Middle East

Aramco’s gas strategy builds momentum with major progress towards growth target

Saudi Aramco sells first Jafurah condensate cargoes to U.S. firms, India

The Jafurah project, estimated to contain 229 Tsft3 of raw gas and 75 Bbbl of condensate, is central to Aramco's ambitions to boost its gas output to become a major global natural gas player and to expand its offerings of light crude grades.

Fire at Baiji refinery contained, Iraq's Somo says

Hengli Petrochemical sets up Dubai trading subsidiary in expansion

Fertiglobe, Covestro and TA’ZIZ sign MoU to explore strategic ammonia collaboration

S-Oil signs nearly $4-B PE marketing deal with SABIC

OQ and Kuwait Petroleum sign PDA for Duqm petrochemical complex project

UAE and Germany deepen energy ties as German Chancellor visits ADNOC HQ

The visit builds on the €14.7-B investment to support Covestro’s long-term growth as a German industrial champion by XRG, ADNOC’s international energy investment company, and underscores ADNOC’s central role in advancing the UAE-Germany strategic energy partnership.

Record January fuel oil exports from Kuwait's al-Zour refinery weigh on Asian market

The surge in supply from Kuwait, a major fuel oil exporter, will boost availability in bunkering hubs such as Singapore and weigh on prices in Asia.

China's teapots buy Iranian oil to replace Venezuelan supply

Venezuelan shipments to China have fallen sharply since mid-December after U.S. President Donald Trump imposed a blockade on sanctioned ships, part of a campaign against President Nicolas Maduro which culminated in his capture by U.S. forces on January 3.