Page 1 - DMEA Week 29 2022
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Issue 549 21•July•2022 Week 29
ME flows helping out Europe
Crude and product shipments from the Middle East are easing the strain on
European refiners as Russian volumes head East.
NIOC’s Gazprom tie-up
The companies sitting atop the world’s two top gas reserve totals have teamed
up to collaborate on projects throughout the oil and gas supply chain.
Nigeria keeps budgeting for subsidies
The Nigerian government has budgeted a total of NGN6.72 trillion ($16bn)
for fuel subsidies in 2023, but hopes to spend much less.
Dangote raises funds through bond
Nigeria’s Dangote Industries Ltd closed a successful bond issuance this week,
raising NGN187.6bn ($452mn) on the local stock exchange.
