Middle East
Five energy market trends to track in 2026, the year of the glut
This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June, U.S. President Donald Trump's trade wars, the intensified targeting of energy infrastructure in Russia in its war against Ukraine, OPEC’s often perplexing production decisions and the recently threatened U.S. blockade of Venezuela.
Egypt, Qatar's Al Mana Holding sign $200-MM SAF deal
The project will be developed in three phases and will span 100,000 m2 in the Integrated Sokhna Zone on Egypt's Red Sea coast.
Bahrain's BAPCO sends first diesel cargo to Australia in 2.5 yrs
Around 400,000 bbl of diesel were loaded on the Torm Kirsten during December 9–11 from BAPCO's Sitra refining site, Kpler and Vortexa shiptracking data showed, while 140,000 bbl more were loaded via ship-to-ship transfers with the vessel Zonda.
Air Products and Yara to partner on low-emission ammonia projects
World-leading hydrogen supplier and global industrial gases company Air Products and world-leading crop nutrition and ammonia company Yara International ASA are working to combine Air Products’ industrial gas capabilities and low-emission hydrogen with Yara’s ammonia production and distribution network.
- Saudi's SABIC sells assets in Europe, Americas worth $950 MM 1/8
- Outokumpu to collaborate with Norsk e-Fuel to convert carbon side streams into eSAF 1/8
- Haffner Energy and IGNIS P2X launch bio/eSAF project AeroVerde in Spain 1/8
- Corteva and bp launch biofuel feedstock joint venture Etlas™ 1/7
- BASF starts up 1-MMtpy ethane cracker at Verbund site in Zhanjiang, China 1/7
- Larsen & Toubro delivers first feed to HPCL's 3.55-MMtpy LC-Max residue upgrading facility 1/7
