DMEA - Downstream Middle East & Africa

Dangote seeks wider African trading access for shares in $1.6bn Nigerian refinery IPO

Nigeria’s Dangote Group has held talks with African stock exchanges since April to broaden access to shares in its $1.6bn refinery initial public offering (IPO), Reuters reported on November 4.

PetroChina explores 1,550-km oil export corridor linking South Sudan to Djibouti

PetroChina is exploring a proposed 1,550-km oil export corridor linking South Sudan to Djibouti through Ethiopia, alongside plans for a 300,000-cubic-metre petroleum storage terminal and a possible refinery at Djibouti's Damerjog Industrial Park.

South Africa’s fuel levy cuts lower diesel prices but leave petrol almost unchanged

South Africa’s temporary fuel levy reductions took effect on November 4, cutting the general levy by $0.18 per litre on diesel and $0.09 on petrol

Nigeria’s Conoil more than triples nine-month profit to about $4mn as third-quarter earnings fall 75%

Nigerian downstream petroleum marketer Conoil (NGX: CONOIL) reported a 262% rise in profit after tax to NGN5.31bn (about $4mn) for the nine months to September 30

Nigeria’s Dangote refinery crude receipts hit record 735,000 bpd in October

Crude receipts at Nigeria’s Dangote Petroleum Refinery in the Lekki Free Zone near Lagos averaged a record 735,000 barrels per day (bpd) in October, up 10.5% from 665,000 bpd in September, according to Argus vessel-tracking data.

Malawi launches electric mobility and net-metering rules targeting 3.9MW of private power

Malawi has launched regulations governing electric vehicle infrastructure and privately generated renewable electricity, with an initial net-metering pilot targeting 34 electricity users capable of supplying approximately 3.9 MW to the national grid.

Nigeria's Dangote launches $2.5bn Walvis Bay fuel hub to supply Southern Africa’s landlocked markets

The Walvis Bay terminal is designed to hold at least 1.6mn barrels of petrol and diesel, to supply Botswana and Southern Africa

Djibouti starts operating Damerjog oil jetty as France’s Rubis explores petroleum logistics expansion

Djibouti says its Damerjog oil jetty has entered operation as French energy distributor Rubis (Euronext Paris: RUI) explores opportunities to expand petroleum storage and distribution through the country’s developing Red Sea logistics hub.

Gabon fuel-price rises of more than 20% disputed by petroleum ministry source

Reports that Gabon increased petrol and diesel prices by more than 20% from November 1 have been challenged by a source in the petroleum minister's office

Nigeria’s NNPCL considers 5%-10% float as Chinese investors explore refinery stakes

Nigeria’s state-owned oil company would likely begin any IPOby floating a 5%-10% stake, primarily on the domestic market, with London or New York under consideration for a secondary listing.

Namibia to raise petrol and diesel prices as fuel subsidy reserves come under pressure

Africa’s refinery boom draws billions while financing and crude-supply risks mount

Libya, Ghana, Nigeria, Kenya and Angola are pushing billions into new refineries, but funding gaps, scarce crude and fading margins threaten Africa’s plans.

Egypt’s LNG imports top 2025 record as Cairo pushes East Mediterranean gas hub ambitions

Egypt imported 10.52mn tonnes of LNG in January–September 2026, already above 2025’s record, as it extends a 14-block bid round and advances Cyprus gas links via Cronos and Aphrodite.

Iran seeks to cut petrol use by 10% after ending imports

The Iranian Oil Ministry aims to bring down daily petrol consumption by 10% by mid-February, after the government stopped imports on October 23, the state fuel distributor said.

TotalEnergies Tanzania attracts over 50 prospective investors under dealer-owned fuel-station model

TotalEnergies Marketing Tanzania has attracted interest from more than 50 prospective investors in its dealer-owned fuel-station programme, opening a new outlet in Dodoma.

Zambia raises November fuel prices as kwacha weakens ahead of December VAT return

Zambia increased petrol prices by 5.1% and diesel by 3.5% for November as a weakening kwacha and higher international petroleum prices pushed up import costs, adding pressure on transport operators, businesses and consumers.

Iraq crude output tops 4mn bpd as Kurdish export deal holds

Iraq's crude output has climbed above 4mn barrels per day (bpd), and the tripartite deal governing Kurdistan Region exports remains in force

Afreximbank and oil producers launch Africa Energy Bank with $5bn authorised capital, eye first financing in 2027

The Nigeria-based lender, plans a $1.25bn first subscription tranche and will prioritise export and domestic gas infrastructure, power and clean cooking.

Nigeria’s Dangote refinery boosts fuel exports 37% in September as local deliveries fall

Dangote refinery exports rose 37.3% to 54.63mn litres a day in September, outstripping Nigerian deliveries, NMDPRA data show, as petrol stocks stayed below the 30-day benchmark.

Cameroon's Sonara signs fuel supply deal with Nigeria's Dangote and MRS

Cameroon's state-owned oil refiner Sonara has signed a fuel supply agreement with Nigeria's Dangote Group and MRS Oil & Gas

Crude, condensate deliveries to Nigerian refineries top 127mn barrels as Q3 volumes fall 16%

Nigeria supplied more than 127mn barrels of domestically produced crude oil and condensate to local refineries between January and September 2026, following regulatory interventions to address supply disruptions

Namibia's Namport closes Walvis Bay oil port bids, targets 2027 construction

Namibia's state-owned ports operator Namport has closed bids for new berths and infrastructure upgrades at Walvis Bay's South Port, targeting construction from early 2027 to support offshore oil developments.

Nigeria’s south-east gas network advances with $3mn commitment

Nigeria’s proposed 400-kilometre gas distribution network across five south-eastern states has entered the investment and project development phase

Africa's energy demand set to nearly double by 2060, AEC’s report says

Africa will need substantial investment in electricity networks, fuel supplies and new generating capacity as energy consumption rises over the coming decades, with governments facing pressure to improve access while limiting emissions.

Nigerian feedstock supply is improving, NUPRC says

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed this week that the country’s domestic refineries had received more than 127mn barrels of Nigerian crude oil.

Nigeria’s war on oil theft continues

The Nigerian Navy has discovered three reservoirs allegedly containing around 25,000 litres of stolen crude oil in Delta State, with the Director of Naval Information noting that it had been found during operation Delta Sentinel.

Angola spends $1.08bn importing 74% of its liquid fuels in Q3 as foreign supplies dominate

Imported products account for 74% of liquid-fuel purchases despite efforts to expand domestic refining capacity

African Energy Week reports $17bn in commitments as energy projects seek financing

African Energy Week (AEW) 2026 concluded in Cape Town with more than $17bn in reported investment commitments, new licensing opportunities and a series of corporate agreements aimed at advancing oil, gas and power projects across the continent.

Nigeria’s Dangote refinery $1.6bn IPO attracts $4.78bn in orders, sources say

More than 2mn investors subscribed through digital channels, a source said, while the order book did not yet include applications from other African countries