Middle East
QatarEnergy signs 20-yr naphtha supply deal with Shell
QatarEnergy has entered into a long-term naphtha supply agreement with Shell, supplying up to 18 MMt of naphtha over 20 years from April 2025.
Iraq's Kerbala refinery non-operational due to maintenance
Iraq's Kerbala refinery is under extensive maintenance and has been non-operational since Sept. 25, knocking out 150,000 bpd of processing capacity.
Borouge partners with Inion Pipes Industry to support circular economy with recycled polyolefins
Borouge Plc., a leading petrochemical company known for its innovative and differentiated polyolefin solutions, today announced the signing of an AED20-MM ($5.45-MM) agreement with Union Pipes Industry (UPI), a leading UAE-based manufacturer, to supply UPI with 100% post-consumer recycled (PCR) polypropylene that will be used to produce customized pallets for Borouge’s logistics operations.
Abu Dhabi's ADNOC to buy German chemicals firm Covestro for $16 B
Abu Dhabi's ADNOC has struck a deal to buy German chemicals maker Covestro for €14.7 B ($16.3 B), including debt, in the energy giant's biggest ever acquisition.
Deliver sustainable benefits through site-wide process digital twins
Refiners have used offline process models for decades. The next generation of solutions is anticipated to operate automatically, integrate with legacy systems and provide transparency site-wide.
ABP awards CONSER tech licensing contract for 50,000-tpy maleic anhydride plant in Oman
MAIRE announced that NEXTCHEM (Sustainable Technology Solutions), through its subsidiary CONSER, has been awarded by Al Baleed Petrochemical Company the technology licensing, the process design package and catalyst supply for a 50,000-tpy maleic anhydride plant in the Salalah Free Zone, Oman.
Global refiners face profit slump as new plants come online
Oil refiners in Asia, Europe and the U.S. are facing a drop in profitability to multi-year lows, marking a downturn for an industry that had enjoyed surging returns post-pandemic and underlining the extent of the current slowdown in global demand.
Stamicarbon awarded technology and PDP contracts for urea plant in Egypt
MAIRE announced that NEXTCHEM (Sustainable Technology Solutions), through its subsidiary Stamicarbon, has been awarded the licensing and the process design package for the upgrade and expansion of El Delta Company for Fertilizer and Chemical Industries’ urea plant in Talkha, Egypt.
Aramco signs agreements with Rongsheng and Hengli Group
Aramco has signed a Development Framework Agreement with Rongsheng Petrochemical Co. Ltd. and a Strategic Cooperation Agreement with Hengli Group. This agreements focus on the possible expansion of Saudi Aramco Jubail Refinery Company (SASREF) facilities and the possible acquisition of a 10% stake in Hengli Petrochemical Co., Ltd.
Shell to leverage proprietary structural performance management software for various facilities
Under this agreement, Shell will leverage Akselos’ Structural Performance Management (SPM) software to monitor the structural health of critical assets across the Shell portfolio in near real-time. Akselos’ SPM software will help enable Shell to optimize the lifecycle of critical assets safely and sustainably.
- NAPCOR releases 2024 PET recycling report highlighting system efficiency gains and continued strength of PET circularity 12/12
- OQ courts other partners for petrochemical complex in Oman as SABIC drops out 12/12
- Brazil's BNDES approves $71 MM for carbon storage project 12/12
- Cuba on edge as U.S. seizure of oil tanker puts supply at risk 12/12
- China oil demand to plateau between 2025 and 2030 12/12
- Germany's PCK refinery says no impact from pipeline leak 12/12
