Middle East
Global Project Data
Gulf Energy Information’s Global Energy Infrastructure database is tracking nearly 1,050 active projects in the HPI.
Egypt to import more mazut fuel oil to manage power cuts
Egypt will import $250 MM up to $300 MM worth of mazut fuel oil to manage power cuts, Egyptian Prime Minister Moustafa Madbouly said.
Saudi Arabia expected to extend voluntary oil cut for September, analysts say
Saudi Arabia is expected to extend a voluntary oil output cut of 1 million barrels per day for another month to include September, five analysts said, to provide additional support for the oil market.
Fire at Kuwait's Mina al-Ahmadi refinery put out
Firefighters managed to put out a fire in one of the bitumen production unit's lines at Kuwait's Mina al-Ahmadi oil refinery, Kuwait National Petroleum Company said in a statement.
UN starts removing oil from decaying tanker near Yemen in Red Sea
The United Nations said it had started the removal of more than 1 million barrels of oil from a decaying supertanker off Yemen's Red Sea coast in a complex operation it hopes will ward off a regional disaster.
G20 bloc fails to reach agreement on cutting fossil fuels
The Group of 20 (G20) major economies meeting in India failed to reach consensus on phasing down fossil fuels following objections by some producer nations.
Iran denies oil on tanker seized by Indonesia belongs to Tehran
Iran said the oil cargo of an Iranian-flagged supertanker seized by Indonesia last week does not belong to Tehran, Iranian state media reported.
Aramco completes $3.4 B purchase of Rongsheng Petrochemical stake
Aramco has successfully closed a landmark transaction to acquire a 10% interest in Rongsheng Petrochemical Co. Ltd. for $3.4 B through its subsidiary Aramco Overseas Company BV, based in the Netherlands.
Iraq and Lebanon sign MoU on Iraq providing Lebanon with fuel oil and crude oil
Iraq and Lebanon signed a memorandum of understanding (MoU) on Iraq providing Lebanon with fuel oil and crude oil, the Iraqi state news agency INA reported
Iraq's massive Total oil deal heralds new revenue-sharing formula
Iraq secured its $27-B oil deal with France's TotalEnergies by offering quicker, less risky payback through greater revenue-sharing, a model it could replicate in the future to lure investors.
- SunGas Renewables, C2X partner to expand green methanol production capacity in North America 5/14
- HIF Global secures nearly $165-MM in investments to develop eFuels 5/14
- Ethylene downcycle puts nearly 25% of capacity at risk of closure 5/14
- GCC industry leaders solidify commitment toward plastic circularity 5/14
- ADNOC delivers first bulk shipment of CCS-enabled, low-carbon ammonia to Japan 5/14
- Signature Aviation to offer only blended Neste MY SAF for business aviation customers at LAX terminal 5/14
