Middle East
Sealmatic partners with Saudi Thalate in Saudi Arabia
Sealmatic India Ltd. has signed an agency agreement with Saudi Thalate General Manufacturing Industrial Co. Ltd., marking a significant step in the company's expansion into the Kingdom of Saudi Arabia.
Fewer tankers transit the Red Sea in 2024
The amount of crude oil and oil products flowing through the Bab el-Mandeb, the southern chokepoint at the mouth of the Red Sea, decreased by more than 50% in the first eight months of 2024.
TotalEnergies expands global LNG bunkering footprint
TotalEnergies has signed a charter contract with Spanish shipowner Ibaizabal for a new LNG bunker vessel of 18,600 m3 capacity. This new vessel will expand the Company’s global presence in bunkering hubs.
QatarEnergy signs 20-yr naphtha supply deal with Shell
QatarEnergy has entered into a long-term naphtha supply agreement with Shell, supplying up to 18 MMt of naphtha over 20 years from April 2025.
Iraq's Kerbala refinery non-operational due to maintenance
Iraq's Kerbala refinery is under extensive maintenance and has been non-operational since Sept. 25, knocking out 150,000 bpd of processing capacity.
Borouge partners with Inion Pipes Industry to support circular economy with recycled polyolefins
Borouge Plc., a leading petrochemical company known for its innovative and differentiated polyolefin solutions, today announced the signing of an AED20-MM ($5.45-MM) agreement with Union Pipes Industry (UPI), a leading UAE-based manufacturer, to supply UPI with 100% post-consumer recycled (PCR) polypropylene that will be used to produce customized pallets for Borouge’s logistics operations.
Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 B
Abu Dhabi's ADNOC has struck a deal to buy German chemicals maker Covestro for €14.7 B ($16.3 B), including debt, in the energy giant's biggest ever acquisition.
Deliver sustainable benefits through site-wide process digital twins
Refiners have used offline process models for decades. The next generation of solutions is anticipated to operate automatically, integrate with legacy systems and provide transparency site-wide.
ABP awards CONSER tech licensing contract for 50,000-tpy maleic anhydride plant in Oman
MAIRE announced that NEXTCHEM (Sustainable Technology Solutions), through its subsidiary CONSER, has been awarded by Al Baleed Petrochemical Company the technology licensing, the process design package and catalyst supply for a 50,000-tpy maleic anhydride plant in the Salalah Free Zone, Oman.
Global refiners face profit slump as new plants come online
Oil refiners in Asia, Europe and the U.S. are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic and underlining the extent of the current slowdown in global demand.
- Russia to aid hurricane-hit Cuba with diesel fuel 11/8
- SABIC opens ULTEMâ„¢ resin manufacturing facility in Singapore 11/8
- U.S. refiners hold output at high levels as fuel inventories sag 11/8
- Catalyxx secures $5.8-MM Series A equity round to advance green chemistry technology 11/8
- Neste changes its guidance due to unplanned shutdown of Rotterdam refinery 11/8
- Repsol launches Nexa, the commercial brand of its 100% renewable premium diesel in service stations 11/8