Refining
Ship carrying Russian naphtha to India in limbo after U.S. sanctions
Following new Ukraine-related U.S. sanctions on Russia last week, Indian refiners said they were ready to sharply curtail Russian oil imports, as New Delhi already faces punishing 50% tariffs on its exports to the United States.
Bulgaria restricts fuel exports to EU following Lukoil sanctions
The ban will not apply to the refueling of domestic and foreign ships, aircraft and deliveries to the armed forces of European Union and NATO member states.
Russia-backed sanctioned Indian refiner boosts crude runs to 90%
Oil processing at Nayara's 400,000-bpd western India plant dropped to 70%–80% after the EU sanctioned it in July, denting its exports and leading suppliers such as Iraq and Saudi Arabia to halt crude sales to the company.
Portugal's chemicals sector needs to spend $35 B on decarbonization, industry group says
The sector currently invests an average of around €1 B per year in growth, manufacturing processes, and energy efficiency, but only a portion is targeted at decarbonization.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
