Europe
Bulgaria’s anti-monopoly group raids fuel sellers
The competition authority launched a full investigation after an analysis of the EU country's fuel sector between 2013 and 2015. It found that the retail price policies of the seven companies were very similar and too slow to reflect falls in wholesale and production prices.
Global chemicals output shows monthly growth
During February, chemical production rose in North America, Western Europe, and Asia-Pacific; was flat in Africa & the Middle East; and fell in Latin America and Central and Eastern Europe.
Nigeria secures $200MM from oil majors to help pay for fuel imports
Africa's top producer, which needs to import most of its fuel needs, suffers from hard currency shortages due to a slump in oil revenues. For weeks, motorists have been queuing at petrol stations.
UK’s Coryton fuel terminal opens as glut grows
The terminal is due to be filled to its current capacity of 176,000 cubic meters with fuel, predominantly to serve the London region and southeast England, Thames Oilport said in a statement.
Russia’s Sibur, Sinopec eye gas-chemical project
In December, Sinopec paid $1.338 billion for a 10% stake in Russia-based Sibur and said it planned to acquire an additional 10% within three years.
Business Trends: Global petrochemical overview—Part 1
This series examines the global petrochemical landscape, new project developments and regional outlooks.
Global Project Data
This month’s installment of Global Project Data focuses on the global petrochemical sector.
Gazprom teams with OMV for expansion of Nord Stream gas pipeline
Gazprom wants to bypass Ukraine by expanding a network of undersea pipelines, primarily Nord Stream, which runs via the Baltic Sea to Germany.
Nigerian leader criticizes state petroleum minister over fuel shortages
An economic crisis caused by low oil prices has created shortages because fuel importers cannot get the dollars needed to buy petrol and the state oil firm has not been able to sign agreements quickly enough to exchange crude oil for gasoline.
Nigeria holds talks with Chevron, Total and Eni to revamp refineries
The West African nation has been trying to restart its outdated refineries in Port Harcourt, Warri and Kaduna to end its dependency on costly fuel imports.
- China's first coal-to-chemicals project with green hydrogen starts commercial operations 11/20
- Norsk e-Fuel and Braskem partner to turn captured carbon into long-lasting products 11/20
- Nigeria's Dangote refinery delays CDU maintenance to end of January 2026 11/20
- Technimont attends ground-breaking ceremony of Tengiz Gas separation Complex in Kazakhstan 11/20
- 42% of U.S. energy/critical infrastructure providers exposed to weaponized AI and email attacks 11/20
- EIA: U.S. crude stocks fall on higher demand, fuel inventories rise 11/20
