Middle East

ADNOC signs two strategic collaboration agreements with Indian partners

The agreements build on ADNOC’s expanding partnerships with Indian companies across crude, LNG and LPG supply, as well as energy storage opportunities, supporting India’s growing energy demand and long-term economic growth.

Iran, Ukraine wars deliver worst hit in years to oil refining output

Tightened supply has forced refiners, traders and retailers to tap crude and fuel inventories to meet demand.

Vietnam state oil company urges U.S. Navy to allow tanker through blockade

The U.S. military has expanded its shipping blockade on Iran to include cargoes deemed contraband, although it has said other oil exports from the Gulf are free to sail through.

U.S. EIA concedes Middle East supply disruptions are far worse than prior estimates

Iran's blockade of the Strait of Hormuz continues to wipe off millions of barrels of global oil supply every day the conflict drags on.

Jordan commits $1 B to launch first green ammonia export hub in Aqaba

Jordan signs a $1-B agreement to develop its first utility-scale green ammonia facility in Aqaba, marking a major step into the global hydrogen economy and clean energy exports.

Azerbaijan's State Oil Company redirects supplies of jet fuel from STAR refinery to Turkish domestic market

SOCAR Turkiye Enerji (the Turkish subsidiary of the State Oil Company of the Azerbaijani Republic, SOCAR) has been fully directing the jet fuel produced at the STAR refinery to the Turkish domestic market in recent months amid the global energy crisis and tensions around the Strait of Hormuz.

Hungry to sell, UAE slips hidden oil tankers through Strait of Hormuz

The volumes are a fraction of the UAE's typical exports before the U.S.-Israeli war on Iran but they demonstrate the risks the producer and buyers are willing to take to free up oil sales.

TA’ZIZ announces $2 B in financing for UAE’s first world-scale methanol plant

Equinor: Iran war lifts Asia-Pacific interest for Norwegian petroleum products, LNG

The conflict has effectively closed the Strait of Hormuz, a choke point for energy exports from producers in the Gulf, especially affecting clients in Asia.

TA'ZIZ secures $28.5 B in agreements to expand UAE's chemicals infrastructure