Economics
Suez Canal and Scatec sign $1.1-B green methanol MoU
Egypt's Suez Canal economic zone and Scatec ASA have signed a memorandum of understanding worth $1.1 B to supply ships with green fuel.
Kuwait's al-Zour refinery now fully operational
Kuwait Integrated Petroleum Industries Company said in a statement that the third and final units at the al-Zour refinery are now operational.
Petroecuador says crude oil output surpasses 400,000 bpd
Ecuador's state oil company Petroecuador said that crude oil output surpassed 400,000 bpd for the first time since January 2021.
Russia's seaborne diesel exports rose in November with the ban lifted and increased production
Seaborne diesel and gasoil exports from Russian ports rose 8.5% in November from a month earlier to about 2.8 Mmt after an export ban was lifted and production grew.
Vietjet and Novus Aviation Capital sign MoUs for aircraft financing, leasing, and SAF development
Vietjet and Novus Aviation Capital have signed Memorandum of Understandings to explore the establishment of an aircraft financing and leasing vehicle as well as collaborating on the supply of SAF in Vietnam alongside SAF One, Novus’s established and dedicated SAF platform.
Alaska Airlines partners with CHOOOSE to empower guests to reduce emissions and support growth of the SAF market
Alaska Airlines announced it is partnering with climate-tech company CHOOOSE to provide new options for sustainability-minded guests to take action on their travel-related carbon emissions by purchasing SAF credits or support nature-based climate projects.
India resumes imports of Venezuelan oil, Reliance seeks direct deal
Indian refiners have resumed Venezuelan oil purchases through intermediaries, with Reliance set to meet executives from state firm PDVSA next week to discuss direct sales following the easing of U.S. sanctions on the South American country.
Brazil's Petrobras cuts jet fuel prices by around 6%
Brazilian state-run oil firm Petrobras lowered the average price of the jet fuel it sells to distributors by around 6%.
thyssenkrupp Uhde won contract for biopolymer plant from Gulf Biopolymers Industries Ltd
thyssenkrupp Uhde has secured a basic engineering package and front-end engineering design package for the establishment of a biopolymer plant on the Arabian Peninsula.
LyondellBasell's polyolefin technology selected for Dongming Shenghai chemical complex in China
LyondellBasell announced that Dongming Shenghai Co., Ltd., will use the LyondellBasell Spheripol, Hostalen Advanced Cascade Process and Lupotech T technologies for its new facility.
- TotalEnergies extends its fuel price cap policy in France until the end of April 4/7
- Navigating the montan wax challenge with renewable alternatives for polymers 4/7
- AFR selects Axens as technology provider for Texas (U.S.) refinery 4/7
- Iran has attacked Saudi Arabia's Jubail petrochemical complex, IRGC says 4/7
- Iran's Marvdasht Petrochemical complex attacked by US and Israel 4/7
- Fluor awarded engineering and design contract for America First Refining's refinery in South Texas 4/7
