Middle East

Five energy market trends to track in 2026, the year of the glut

This past year was a wild one for the oil and gas industry, punctuated by the 12-day Israel-Iran war in June, U.S. President Donald Trump's trade wars, the intensified targeting of energy infrastructure in Russia in its war against Ukraine, OPEC’s often perplexing production decisions and the recently threatened U.S. blockade of Venezuela.

Egypt, Qatar's Al Mana Holding sign $200-MM SAF deal

The project will be developed in three phases and will span 100,000 m2 in the Integrated Sokhna Zone on Egypt's Red Sea coast.

Bahrain's BAPCO sends first diesel cargo to Australia in 2.5 yrs

Around 400,000 bbl of diesel were loaded on the Torm Kirsten during December 9–11 from BAPCO's Sitra refining site, Kpler and Vortexa shiptracking data showed, while 140,000 bbl more were loaded via ship-to-ship transfers with the vessel Zonda.

Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts

OQ courts other partners for petrochemical complex in Oman as SABIC drops out

Borouge and Borealis launch Recleo™, a global brand for cost-effective mechanically recycled solutions

ProSep to supply annular injection mixers technology to Saudi Arabian plant

Air Products and Yara to partner on low-emission ammonia projects

World-leading hydrogen supplier and global industrial gases company Air Products and world-leading crop nutrition and ammonia company Yara International ASA are working to combine Air Products’ industrial gas capabilities and low-emission hydrogen with Yara’s ammonia production and distribution network.

Exxon, Aramco, Samref to explore major upgrade of Yanbu refinery

The companies intend to explore capital investments to upgrade and diversify production, including high-quality distillates that result in lower emissions and high-performance chemicals.

UAE's Brooge Petroleum to perform pre-project planning for Fujairah gasoline plant

The proposed refinery would be the first in the region to upgrade naphtha into Euro 5-grade gasoline, with the first phase projected to produce an initial 15,000 bpd.