliser shipments
Turkey and Russia have signed a memorandum of understanding (MoU) on mineral fertiliser shipments, with Ankara looking to strengthen access to fertilisers and related raw materials.
Angola's Cabinda refinery exports 86% of early sales as throughput ramps up
Angola’s $473mn Cabinda refinery exported 86% of its disclosed sales volume during its first months of operation, mainly as naphtha and heavy fuel oil, while August data indicate throughput was ramping up from relatively low initial utilisation.
Nigeria’s Dangote targets 1.4mn bpd by 2029 as $14.3bn expansion, IPO advance
Nigeria’s Dangote Petroleum Refinery plans to invest $14.3bn to double processing capacity to 1.4mn bpd by 2029 as it moves ahead with an IPO expected to be Africa’s largest ever.
Rubis Africa revenue jumps 39% as EBITDA rises 33%
Energy distributor Rubis (EPA: RUI) reported a 39% year-on-year rise in revenue from its African fuel, LPG and bitumen retail and marketing operations to €1.69bn in H1 2026, while regional EBITDA increased 33% to €122mn.
Syria to raise Baniyas refinery capacity to 130,000 bpd after overhaul
Syria is carrying out a major overhaul and rehabilitation of the Baniyas refinery in Tartous province, targeting an increase in refining capacity from about 80,000 barrels per day (bpd) to 130,000 bpd.
Nigeria refiners seek presidential roundtable on crude pricing, fuel imports
Nigeria's refinery owners' trade group has called for presidential-level talks on crude pricing, local-currency purchases, fuel imports, financing and infrastructure, arguing that commercial constraints continue to hinder domestic refining.
Aramco’s Jazan refinery struck again as Yemen conflict reignites
The Financial Times reported on September 7 that Saudi Aramco’s oil facilities in Jazan have been attacked
Uganda appoints Vitol to market 'Pearl Sweet' crude ahead of 2027 exports
Uganda, close to commercial oil exports, appoints global commodities trader Vitol to market the government and Uganda National Oil Company’s allocation of newly branded 'Pearl Sweet' crude.
UAE's Adnoc reportedly in talks for stakes in Thai and Nigerian refineries
Adnoc, Abu Dhabi’s state-owned oil company, is in talks to invest in refining businesses in Thailand and Nigeria as it seeks to secure outlets for crude and expand its international fuel-trading operations, Bloomberg reported.
Dangote sets September 30 groundbreaking for $16bn 700,000-bpd Kenya refinery
Nigeria’s Dangote Group will hold a groundbreaking ceremony for its planned oil refinery in Lamu, Kenya, on September 30, chairman Aliko Dangote said
Fuel prices in Turkey break fresh records over unending Iran War
Sharp hikes reflect combination of global oil market turbulence and persistent domestic currency pressures.
Nigeria clears $1.6bn Dangote Refinery IPO, testing investor appetite at $47bn valuation
The refinery IPO is a major test of whether Nigeria’s domestic capital market can absorb a record-sized listing as investors weigh Dangote’s expansion plans against crude-supply and margin risks.
Booming jet fuel prices not yet reflected in airline ticket prices, says chairman of Turkey’s Pegasus
Iran War and soaring refining margins taking heavy toll on regional aviation.
Nigeria modular refineries supply just 2.5% of July diesel receipts
Nigeria’s modular refineries supplied about 18.35mn litres of diesel to the domestic market in July 2026, equivalent to roughly 2.5% of the country’s total diesel receipts for the month
Mozambique power utility faces $76mn losses from extreme weather
Mozambique’s state-owned electricity utility EDM estimates that extreme weather has caused about $76mn in losses since 2022 and says it needs about $103mn through 2028 to strengthen the grid against climate-related disasters.
Ghana’s TOR pursues deeper GOIL ties as refinery recovery gathers pace
Ghana’s state-owned Tema Oil Refinery (TOR) is seeking deeper commercial ties with fuel retailer GOIL PLC as the refiner ramps up production after years of intermittent operations.
US launches new attack on Iran
The US has moved to strike Iranian targets after a brief lull in fighting, with President Donald Trump calling the attacks a “love tap,” and noting that the US had hit Iran “very hard”.
European pump prices hit records as Iran war escalation drives oil higher
Petrol prices hit records in Germany and the Netherlands and European gas futures reached a three-year high, as the Iran-US war escalation drove oil higher, landing the Gulf conflict directly on European household budgets.
Nigerians stage protests over continuous oil spill in Niger Delta
Hundreds of women from Warri’s Odidi Community in Nigeria have staged a protest at the head office of Heritage Energy Operational Services Ltd. due to a crude oil spill that has been polluting local rivers and fishing grounds for six months.
Nigerian opposition promises to return fuel subsidy if elected
The topic of Nigeria’s former fuel subsidy has re-emerged as a key talking point in the country’s upcoming elections, with the opposition party.
Ghana’s Mahama dissolves boards of nine state institutions, including oil and mining entities
Affected institutions include the Ghana National Petroleum Corporation (GNPC), aluminium producer VALCO, fuel-storage and logistics company Bulk Oil Storage and Transportation Company (BOST), and Consolidated Bank Ghana
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