Middle East
Indian state refiners may buy Middle East spot oil to replace Russian shortfall
Indian state refiners are considering tapping the Middle East crude market as spot supply from their top supplier Russia have fallen, in a move that could support prices for high-sulfur oil.
Saudi Arabia was top buyer of Russian fuel oil and VGO in November
Saudi Arabia was the top destination for Russian sea-borne fuel oil and vacuum gasoil (VGO) exports in November, according to traders and LSEG data.
Emirates Biotech selects Sulzer Technology to build polylactic acid production facility
Sulzer’s technology has been selected by Emirates Biotech for its upcoming polylactic acid (PLA) production plant in the United Arab Emirates. The facility will be constructed in two phases, each with an annual capacity of 80,000 tons, resulting in a total production capacity of 160,000 tpy.
Global diesel prices to rely on refinery closures for support in 2025
The global diesel market will likely find price support in 2025 from the closure of about 1% of refining capacity, traders and analysts said, offsetting current weakness and structural downward pressure as the world shifts to cleaner fuels.
Aramco, TotalEnergies and SIRC assess the development of SAF unit
Aramco, TotalEnergies and Saudi Investment Recycling Company (SIRC), the major player which collects and valorizes organic materials into sustainable products in Saudi Arabia, have signed a joint development and cost sharing agreement (JDCSA) to assess the development of a sustainable aviation fuels (SAF) production unit in the Kingdom of Saudi Arabia.
Liquid Wind and SAMSUNG E&A partner to accelerate development of eFuel facilities
Liquid Wind and SAMSUNG E&A are entering into a collaboration agreement to accelerate the development of eFuel facilities outside of Europe, in Asia, Africa and the Middle East.
Aramco, SLB and Linde plan to build CCS project
Saudi oil giant Aramco, top oilfield services company SLB and Linde, the world's largest industrial gases company, have signed an agreement to build a carbon capture and storage (CCS) project in Jubail, Saudi Arabia.
Ebara Elliott Energy awarded key contracts for SATORP’S AMIRAL petrochemical complex
Ebara Elliott Energy (EEE) has been selected to supply advanced equipment for SATORP’s Strategic Expansion (AMIRAL) petrochemical complex, located in Jubail on Saudi Arabia’s eastern coast.
Fuel oil smuggling network rakes in $1 B for Iran and its proxies
A sophisticated fuel oil smuggling network that some experts believe generates at least $1 B a year for Iran and its proxies has flourished in Iraq since Prime Minister Mohammed Shia al-Sudani took office in 2022.
Foundation stone laid for 1.2-MMtpy blue ammonia plant in Qatar
The facility consists of a 1.2-MMtpy ammonia production unit, along with an additional unit for CO2 injection and storage, with a capacity of 1.5 MMtpy. QatarEnergy will provide the new plant with more than 35 MW of electricity from the solar power plant currently being built in Mesaieed Industrial City, thereby becoming blue ammonia.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
