Page 18 - DMEA Week 30

DMEA NEWS IN BRIEF DMEA

Egypt Shuqair-Mostorod is the area where we can make Africa more to the 8.2% gain reported in June and the
independent in terms of producing its own
27.7% decline in May, when coronavirus
crude oil pipeline resumed fertilizers,” he said. (COVID-19) crisis travel restrictions still held
sway.
pumping last week over the first 25 days of July amounted to
The data also showed that gasoline demand
Egypt’s Shuqair-Mostorod crude oil pipeline Suspicious gasoline 267mn litres, marking a 22.5% y/y gain.
resumed pumping last week with a capacity deliveries truck yard blaze June brought a 2.1% decline, while May saw
of 20,000 tonnes per day, an official source demand plummet 32.4%.
told Reuters on July 30. unnerves Iranian city of The bulk of gasoline consumption in
Earlier this month, a crack in the Turkey is from higher-end passenger vehicles,
pipeline caused a major fire on the Cairo- Kermanshah with the sharp fall in demand from April
Ismailia highway that injured 18 people. through June thought to reflect a large
There were reports on July 28 that an number of people who normally commute to
explosion had set a petrol deliveries truck yard work, working from home, according to S&P
Azeri investors eye in Iran’s western city of Kermanshah alight, Global Platts.
Turkish daily Milliyet reported on July 21
with Mizan News Agency among the outlets
fertilizer, food, petrochem relaying such news. However city governor that 90% of Turkey’s rental cars had already
been rented ahead of the Eid holiday, as Turks
Fazlollah Ranjbar was quoted by the official
industries in Ethiopia IRNA news agency as denying that there who do not own cars attempt to avoid using
had been an explosion and as saying that the
mass transportation. The holiday runs from
In an interview with NewBusinessEthiopia. fire broke out during repair work to a heavy July 31 to August 3.
com, Elman Abdullayev, Azerbaijan vehicle before spreading to seven others.
Ambassador to Ethiopia, Kenya and Djibouti Iran in recent weeks has seen a whole
indicated that investors from his country have series of suspicious explosions and fires in Nigeria: As Covid-19 Delays
been exploring opportunities in Ethiopia and locations ranging from hospitals to military
Africa in general over the past years. Most installations, while the Natanz nuclear Dangote refinery - oil import
recently a group of Azeri were in Ethiopia development programme complex was hit
exploring opportunities in furniture industry. by a fire, with some analysts saying it was takes toll On rarnings
He also indicated that one of the well- possibly sparked by a cyberattack, though
known construction company of Azerbaijan, officials said the blaze resulted from an The COVID-19 pandemic has affected the
AKKORD has been working with the accident that they could not discuss for completion of the Dangote Refinery and also
Ethiopian Airlines Group in building houses national security reasons. Speculation on crippled a critical segment of the Ebute-Metta
for the staff of Ethiopian Airlines. social media in the Islamic Republic has to Apapa segment of the Lagos to Ibadan rail
Ambassador Abdulayaev who indicated focused on whether Iran’s enemies might be project.
that Azerbaijani companies mainly targeting weakly secured infrastructure across The two major projects are seen as key to
specialized in construction are also the country in an attempt at humiliating the advancing Nigeria’s crave for self-sufficiency,
interested to invest in Ethiopia. “There country’s clerical government. But officials industrialization, massive export and ease of
are many Azerbaijani companies known have pointed out that the searing heat of doing business.
for construction, who are interested in summer usually contributes to a marked rise Even though it is a private venture being
developing real estates in Ethiopia,” he said, in the number of fires and explosions. spearheaded by Africa’s richest man, Alhaji
mentioning the fact that one Azerbaijani “An explosion in a fuel tank occurred in Aliko Dangote, the Dangote Refinery
construction company AKKORD is already Dolat Abad industrial area parking area,” is expected to find a lasting solution to
working with Ethiopian Airlines in the Mizan reported. There were no reports of Nigeria’s heavy dependence on importation
construction of houses for Ethiopian Airlines fatalities of petroleum products for domestic
in the capital, Addis Ababa. It was previously reported by Iran Student consumption.
Ambassador Abdullayev also indicated News Agency that six fuel tanks exploded, but All Nigeria’s refineries are comatose and
that there is a growing demand in Azerbaijan imagery coming out of the country simply the country relies heavily on importation
for coffee, flower and sesame products. “The showed a petrol deliveries truck yard on fire. despite its strategic position as Africa’s largest
producers and exporters of flower, coffee “Some 100 fire fighters are trying to oil producer, pumping about 1.78 million
and sesame in Ethiopia should utilize this contain the fire in the area. There were no barrels per day in March.
market opportunity in Azerbaijan,” he said. fatalities but some people were injured,” the Oil sales contribute about 90% of the
“…Azerbaijan shares more than 80 percent deputy head of Kermanshah’s fire department, country’s foreign exchange earnings, 60% of
economic volume or economic turnout of the Keyvan Maleki, told ISNA, adding that the the revenue, and 8% of GDP, according to
whole region. This indicate that Azerbaijan is authorities were investigating the cause of the Nairametrics.
the economic driving force in the region. We incident.
can mention as an example our transportation
hub linking Europe with Asia,” he said.
“We are now working in different Diesel demand in Turkey
directions with African countries. Furniture,
petrochemical, fertilizer and food industries grows 6.1% in July
are among the areas Azerbaijani investors are
interested to engage with African countries. compared to 8.2% in June
We helped many European countries to be
independent in building their own fertilizer Diesel demand in Turkey over the first 25 days
production. I think Africa is even more of July grew by 6.1% y/y to 1.589mn litres,
suitable than other part of the world. This energy ministry data showed. That compared

P18 www. NEWSBASE .com Week 30 30•July•2020