DMEA - Downstream Middle East & Africa
Saudi Arabia’s Yanbu port hit by projectile
Saudi Arabia’s Yanbu port has again been impacted by attacks, with an unidentified projectile starting a fire and halting loading operations involving a Liberian-flagged tanker.
Iraq transports 2mn barrels through Hormuz as tanker movement increases
Iraq’s state-owned Oil Tanker Company moved 2mn barrels of Iraqi crude through the Strait of Hormuz aboard a very large crude carrier last week – the first such operation the company has conducted in years, according to its director general.
Angola lifts crude supply to Luanda refinery to 12-month high
Angola increased crude oil deliveries to its Luanda refinery to a 12-month high in August, boosting feedstock to the plant, which has a capacity of 65,000 bpd, after supplies remained well below capacity earlier this year.
Namibia says Vitol fuel deal saved up to $43mn as TotalEnergies takes over bulk supply
Namibia’s government estimates that an emergency bulk fuel supply agreement with international trader Vitol avoided between NAD400mn ($24mn) and NAD700mn in additional fuel-import premiums over four months.
Sahara Group expands Ghana LPG hub for regional fuel trade
Sahara Group has commissioned a 6,000-tonne liquefied petroleum gas depot in Ghana, expanding storage capacity as the country strengthens domestic supply and its regional fuel-distribution ambitions.
MISC names Th'ailib LNG carrier
Malaysia’s MISC Group has named its latest LNG carrier, Th'ailib, at a Samsung Heavy Industries shipyard in South Korea.
Turkey stands to significantly gain from oil pact with Iraq, say analysts
Turkey stands to make significant gains from an anticipated oil pact with Baghdad that replaces a decades-old deal governing Iraq’s northern crude exports, according to quoted analysts.
Kenya clears GDR route for investors into Dangote refinery IPO
Kenyan investors can gain exposure to Dangote Petroleum Refinery’s Nigerian IPO through GDRs backed by allocated shares, with any subsequent NSE listing still subject to share allocation and Nigerian regulatory approval.
September LNG shipments through Strait of Hormuz hit highest levels since start of conflict
The number of LNG cargoes exiting the Strait of Hormuz reportedly rose to its highest monthly level in September since the start of the US’ and Israel’s war against Iran began earlier this year.
Ankara pitches Development Road as $80bn energy corridor
Türkiye plans to turn the proposed Development Road from Iraq’s southern ports to Europe into a multi-fuel energy corridor worth $80bn annually
South Sudan’s Kiir visits Kenya for talks on $16bn Lamu refinery and December elections
South Sudan is exploring a possible role in Kenya’s planned $16bn Lamu refinery as Juba looks to diversify oil-export options beyond Sudan, though no crude-supply, pipeline or equity agreement has yet been announced.
Seychelles’ SEYPEC completes tanker sale as fleet renewal advances
Seychelles Petroleum Company (SEYPEC) has completed the sale of its long-haul tanker Seychelles Progress, advancing a fleet renewal programme that includes two new vessels under construction in China.
AEC, Canadian firm GSMS agree to explore LNG and LPG supplies to Africa
The African Energy Chamber has signed a two-year memorandum of understanding with Canadian project developer and commodities broker GSMS to explore LNG and LPG supplies from Canada to African markets, initially targeting West Africa.
Nigeria reiterates $139mn plan to settle gas-producer debts
Nigeria restates its NGN185bn ($139mn) gas-producer debt settlement plan, approved in December 2025, without detailing payments or a timetable.
Yemeni government launches offensive as Houthis hit Aramco site
Rashad al-Alimi, chairman of the Riyadh-based Presidential Leadership Council, said his forces would reclaim territory lost to the Iran-aligned movement over the past 12 years
OQGN sets up $1bn sukuk programme
Oman's OQGN has established a $1bn sukuk issuance programme to secure flexible access to international debt markets
Dangote's $16bn Kenya refinery faces second legal challenge over state stake
Kenya's consumer federation wants a review of the state's planned 10% stake in Aliko Dangote's $16bn Lamu refinery, the project's second legal challenge.
Dangote's Kenya refinery faces October 14 court test as 40-month construction clock starts
A land case over Aliko Dangote's $16bn Kenya refinery returns to court on October 14, two weeks after he broke ground and pledged to open it in 40 months.
African fuel importers face tighter Asian supply as China halts October exports, Brent tops $100
African fuel importers face tighter supply after Chinese refiners suspended oil product exports for October and Brent crude rose back above $100 a barrel
Zambia petrol price jumps 24% to $1.59 a litre as excise duty returns
Zambia’s reinstatement of excise duty on petroleum products from October, alongside higher international prices and a weaker kwacha, has pushed pump prices sharply higher.
Iran seizes vessel carrying 1.825mn litres of fuel in Persian Gulf
Iranian border guards have busted a tugboat carrying 1.825mn litres of fuel products in the Persian Gulf and arrested seven people.
Nigeria’s Dangote now involved in multiple East African energy projects
2026 has been a strong year for Nigeria’s Dangote Group so far, with the company taking on numerous new projects following the success of the 650,000 barrels per day (bpd) Dangote refinery, located in the Lekki Free Zone.
Rwanda returns to Mombasa petroleum route as Kenya corridor regains fuel flows
Rwanda’s return to the Mombasa petroleum route strengthens the Northern Corridor’s role in East African fuel logistics, giving the landlocked country an additional import option alongside Tanzania routes.
Ghana commissions first phase of 12,000-tonne LPG storage terminal amid clean-cooking push
Ghana has commissioned the first 6,000-tonne phase of a planned 12,000-tonne LPG storage terminal.
Aliko Dangote, Africa’s richest man, sets out $50bn multi-sector, continent-wide expansion plan
Nigerian industrialist Aliko Dangote plans to invest about $50bn across Africa by 2030, extending a capital-intensive expansion that is pushing his conglomerate further into refining, fertiliser, cement, energy and infrastructure.
AEC backs Dangote’s planned Kenya refinery amid land court dispute
The African Energy Chamber (AEC) has backed Aliko Dangote’s planned 700,000-barrel-per-day (bpd) refinery in Lamu, Kenya, after a court order temporarily restricted activities on land earmarked for the project.
Nigeria’s NNPCL audited accounts show 33% profit rise despite 24% revenue drop
Nigeria's state-owned Nigerian National Petroleum Company Limited (NNPCL) reported profit after tax of NGN7.2 trillion ($5.42bn) for 2025, up 33% y/y, even as revenue fell 24% to NGN34.5 trillion.
Kenyan investors seek NSE access to Dangote refinery IPO through GDR structure
Kenyan investors are exploring a proposed NSE GDR structure that could provide access to Dangote Petroleum Refinery’s IPO, subject to approvals.
Nigeria’s Dangote breaks ground on $16bn oil refinery in Kenya
Dangote and Kenya have launched construction of the $16bn Lamu oil refinery, a 700,000-bpd project aimed at supplying East African fuel markets.
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