Middle East
Proactive Decision-Making for Emissions Management: The Roadmap to Net Zero
Industry leaders have committed to achieving net-zero carbon emissions by 2050.
OMV, ADNOC to iron out terms of deal for chemicals tie-up
Abu Dhabi National Oil Co and Austria's OMV are poised to resume talks to agree final terms of a tie-up that would create a chemicals group with more than $20 B in combined annual sales.
Saudi's SABIC gives go-ahead for $6.4-B China petrochemical plant
Saudi Basic Industries Corp will go ahead with building a petrochemical complex in southeastern China's Fujian province, shoring up Saudi ties with China, the world's top oil importer.
Innovative approach to accelerating the startup of a gasoline block and associated units at Saudi Aramco’s Jazan refinery complex
This article elaborates on the startup of a refinery’s heavy naphtha reforming unit with an alternative approach to the initial unit design, including an evaluation of several startup techniques to ensure the adequacy and practicality of the selected option.
Global Project Data
Gulf Energy Information’s Global Energy Infrastructure (GEI) database is tracking nearly 1,100 active projects in the hydrocarbon processing industry (HPI).
Two diverted oil tankers enter Red Sea but disruptions continue
Two oil tankers that had diverted away from the Red Sea have turned back and passed through the Bab al-Mandab Strait, ship-tracking data shows, though tensions in the region continued to disrupt global shipping and trade.
Proman and Bahri Chemicals to time-charter two methanol-powered ships
Proman and Bahri have announced a five-year agreement for Bahri Chemicals, a Bahri business unit, to time-charter two methanol-powered ships, Stena Provident and Stena Progressive, to transport various products globally.
Naphtha markets brace for margin squeeze amid supply glut in 2024
Global naphtha markets will likely suffer from lower profit margins in 2024 as refining and petrochemical capacity expansions in China and the Middle East outpace plastics demand growth globally.
Marine fuel sales fall at UAE's Fujairah in 2023, third largest bunker hub
Sales of marine fuel at the United Arab Emirates' Fujairah dropped by 7.1% in 2023, data showed, though the port retained its position as the world's third largest bunker hub.
LYB enters into agreement to acquire 35% of Saudi Arabia-based NATPET; expands core PP business
LyondellBasell announced it entered into an agreement to acquire a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company from Alujain Corporation for approximately $500 MM.
- ADNOC takes FID, awards $5 B in contracts for Phase 1 of its Rich Gas Development project 6/10
- Honeywell, Johnson Matthey, Gidara Energy and Samsung E&A form SAF technology alliance 6/10
- The U.S. produced more energy in 2024 than ever before 6/10
- Japan’s Taiyo Oil buys first Russian crude in more than two years on government request 6/10
- TRE HOLDINGS, Mitsubishi Gas Chemical to study feasibility of using woody biomass and waste to produce green methanol in Japan 6/10
- Honeywell completes acquisition of Sundyne to expand process industry capabilities 6/10
