Middle East
U.S. piles pressure on Iraq to resume Kurdish oil exports
U.S. President Donald Trump's administration is piling pressure on Iraq to allow Kurdish oil exports to restart or face sanctions alongside Iran.
Egypt signs framework agreement to build $7-B petrochemical complex in New Alamein City
The Egyptian Ministry of Petroleum and Mineral Resources signed a framework agreement with the UK-based Shard Capital for the development of a $7-B petrochemical complex in New Alamein City, Egypt. The project will be developed in collaboration with Saudi Arabia's Al-Qahtani Group.
Alternative Chinese terminals emerge to take in sanctioned tankers
A handful of newer Chinese terminals recently began receiving oil tankers sanctioned by the U.S., according to five sources and shipping data, providing logistics relief after a major port operator unexpectedly banned such deliveries last month.
Wood confirms ADNOC Refining’s capability to produce lower carbon aviation fuel
Wood has confirmed ADNOC Refining’s capability to produce lower carbon aviation fuel, paving the way for its future alignment with International Civil Aviation Organization’s Carbon Offsetting and Reduction Scheme for International Aviation
Digital Exclusive: Executive viewpoint-Recycled plastic used in roads as Aramco adopts the circular economy
This article details how Aramco is using recycled plastic waste in the construction of new highways and the program aims to reduce emissions and costs, while improving the quality of road infrastructure by utilizing circularity principles
Borouge achieved a 24% increase in net profit in 2024, reaching $1.24 B
Borouge achieved a 24% year-on-year increase in net profit to $1.24 billion, driven by record production and sales volumes.
Fire at Iran's Marun Petrochemical Refinery contained, says IRNA
A fire at the waste warehouse of the Marun Petrochemical Refinery in southwest Iran on Tuesday has been put out, IRNA news agency reported, adding that six people suffered minor injuries from the incident.
Samsung E&A awarded EPC contract for 1.8-MMtpy TA'ZIZ Methanol project in the UAE
Samsung E&A received a Letter of Award for the engineering, procurement and construction of the 1.8-MMtpy TA'ZIZ Methanol Project. The contract value is $1.7 B, with a contract duration of 44 months.
IEA comes under pressure from former oil market chief to cut energy transition focus
The International Energy Agency's former oil industry and market chief criticized the agency's focus on the global energy transition in a report released on Wednesday, and said the IEA should concentrate on oil and gas supplies.
Bahri, Petredec partner to meet Saudi Arabia’s growing LPG and ammonia shipping needs
Bahri (The National Shipping Company of Saudi Arabia) and Petredec have agreed to form a strategic partnership aimed at addressing Saudi Arabia’s increasing LPG and ammonia shipping demands.
- Kumho Mitsui Chemicals to increase capacity of MDI production facilities 12/15
- ABS, Eneos, NYK Line and Seacor Holdings launch joint study to develop a methanol marine fuel supply network in the U.S. 12/15
- ENEOS accelerates AI-driven materials discovery of immersion cooling fluids and novel catalysts Using NVIDIA ALCHEMI 12/15
- SAMSUNG E&A wins FEED contract for nearly $5-B SAF plant in the U.S. 12/15
- KBR wins green ammonia project by IGNIS in Spain 12/15
- Phillips 66 announces $2.4-B capital budget for 2026 12/15
