DMEA - Downstream Middle East & Africa

Category
Oil & Gas

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Overview

In a region which has shown both extensive investment and increased instability over the past few years, MEA merits a significant degree of technically minded and industry-focused coverage.

While DMEA details mid- and downstream company activity throughout the Middle East and Africa, it also contains information of tender announcements and awards, allowing our customers to be kept aware of what their competitors are up to as well as informing them of new opportunities.

DMEA is a fully digital publication and can be read via PDF, PageSuite or via our NewsBase App.

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Capacity utilisation rising at Nigeria LNG

16 March 2023

NLNG has reportedly seen utilisation rates rise since the beginning of 2023, marking a partial recovery from the production issues it experienced in Q4 2022.

NFE concludes sale of 50% stake in Hilli Episeyo FLNG operating offshore Cameroon to Golar LNG

16 March 2023

US-based New Fortress Energy (NFE) confirmed on March 15 that it had concluded the sale of its entire stake in the Hilli Episeyo, an FLNG vessel operating offshore Cameroon, per the terms of the deal it signed with Bermuda-registered Golar LNG.

Angolan refineries making overdue progress

16 March 2023

After many years of waiting, Angola is expected to see the launch of two new refineries between now and 2026.

Building commences on Shaheen project

15 March 2023

A ceremony was held last week in Ulsan, South Korea, to mark the start of work on the $7bn Shaheen integrated petrochemical plant located in Onsan Industrial Complex.

Uganda and Algeria sign partnership for oil and gas projects

15 March 2023

Uganda National Oil Co. (UNOC) and its Algerian counterpart Sonatrach have signed a memorandum of understanding for the development of oil and gas projects in Uganda.

Presidential hopeful states TOR revival goal

15 March 2023

Dr Kwabena Duffor, presidential candidate for the National Democratic Congress (NDC) of Ghana, has said that he will prioritise the restoration of the Tema Oil Refinery to full capacity if elected.

Niger's president touts benefits of planned oil pipeline to Benin

15 March 2023

Niger's President Mohamed Bazoum has said that a planned pipeline carrying crude from Niger's Agadem oilfield to the southern Benin port of Sèmè will provide numerous benefits to both countries.

Aramco posts best ever results

15 March 2023

This week, Saudi Aramco announced its full-year 2022 financial results, revealing a record net income of $161.1bn – its highest annual profits as a listed company. Aramco also declared a Q4 dividend of $19.5bn, which will be paid in Q1 2023.

Iran offering crude, gas and condensate on IRENEX

14 March 2023

Iranian Oil Minister Javad Owji said at the weekend that crude oil and gas condensates would be sold to foreign customers on the Iran Energy Exchange (IRENEX). They would be available to domestic buyers at the same price during a particular period.

Iranian exports reach highest level since 2018

13 March 2023

Iranian Oil Minister Javad Owji has said the country’s crude exports have reached the highest level since the re-imposition of US sanctions in 2018, state media reported.

Iraqi minister reveals expected scale of solar, gas output

13 March 2023

Iraqi Oil Minister Hayan Abdulghani revealed that the government is planning to increase its focus on gas investment, while also investing in solar energy projects, during the Iraq Climate Conference.

KwaZulu-Natal in talks about Sapref’s future

9 March 2023

South Africa’s KwaZulu-Natal provincial government has announced it is discussing the future of the Sapref refinery with the Department of Mineral Resources and Energy (DMRE) and operators Shell and BP. The 180,000 bpd plant is located near Durban.

Investors assume control over biofuel refinery project

8 March 2023

Nigeria’s Kebbi State has handed over control of a recently completed ethanol-based biofuel refinery to a group of companies following the recent completion of construction.

Iran and Oman sign cross-sector MoU

8 March 2023

Iran and Oman’s energy ministers met in Tehran this weekend and announced the signing of a memorandum of understanding covering joint development across oil, gas and petrochemicals.

Explosion near illegal refinery site in Nigeria.

8 March 2023

Twelve people were killed in an explosion near an illegal oil refinery in Nigeria’s Niger Delta last week according to a police report, although local reports suggest the death toll is higher.

Aramco signs $6bn deal to support Korean firms in-Kingdom

7 March 2023

Saudi Aramco has agreed a $6bn framework deal with the Export-Import Bank of Korea to assist South Korean companies in securing Saudi contracts. The three-year agreement was signed by Eximbank's head Yoon Hee-Sung and Aramco CFO Ziad Al-Murshed.

Tanzania completes talks with Equinor and Shell on $30bn LNG project

7 March 2023

Tanzania has concluded negotiations on a $30bn LNG project with Equinor (Norway) and Shell (UK), creating an opportunity for launching the development of the country’s vast offshore natural gas resources after years of delay.

Edited by

Frazer Simm

Editor

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