Page 1 - DMEA Week 23 2021
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Issue 493 10•June•2021 Week 23
NNPC turns again to Afreximbank
Nigeria’s NOC is believed to have approached Afreximbank about a $2.5bn
loan to be used to acquire a minority stake in the Dangote Refinery.
PGSR ramps up exports
Exports of petroleum products from Iran’s Persian Gulf Star Refinery (PGSR)
increased by 200% year-over-year in 2020.
Groundbreaking Egyptian petchems
Egypt’s Prime Minister this week attended a ground-breaking ceremony for
the start of construction at a new petrochemical facility at Ain Sokhna.
Dangote kicks off urea production
Nigeria’s Dangote Group this week announced that it had begun commercial
production of urea as it moves to liberalise the fertiliser market.