DMEA - Downstream Middle East & Africa

Turkish LPG carrier set on fire during Russian drone attack

A Turkish LPG carrier docked at the port of Izmail, Ukraine, was hit by a Russian drone during an attack, sparking a fire on the vessel, which has now been extinguished.

Nigeria: Dangote refinery denies video showing motorcycle-based fuel delivery service

Nigeria’s 650,000 barrels per day (bpd) Dangote refinery has moved to deny a viral video that suggested it was distributing petrol across the country using motorcycles, according to The Punch.

South Sudan seeks $2.5bn in oil-backed loans as fiscal and political pressures converge

Iran building new petrochemical hub in Bushehr province as part of North Pars gas development

Plans are under way to establish a new petrochemical hub in the southern province of Bushehr, Deputy Oil Minister for Petrochemicals Hassan Abbaszadeh said.

Iran releases Talara tanker and 21 crew members following STS transfer

Iran releases Talara oil tanker and 21 crew members after six-day detention for fuel smuggling in Persian Gulf waters, following completion of judicial proceedings and cargo discharge.

Iran building new petrochemical hub in Bushehr province as part of North Pars gas development

Plans are under way to establish a new petrochemical hub in the southern province of Bushehr, Deputy Oil Minister for Petrochemicals Hassan Abbaszadeh said.

Iran police say fuel smuggling far higher than official estimates as daily losses top $9mn

Iran’s top economic-security official warned on November 18 that fuel smuggling was draining more than 21mn litres of petrol and diesel per day—worth around $9mn—while the real volume was likely “far higher.”

Syria receives 650,000 barrels of crude oil under Saudi grant

Tanzania’s Taifa Gas cleared to build major LPG terminal in Kenya after court ruling

Nigeria targets rollout of 500 proposed CNG stations, MDGIF says

Nigeria plans to roll out up to 500 CNG stations over three years in a bid to cut petrol dependence and expand gas-mobility options.

Turkey’s LPG imports rise 16% y/y in Sept

Turkey’s liquefied petroleum gas (LPG) imports moved up by 16.4% y/y to 286,885 tonnes in September, according to the LPG Market Sector Report published by the Energy Market Regulatory Authority (EPDK).

Syria’s Homs refinery to remain operational until new Furqlus plant is completed

The director general of Syria’s General Company for the Homs Refinery, Khaled Mohammad Ali, has confirmed that the refinery will continue operating and will not be shut down until the new refinery in Furqlus is entirely constructed and brought online

Nigeria launching equity fund to boost local oil & gas firms in shift to long-term energy sector investment

The Nigerian Content Equity Fund (NCEF), a new investment vehicle to provide long-term capital for indigenous oil and gas firms, will be managed by the Bank of Industry.

Nigeria scraps 15% fuel import duty plan amid supply concerns

Nigeria has withdrawn a planned 15% import duty on petrol and diesel following warnings from fuel marketers that the measure could restrict imports and disrupt supplies ahead of the festive period

Nigerian government orders NNPCL to refund $145.6bn to federation account

The Nigerian Senate has ordered the Nigerian National Petroleum Co. Ltd. (NNPCL) to refund N210 trillion ($145.6bn) to the federation account, according to Sahara Reporters.

Iraq’s SOMO reports fuel imports at 656,000 tonnes in Q3 2025

Iraq imported nearly 657,000 tonnes of petroleum products in the third quarter of 2025, The bulk of the imports consisted of gasoline, which totalled 396,475 tonnes with 37% decline compared with the third quarter of 2024.

Ghana Oil Company’s profit up 40% y/y in first nine months of 2025 despite Q3 revenue dip

Iran mulls three-tier fuel pricing plan amid soaring import costs

The Iranian government is considering a three-tier pricing scheme for petrol, its spokeswoman said on November 12, as the country’s fuel import bill has doubled this year.

UAE: TA'ZIZ signs petchem supply deal with India’s Sanmar Group

TA’ZIZ has announced the signing of two-product sale agreement term sheets with India’s Sanmar Group, a global manufacturer of specialty chemicals.

AEC to host G20 African Energy Investment Forum ahead of G20 Summit in Johannesburg

The African Energy Chamber (AEC) will host the G20 African Energy Investment Forum ahead of the G20 Summit in South Africa.

Iraq boosts oil exports to India as Saudi supplies to China decline

Iraq is set to increase its crude oil exports to India next December, as Asian oil markets undergo a reshuffle amid declining Saudi supplies to China for the second straight month

Nigeria’s marketers consider halting petrol imports after Dangote price cut, new 15% import duty

Nigeria’s petroleum marketers are considering suspending fuel imports after the Federal Government introduced a 15% import duty and Dangote Refinery cut its petrol price.

Nigerian crude earnings fell 43% in 2024 despite higher output

Data from Nigeria’s Budget Implementation Report for Q4 2024, published this week, has shown that profits from the country’s oil and gas sales plummeted by 43% in 2024, despite production increasing on average.

South Africa: Industry condemns government silence over looming gas crisis as Sasol offers interim fix

The Industrial Gas Users Association of South Africa (IGUA-SA) has once again voiced its concerns about the impending “gas cliff” and the government’s inaction in addressing the supply shortage.

Saudi Arabia's Kingdom Holding reports SAR794.5mn net profit, up 129%

Saudi Arabia's Kingdom Holding reports SAR794.5mn ($212mn) Q3 net profit, up 129% year-on-year. Total comprehensive income reaches SAR3.228bn ($861mn), up 111.5%.