Middle East
India's IOC buys 7 MMbbl of U.S., Middle East crude after Russian oil pause
IOC's large spot crude purchase comes after the arbitrage window for U.S. crude to Asia opened and as Indian state refiners paused buying of Russian crude oil on narrowing discounts.
Trump threatens secondary sanctions on Russian oil exports, tariffs to reach as high as 100%
U.S. President Donald Trump unexpectedly shortened his deadline for hitting Russia with the most severe sanctions on its oil exports to date. While the market has called the president’s bluff thus far, the sheer scale of the threat may force investors to start pricing in this meaningful tail risk.
U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses
The shake-up in trade flows reflects a shortage of medium and heavy crude grades at the key Gulf Coast refining hub, which has struggled in recent months to secure adequate supplies amid Mexican production and quality challenges, and Washington's pressure strategy on Venezuela's sanctioned energy industry.
Saudi Arabia solidifies international partnerships to export renewable energy, green H2 to Europe
The agreements and MoUs were signed during the Renewable Energy and Green Hydrogen Export Workshop, led by ACWA Power under the supervision of the Ministry of Energy.
U.S. firms to develop Syria energy masterplan after Trump lifts sanctions
U.S.-based firms Baker Hughes, Hunt Energy and Argent LNG will develop a masterplan for Syria's oil, gas and power sector, in a partnership aimed at rebuilding energy infrastructure shattered by 14 years of civil war.
KBR wins FEED contract for KEPPT’s fertilizer facility in Iraq
KBR has been awarded a front-end engineering design (FEED) contract for the development of an ammonia and urea production plant by KAR Electrical Power Production Trading FZE (KEPPT) in Basra, Iraq.
Trump's sanctions threat looms over Russian oil exports to China, India and Turkey
U.S. President Donald Trump threatened to hit buyers of Russian exports with sanctions unless Russia agrees to a peace deal over the conflict in Ukraine, potentially complicating Moscow's oil sales to China, India and Turkey.
Saudi Arabia, Indonesia sign several deals worth around $27 B
Saudi Arabia and Indonesia signed several deals and memorandums of understanding worth around $27 B between private sector institutions in fields including clean energy and petrochemicals, Saudi state news agency SPA reported.
Digital Feature: The critical interdependency of relief valve analysis and flare system considerations during HAZOP
Hazard and operability (HAZOP) studies are a systematic and structured methodology used to identify potential hazards and operability issues in industrial processes. One of the key safeguards often considered in HAZOP studies is pressure relief valves and flare systems to mitigate overpressure scenarios.
Studi Tecnologie Progetti S.p.A. signs agreement to upgrade Attock refinery in Pakistan for $600 MM
Studi Tecnologie Progetti S.p.A. announced that it has signed a $600-MM contract with Attock Refinery Ltd. for the modernization of the Rawalpindi refinery in Pakistan.
- SIBUR develops new polyethylene grade for FMCG packaging 8/13
- L&T Energy GreenTech partners with Japan’s ITOCHU for 300,000-tpy green ammonia project 8/13
- VINCI wins major contract for innovative biofuels plant in Spain 8/13
- Orlen Unipetrol to shut ethylene unit at Litvinov plant for several days 8/13
- Dangote Refinery cuts fuel price before planned sales to local Nigerian market 8/13
- Chevron Phillips Chemical completes low-viscosity PAO expansion in Belgium 8/12
