Page 1 - DMEA Week 07 2022
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Issue 527 17•February•2022 Week 07
IPO considered for Borouge
Borouge is the next on ADNOC’s IPO list as its strategy of monetising assets
and affiliates makes its way further down the value chain.
Dealing with discontent
Nigeria’s attempt to avoid labour unrest and consumer discontent by keeping
the gasoline subsidy in place indefinitely backfires.
amco Trading signs Red Sea deal
Ar
Aramco Trading this week signed a non-binding deal to supply crude oil to a
new downstream facility in Egypt with an offtake provision.
Sapref to shut, state considers move
BP and Shell plans to suspend operations at South Africa’s Sapref refinery
indefinitely, saying they cannot commit to further expenditures.
