DMEA - Downstream Middle East & Africa
Uganda targets 5% ethanol blend within three months as rollout advances
Uganda expects to achieve a 5% ethanol blend in petrol within the next three months, moving closer to full implementation of a biofuels mandate launched last year.
Iran to add 12mn litres of daily petrol capacity with two southern refineries
Iran plans to bring two new refineries in the south on stream within seven months, adding 12mn litres per day to petrol production as the country grapples with a persistent fuel shortfall, a deputy oil minister said.
Will Trump call persuade Turkey’s Erdogan to halt gas imports from Iran?
Ankara faces headache. Turkey was Iran's third largest trading partner last year. Analysts wonder whether Turkish president will risk upsetting US counterpart.
Iranian petrol stations see normal traffic as price hike rumours fuel jitters
Petrol stations in the Iranian capital Tehran are operating without a rush by motorists to fill their tanks, despite rumours of higher fuel prices and amid tougher US sanctions.
Dangote refinery rising output turns Nigeria into net seaborne fuel exporter
Nigeria has emerged as a net seaborne exporter of petroleum products as rising output from the Dangote refinery drives a more than sevenfold increase in exports and sharply reduces the country’s longstanding dependence on imported fuel.
Kenya Senate sets 60-day deadline in emergency fuel-import probe
Kenya’s Senate Energy Committee has given government and investigative agencies until October 19 to submit a consolidated report on investigations and disciplinary proceedings involving three former senior energy officials.
Oil prices see modest decline on August 24 despite Washington's threat of new Iranian sanctions
Oil prices fell by around 2% on August 24 as traders took profits following two weeks of gains and awaited details of new US sanctions against Iran.
Mauritius' Bhunjun Group buys Engen's 37 fuel stations, launches local Fillin brand
Oil Terminal Ltd, a subsidiary of Mauritian conglomerate Bhunjun Group, has acquired all 37 Engen service stations in Mauritius and is rebranding the network as Fillin.
Zimbabwe widens energy mix to unlock new power investment
Zimbabwe has widened the range of energy sources recognised under its regulatory framework, opening a clearer path for investment as the Government targets more than doubling electricity generation capacity to 6 000MW by 2030.
Baghdad wins a narrow Hormuz reprieve
Bowing to persistent Iraqi lobbying, Tehran has begun waving through select Iraqi crude tankers at Hormuz. It is a partial, politically freighted escape valve from six-month shipping paralysis
Reatile to take minority stake in Shell Downstream South Africa after ADNOC takeover
ADNOC Distribution agreed in July to acquire 100% of Shell Downstream South Africa from Shell (LSE/NYSE: SHEL) at an implied enterprise value of about $1bn, before adjustments for net debt and working capital.
Geregu Power remits overdue payment on $30mn bond after default
Geregu Power said it had remitted the overdue eighth coupon and fourth scheduled part-principal payment on its Series 1 bond to the instrument’s trustees, after FMDQ Securities Exchange flagged the bond as being in credit default.
Nigeria's petrol subsidy removal freed up $11.7bn in resources, says finance ministry
Nigeria’s federal government said the removal of the petrol subsidy freed up an estimated NGN15.8 trillion ($11.7bn) for the federation between June 2023 and December 2025.
ASP Isotopes begins commissioning South African helium plant ahead of September shipments
ASP Isotopes (Nasdaq: ASPI; JSE: ISO) has begun commissioning the liquid-helium facility at its Virginia Gas Project in South Africa’s Free State province, with the first commercial shipments expected in September.
African independent oil and gas companies expand upstream role as IOCs divest assets
African independent oil and gas companies are expanding their role in the continent’s upstream sector as international oil companies sell mature assets and local operators take on larger production portfolios.
Tanzania’s clean cooking initiative set to slow down due to Iran war
Tanzania’s effort to ramp up the rollout of liquefied petroleum gas (LPG) cylinders to help its population transition to cleaner forms of cooking may hit difficulties as the war with Iran persists.
Nigeria’s PETROAN pushes NNPCL to show results on refinery rehabilitation
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has pushed the Nigerian National Petroleum Co. Ltd. (NNPCL) to measure refinery performance by tracking output, returns on investment, and plant availability.
Namibia warns of flight disruption amid jet fuel supply constraints
Namibia's main international airport is facing Jet A-1 fuel supply constraints, prompting warnings that flight schedules could be affected as authorities work with suppliers and airlines to maintain operations.
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