DMEA - Downstream Middle East & Africa

Egypt announces halt in Israeli gas supplies, fertiliser companies suspend operations

Egypt's Ministry of Petroleum announced a halt in natural gas supplies from Eastern suppliers, referring to Israel, which stopped its oil supplies from the Leviathan field as a precautionary measure against an expected Iranian attack.

Nigeria's Oando shares rise 40% after strong earnings and $375mn funding boost

Shares in Oando Plc, a Nigerian multinational energy company, surged by nearly 40% on the NGX after the release of strong 2024 financial results and the announcement of a major reserve-based loan facility.

Nigeria’s petrol import bill falls 54% in 1Q25 as Dangote refinery increases output

Nigeria’s petrol import bill fell to NGN1.76 trillion ($1.4bn) in the first quarter of 2025, representing a 54% year-on-year decline, as domestic refining increased following ramped-up output from the Dangote Petroleum Refinery.

Israel may launch attack on Iran, US officials say

Officials from the US and Europe have warned that Israel is preparing to launch an attack on Iran – a move that could derail the Trump administration’s efforts to prevent Iran from developing nuclear weapons.

Petredec set to construct Tanga LPG terminal in Tanzania

Singapore-based integrated LPG company Petredec is set to begin the construction of Tanzania’s Tanga LPG terminal – slated to be the largest LPG facility in the world once completed, according to Energy Capital & Power.

ENOC, DP World sign emergency response agreement in Dubai

Emirates National Oil Co. (ENOC) and DP World have signed a memorandum of understanding (MoU) to improve emergency and fire response faculties at vital energy and logistics infrastructure located across Dubai.

NNPCL, Dangote petrochemicals listing set to raise market cap, according to NGX chairman

Dangote announces ‘shakeup’ of Nigerian downstream sector

CEO of Dangote Group Aliko Dangote has revealed that Nigeria’s downstream sector is set to face a “shakeup” in the coming months.

UAE's ADNOC Gas takes FID on Rich Gas project

ADNOC Gas is progressing on another major gas initiative as it moves ahead with various billion-dollar investments to achieve gas self-sufficiency

Ghana’s new fuel tax sparks opposition backlash amidst energy crisis reforms

Ghana’s opposition lawmakers have called on the government to immediately withdraw a controversial new GHS1 ($0.10) fuel levy, warning that it will worsen economic burdens and undermine public trust.

Work continues on Iran's first mini LNG project

Iran's first privately-backed, mini-LNG project is reported to have reached 44% completion

NGX targets Dangote Petrochemicals, NNPCL listings to support $1 trillion GDP goal

The Nigerian Exchange (NGX) plans to list Dangote Petrochemicals and the Nigerian National Petroleum Company Ltd in 2025 as part of efforts to expand market capitalisation and contribute to the federal government’s $1 trillion GDP target by 2030.

Iraq accuses Kurdish govt. of causing significant losses

The Iraqi Ministry of Oil has sharply criticised the Kurdistan Regional Government (KRG) for its persistent failure to hand over crude oil revenues.

Iran says $18bn needed to unlock full petchem capacity amid feedstock shortage

Iran requires around $18bn in fresh investment to fully tap into the potential of its petrochemical sector, Deputy Oil Minister for Petrochemicals Hassan Abbaszadeh said, as the country grapples with feedstock shortages that have held back output.

Boss of Turkish fuel retailer Teco arrested as part of Imamoglu operation

Regime says it's targeting "tentacles" of "octopus-like" crime syndicate under Istanbul mayor. Critics scoff at bogus investigation aimed at removing political threat to Erdogan.

Uganda begins construction of Hoima Inland Terminal

Threeways Shipping Services Ltd. (TSS) – a subsidiary of logistics company Bro-Group – has begun construction of a new inland terminal, marking a significant investment in Ugandan oil and gas infrastructure.

Nigeria's SERAP sues NNPCL over missing funds

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Co. Ltd (NNPCL) for the state-owned company’s failure to account for NGN500bn ($316.4mn).

$5bn Uganda–Tanzania crude oil pipeline (EACOP) project now 60% finished

The $5bn East African Crude Oil Pipeline (EACOP), a controversial flagship infrastructure project stretching 1,443 kilometres from Hoima, Uganda to Tanga port in Tanzania, is 60% completed.

Nigeria increases crude exports to US following technical issues at Dangote refinery

Nigeria has increased its crude exports to the US to 364,000 barrels per day from 358,000 bpd following a reduction of daily fuel production at 650,000 bpd Dangote refinery between April and May.

Iraqi-US relations sour following deal with Kurdistan Regional Government

Iraq’s position on the US oil sector investment has soured, with the country filing a lawsuit on May 26 that accused the US government of allowing companies under its control to agree to oil exploration and production deals directly with the KRG.

Jordan’s LPG firm signs $22mn deal with Egypt’s Petrojet to build gas storage facilities in Aqaba

World Bank urges Kenya to impose carbon tax on imported fuels

The World Bank has urged the Kenyan government to introduce a carbon tax on imported fuels, estimating it could raise up to KES40.5bn ($312.98mn) annually.

Iran boosts oil refining capacity by 7%, Abadan refinery leads growth

Iran has increased its domestic oil refining capacity by more than 7%, reaching 2.4mn barrels per day, a senior official at the National Iranian Oil Refining and Distribution Co. (NIORDC) said.

Iran loses up to $8bn annually to fuel smuggling, official says amid truckers’ strike

Israeli Nitzana gas pipeline to Egypt delayed until H1 2028 amid cost-sharing disputes

The launch of the Nitzana pipeline, expected to export 600mn cubic feet per day (cfd) of natural gas from Israel to Egypt, has been delayed to H1 2028.