Middle East
Iran authorities seize two vessels carrying 'smuggled fuel' in Gulf
Iranian Revolutionary Guards seized two Tanzanian-flagged vessels allegedly carrying 1.5 MM liters of "smuggled fuel" in the Gulf
India, Saudi Arabia exploring joint refinery, petrochemical projects
India and Saudi Arabia are exploring joint projects in refineries and petrochemicals, Indian Prime Minister Narendra Modi told Arab News in an interview.
China-U.S. trade war redrawing global LPG trading, outlook
The global liquefied petroleum gas (LPG) market is facing an upheaval as high tariffs on U.S. imports force Chinese buyers to swap American cargoes for alternatives from the Middle East, while U.S. shipments divert to Europe and elsewhere in Asia.
Rönesans Holding closes financing on $2-B PP production plant in Türkiye
Rönesans Holding, one of Türkiye’s largest contracting and investment conglomerates, has closed the financing to progress the development of a major new polypropylene (PP) production plant and terminal facility, which will be one of the largest private sector industrial investments in Türkiye.
Saneg launches a company to develop business in the aviation fuel segment
Uzbekistan oil and gas company Saneg announced the creation of a new subsidiary - Saneg JetWhites, which will become an operator for the sale of aviation fuel of both domestic and imported production. The new brand will be part of Saneg's strategic direction to enter the aviation fuel market and strengthen its position in high-tech segments of the oil and gas industry.
OQ, Royal Vopak partner to accelerate development of Duqm as an integrated industrial hub
OQ, spearheading the development of Duqm in Oman as a premier integrated hub for hydrocarbons, chemicals, and low-carbon products, and Royal Vopak entered into an exclusive partnership framework agreement in the Special Economic Zone at Duqm (SEZAD). This is a significant step for a strategic alliance that aims to unlock future growth opportunities in industrial and energy terminal infrastructure and sustainable energy transition facilities in SEZAD.
Samsung E&A awarded contract for polylactic acid plant in the UAE
SAMSUNG E&A has announced that it is the contractor for its upcoming polylactic acid (PLA) production plant in the United Arab Emirates. The strategic project, officially named Falcon PLA Project, will deliver a cutting-edge facility producing a biodegradable and environmentally friendly plastic alternative and solidifies Emirates Biotech commitment to environmental responsibility and innovation.
Kuwait commences merger of state oil firms KNPC and KIPIC
Kuwait has begun taking executive steps to merge two of its state-owned oil firms, news agency Kuna reported on Tuesday, as the OPEC producer seeks to restructure its energy industry.
Axens completes site expansion to produce hydrogenation tail gas treatment catalysts in Saudi Arabia
The expansion of Axens Catalyst Arabia Limited comprises an additional capacity for Axens to manufacture tail gas treatment catalysts on site.
U.S. targets China oil storage terminal in new Iran-related sanctions
The Trump administration imposed sanctions on Iranian oil trading networks on Thursday, including on a China-based crude oil storage terminal linked via a pipeline to an independent refinery, just days before talks between the U.S. and Iran.
- Dow Chemical delays construction on multi-billion-dollar Path2Zero project in Fort Saskatchewan, Alberta, Canada 4/25
- Asahi Kasei, Nobian, Furuya Metal and Mastermelt commence joint project to recycle metals, signaling a milestone towards circularity in the chlor-alkali industry 4/25
- India's Delhi plans to curb gasoline car sales, ban gas-guzzling bikes to shed polluter tag 4/25
- Automakers rush to meet surging China demand for long-range hybrids 4/25
- Aster Chemicals to bid for ExxonMobil's Singapore fuel stations 4/25
- Wärtsilä, Höegh Evi and partners complete development of world’s first floating ammonia-to-hydrogen cracker 4/25
