Africa
Algeria launches $7-B investment plan to expand hydrocarbon processing
Algeria has allocated a $7-B investment portfolio for major industrial projects aimed at increasing the conversion rate of hydrocarbons into higher value-added products from 32% to 50% in the next 5 yr.
South Africa's $5.8-B Hive project aims to lead low-cost ammonia output
A $5.8-B project on South Africa's east coast seeks to use the country's infrastructure and cheap renewable power to make some of the world's cheapest green ammonia for clients in Europe and Asia.
Global oil refiners see short-term boost from higher margins
Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures have tightened fuel supply needed to meet peak summer demand.
Nigeria's Dangote oil refinery extends WTI buying spree into July
Nigeria's Dangote oil refinery will import at least 5 MMbbl of U.S. WTI crude oil in July, three trading sources said, extending its buying spree after a potential record tally for June.
Nigeria's Dangote refinery to run at reduced rates through October
The 650,000-bpd Dangote oil refinery in Nigeria is expected to operate its gasoline-making unit at reduced rates through October after a string of issues in recent months.
U.S. crude and fuel inventories fall, Nigerian crude imports jump
U.S. crude and fuel inventories all fell last week, while crude imports from Nigeria hit their highest level in nearly six years.
ADNOC, TotalEnergies announce national launch of ADNOC Voyager lubricants in Egypt
ADNOC Distribution, in partnership with TotalEnergies Marketing Egypt (TEME), has announced the launch of ADNOC Voyager lubricants across Egypt.
Libya says oil leak occurs in pipeline south of Zawiya city
An oil leak forced the shutdown of a pipeline south of Libya's city of Zawiya, the National Oil Corporation (NOC) said on Saturday.
Nigeria's Dangote refinery agrees to export polypropylene with Vinmar
Dangote Petroleum Refinery and Petrochemicals said it will partner with Vinmar Group, an international petrochemicals distribution company, to bring Dangote polypropylene to global markets.
Nigeria's fuel traders struggling to secure gasoline from refurbished state refineries
Nigerian fuel traders are struggling to secure gasoline supplies from two newly refurbished state-run refineries six months after they were declared operational, they say, leaving them reliant on the privately owned Dangote oil refinery and imports.
- Envision Energy powers world's first green marine ammonia bunkering 7/25
- New catalyst breakthrough could make clean ammonia easier to produce 7/25
- U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses 7/25
- CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions 7/25
- PetroChina makes FID for new northeast refinery complex 7/25
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
