Middle East

Hungary's MOL to restart crude exports from Iraq's Kurdistan

MOL expects the crude oil pipeline connecting the region to Turkey's port of Ceyhan to reopen in the coming days.

Veolia to supply technologies for the largest complex industrial water project in the Middle East for SATORP

BAPCO expects to commission 400,000-bpd Sitra refinery in Q4

Bahrain's state oil firm Bapco Energies expects to commission its Sitra refinery expansion in the fourth quarter of this year, and will be looking to buy heavier crudes than it now runs and more LNG

Saudi Aramco, Iraq's SOMO halt crude sales to Indian refiner Nayara

The halting of supply from the two Gulf exporters means Nayara, majority-owned by Russian entities including oil major Rosneft, relied entirely on Russia for its crude oil imports in August.

Khwarizmi reforming catalysts in both mega modules of Kharrazi unit, Mobarakeh Steel Co.

This operation was carried out under unique conditions, as the Kharrazi A Mega Module was the first unit in the country to be designed and executed with a change in reformer tube size from 10 in. to 11 in.

Commercial Bank partners with DHL Express Qatar to launch GoGreen Plus sustainable shipping offer

This offer is anchored in DHL’s GoGreen Plus product, which focuses on reducing the carbon footprint of global logistics by incorporating sustainable aviation fuel (SAF) in the time-definite international shipments.

Iraq raises refining capacity to 1.3 MMbpd

The move should bring Iraq closer to achieving "self-sufficiency of petroleum products", and reduce the burden of importing petroleum derivatives.

India's Reliance makes rare fuel oil purchase from HPCL

Reliance Industries has in recent weeks made rare fuel oil purchases from state-run Hindustan Petroleum Corp. The purchases suggest the operator of the world's largest refining complex is diversifying its fuel oil sources as India comes under heavy pressure from the U.S. over its energy ties with Russia.

India's IOC buys 7 MMbbl of U.S., Middle East crude after Russian oil pause

IOC's large spot crude purchase comes after the arbitrage window for U.S. crude to Asia opened and as Indian state refiners paused buying of Russian crude oil on narrowing discounts.

Trump threatens secondary sanctions on Russian oil exports, tariffs to reach as high as 100%

U.S. President Donald Trump unexpectedly shortened his deadline for hitting Russia with the most severe sanctions on its oil exports to date. While the market has called the president’s bluff thus far, the sheer scale of the threat may force investors to start pricing in this meaningful tail risk.