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Middle East

Iran's oil minister traveling to Venezuela for talks on refining, petrochemicals

The ministers plans to discuss joint refining, engineering and petrochemical projects, including the overhaul of Venezuela's refineries

Return of U.S. oil sanctions on Venezuela to hit revenue, fuel imports

The return of U.S. sanctions on Venezuela's oil and gas sectors would hurt the OPEC country's ability to collect cash from its oil exports, crimp new energy investments and raise the risks of domestic fuel scarcity.

Red Sea worries cause spike in refined fuel prices, but market will adjust

The main impact from the escalating tensions in the Middle East and the threat to ships transiting the Red Sea isn't on crude oil prices, but rather on the heightened vulnerability of refined fuels.

Borouge 4 construction surpasses 50% completion milestone

Borouge announced that the Borouge 4 project, one of the largest industrial projects underway in the UAE, is over 50% complete.

Uganda in talks with UAE investment firm over planned oil refinery

Uganda is negotiating with an investment company led by a member of Dubai's royal family to develop a planned $4-B refinery for some of its crude oil.

UAE's ADNOC sells more fuel oil from Ruwais refinery in January

UAE's Abu Dhabi National Oil Company has sold more straight-run fuel oil from its Ruwais refinery complex this month via private sales.

Proactive Decision-Making for Emissions Management: The Roadmap to Net Zero

Industry leaders have committed to achieving net-zero carbon emissions by 2050.

OMV, ADNOC to iron out terms of deal for chemicals tie-up

Abu Dhabi National Oil Co and Austria's OMV are poised to resume talks to agree final terms of a tie-up that would create a chemicals group with more than $20 B in combined annual sales.

Saudi's SABIC gives go-ahead for $6.4-B China petrochemical plant

Saudi Basic Industries Corp will go ahead with building a petrochemical complex in southeastern China's Fujian province, shoring up Saudi ties with China, the world's top oil importer.

Innovative approach to accelerating the startup of a gasoline block and associated units at Saudi Aramco’s Jazan refinery complex

This article elaborates on the startup of a refinery’s heavy naphtha reforming unit with an alternative approach to the initial unit design, including an evaluation of several startup techniques to ensure the adequacy and practicality of the selected option.