Middle East
TAQA, JERA collaborate on cogen plant for power to Jubail petrochemical complex (Saudi Arabia)
Abu Dhabi National Energy Company PJSC (TAQA) and JERA Co., Inc announced the successful financial closing of Najim Cogeneration Company Limited, a new industrial steam and electricity cogeneration plant that will produce electricity and steam for a petrochemical complex located in Jubail in the Eastern Province of the Kingdom of Saudi Arabia.
ADNOC deploys pioneering AI-enabled process optimization technology
Following successful initial operations, ADNOC announced the deployment of an industry leading artificial intelligence (AI)-enabled process optimization technology--Neuron 5--across all ADNOC facilities across thousands of critical pieces of equipment essential for production, including compressors, valves and generators.
Iran's president says subsidized fuel prices are irrational
President Masoud Pezeshkian said in a video published on Tuesday that fuel subsidies made no sense in Iran, a major oil producer with a struggling economy that has faced protests in the past over price hikes.
KBR awarded advisory consulting contract for Kuwait Oil Company's renewables and hydrogen masterplan project
KBR has announced it has been awarded an advisory consulting contract by Kuwait Oil Company for the development of a countrywide masterplan for the production of 17 GW of renewables and 25 GW of green hydrogen by 2050.
Aramco to buy stake in JV Petro Rabigh from Sumitomo Chem
Saudi Aramco will buy from Japan's Sumitomo Chemical a 22.5% stake in their petrochemical JV Petro Rabigh for $702 MM, as part of a turnaround plan for the loss-making venture. Under the deal, Aramco and Sumitomo Chemical will each provide $702 MM in funding to Petro Rabigh and waive loans worth a total $1.5 B.
ADNOC signs long-term HOA with Osaka Gas for Ruwais LNG Project
ADNOC announced the signing of a long-term Heads of Agreement with Osaka Gas, one of the largest utility companies in Japan, for the delivery of up to 800,000 tpy of LNG.
Saudi's small crude price hike for Asia shows bigger concerns
Asia's beleaguered oil refiners have received welcome relief on two fronts as crude prices slide and top supplier Saudi Arabia offered some relief.
Masdar, TotalEnergies to develop a commercial green hydrogen-to-methanol-to SAF project in Abu Dhabi
Abu Dhabi Future Energy Company – Masdar, the UAE’s clean energy powerhouse, has signed an agreement with TotalEnergies to assess the viability of developing a commercial green hydrogen (H2) to methanol to sustainable aviation fuel (SAF) project.
Libya's NOC denies it is in talks to supply crude oil to Nigeria refinery
Libya's National Oil Corporation (NOC) has denied holding negotiations to supply crude oil to a refinery in Nigeria.
Clariant's OleMax 260 catalyst delivers strong performance for EQUATE Petrochemical Co.
Clariant announced one-year of successful operation of its novel OleMax 260 catalyst at EQUATE Petrochemical Company’s world-scale steam cracker in Kuwait.
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