Middle East
Industry Metrics
US gasoline demand contributed to falling inventories. Operational problems at several refineries and the potential impact of a tropical storm strengthened margins.
Moody’s predicts sustained negativity for refining industry
Moody's outlook for the refining and marketing industry in North America and Europe, the Middle East and Africa remains negative.
Nuberg wins $20 MM EPC contract for Calcium Chloride Plant in Egypt
Nuberg, has won a calcium chloride plant project on EPC & LSTK basis in Port Said, Egypt from TCI Sanmar Chemicals.
Asia fuel oil discount to Dubai crude at narrowest in eight months
Boosted by supply constraints and lower global inventories, the discount of 180-centistoke fuel oil in Asia to Dubai crude oil is at its narrowest in almost 8 months.
Amarinth delivers API 610 VS4 pumps for STAR refinery in Turkey
Amarinth has delivered its first order of exotic alloy API 610 VS4 pumps for use in the STAR in Turkey.
Siemens manufactures world’s largest geared compressor rotor for Jazan IGCC
Siemens has manufactured and tested the largest geared compressor rotor in the world at its facility in Duisburg, Germany.
SOCAR Polymer to use INEOS HDPE process for Azerbaijan project
INEOS Technologies has licensed its Innovene S process for SOCAR Polymer’s HDPE project in Sumgait, Azerbaijan.
Saudi Aramco contains fire at Ras Tanura, eight injured
Eight workers were injured in a fire of unknown origin at Saudi Aramco’s Ras Tanura terminal.
India to buy 6 MMbbl of Iran oil for emergency reserves
India is set to buy 6 MMbbl of Iranian crude for its strategic oil reserves as negotiations with the United Arab Emirates' national oil company for supplies are stuck over commercial terms.
Technip awarded EPC contract for ENOC refinery expansion
Technip will serve as the main EPC contractor for Emirates National Oil Co.’s $1 B expansion of its Jebel Ali refinery.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
