Africa
bp, Shell agree to sell their shares in South Africa's SAPREF refinery
bp Southern Africa and Shell Downstream South Africa have reached an agreement for the sale of their respective 50% ownership assets located at the SAPREF Refinery Precinct to the South African state-owned entity, Central Energy Fund SOC Ltd.
Belgium tightens fuel export specifications
The Belgian government plans to publish a royal decree that tightens the minimum specifications of motor fuel exports quality.
ADNOC to acquire 10% equity stake in major LNG development in Mozambique
ADNOC announced the acquisition of Galp’s 10% interest in the Area 4 concession of the Rovuma basin in Mozambique, entitling ADNOC to a share of the LNG production from the concession, which has a combined production capacity exceeding 25 MMtpy.
Executive Viewpoint: Petrochemicals transition, operational sustainability and new pathways for light olefins production
Welcome to Hydrocarbon Processing’s Executive Series. In this enhanced video platform, the editors speak with the operators and technology leaders and suppliers that are optimizing the global hydrocarbon processing industry (HPI).
Vivo Energy to invest over $550 MM in South Africa, continue supply contracts with local refineries
Vivo Energy, owned by global commodities trader Vitol, will invest an initial 10 B rand ($550.79 MM) in its South African operations following its merger with Engen.
Nigeria's Dangote refinery tenders for steady supply of U.S. crude oil
Nigeria's Dangote refinery is in the market for 2 MMbbl of West Texas Intermediate (WTI) Midlands crude every month for a year starting in July.
Singapore middle distillate stocks tumble to nearly three-month low
Singapore's middle distillates stocks slid to a nearly three-month low this week, falling below 11 MMbbl for the first time in a month as gains in jet fuel/kerosene net exports offset declines in diesel/gasoil net exports.
Itochu to buy green ammonia from HIVE's $5.9-B Coega facility
A division of Hive Energy Ltd. announced that a consortium led by Japanese trading giant Itochu Corp. is on the verge of finalizing an agreement to purchase environmentally friendly ammonia from a project located in South Africa.
Ethylene downcycle puts nearly 25% of capacity at risk of closure
A series of unprecedented challenges to the global ethylene industry means that as much as 24% of global capacity is now under some threat of permanent closure according to new research by Wood Mackenzie.
Shell to exit South Africa's downstream businesses
Shell will divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses across all regions.
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