Africa
Dangote says refinery has 500 MM liters of petrol in storage, can meet Nigeria's demand
Nigeria's Dangote oil refinery has a stockpile of 500 MM liters of petrol, its billionaire founder said, countering claims by marketers who asserted they needed to supplement Dangote's supplies with imports to meet fuel shortages.
Angola's Cabinda oil refinery to start up by April
Angola's Cabinda oil refinery is set to begin production by April, as it completes its first phase just ahead of schedule but over budget.
Egypt raises gasoline, diesel prices for third time this year
Egypt raised fuel product prices on Friday for the third time this year as it continues to cut back on diesel and gasoline subsidies, but said it would cover the additional energy costs for bakers of subsidized bread.
Nigerian fuel traders turn to imports to augment Dangote Refinery supply
Nigerian fuel traders are ramping up petrol imports to augment supply from the Dangote Refinery following worsening fuel queues.
Global refinery margins fall to multi-year seasonal lows in September
Refinery margins for petroleum refiners across the world are shrinking, indicating reduced profitability from refining crude oil and selling petroleum products.
Nigeria signs deal to supply gas to proposed $3.5-B petrochemical plant
Nigeria took a major step in its quest to earn revenue from its vast gas reserves, signing a deal with joint venture partners to supply gas to a proposed $3.5-B Brass fertilizer and petrochemical plant.
Nigeria ends state oil firm's role as Dangote refinery's sole buyer
Nigeria's local fuel traders can now buy petrol directly from the Dangote oil refinery, ending state-oil firm NNPC's exclusive buying rights as the country moves to fully deregulate its processing sector.
ARA gasoline exports to West Africa hit multi-year lows in September
A Belgian law restricting exports of low-quality fuels and financial constraints among Nigeria's importers are squeezing sales of gasoline from Northwest Europe to West Africa, leaving buyers to explore other options until Nigeria's Dangote refinery is able to meet demand.
Global refiners face profit slump as new plants come online
Oil refiners in Asia, Europe and the U.S. are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic and underlining the extent of the current slowdown in global demand.
Stamicarbon awarded technology and PDP contracts for urea plant in Egypt
MAIRE announced that NEXTCHEM (Sustainable Technology Solutions), through its subsidiary Stamicarbon, has been awarded the licensing and the process design package for the upgrade and expansion of El Delta Company for Fertilizer and Chemical Industries’ urea plant in Talkha, Egypt.
- Chiyoda, AVEVA forge strategic partnership to power plantOS with AVEVA CONNECT 6/27
- SABIC announces closure of Olefins 6 facility in Teesside, UK 6/27
- LyondellBasell's polyolefin technologies selected by SHCCIG Yulin for petrochemicals complex in China 6/27
- Damaged unit of Iran's South Pars refinery back operating 6/27
- hte conducts research for JGC to advance decarbonization by identifying suitable catalysts for ammonia cracking 6/26
- TES and CPC Finland to develop 500-MW e-NG project in Finland 6/26
