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.
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