Middle East
Asian refiners face diesel supply glut in 2024
Diesel supply in Asia is set to jump in 2024 fueled by new refineries in the Middle East and robust exports from China, and is likely to outpace the region's world-leading demand growth.
Brazil's Petrobras mulls Mubadala refining partnership
Brazilian state-run oil company Petrobras said it will analyze a proposal from Abu Dhabi sovereign investor Mubadala on creating a strategic refining and biorefining partnership in the northeastern state of Bahia.
Disruptions in Red Sea unlikely to have large effects on oil, LNG
The disruption to energy flows in the Red Sea is unlikely to have large effects on crude oil and LNG prices as vessel redirection opportunities imply that production should not be directly affected.
Nextchem awarded new project in the UAE for the transformation of solid waste into SAF
Maire announces that Nextchem, through its subsidiary MyRechemical, has been awarded a feasibility study for the integration of its proprietary Waste-to-Syngas technology in a large-scale conversion plant that would transform solid municipal waste into SAF.
ADNOC to acquire OCI’s stake in Fertiglobe
Abu Dhabi National Oil Company P.J.S.C. and OCI Global, announced that they have entered into a sale and purchase agreement for the acquisition by ADNOC of OCI’s entire majority shareholding in Fertiglobe plc.
Fire breaks out at refinery in Iranian city of Isfahan
A fire at a crude oil distillation unit at a refinery in the central Iranian city of Isfahan injured four people.
OMV, ADNOC close to agreeing deal for chemicals company tie up
Abu Dhabi National Oil Co is closing in on a deal with Austria's OMV to combine two entities in which the companies own stakes to create a chemicals giant.
Aramco to acquire a 40% stake in Gas & Oil Pakistan
Aramco, one of the world’s leading integrated energy and chemicals companies, signed definitive agreements to acquire a 40% equity stake in Gas & Oil Pakistan Ltd.
Tanker in Red Sea targeted by speedboat gunfire and missiles
A tanker in the Red Sea off Yemen's coast was fired on by gunmen in a speedboat and targeted with missiles, maritime sources said, the latest incident to threaten the shipping lane after Yemeni Houthi forces warned ships not to travel to Israel.
Solvay and ENOWA plan to build first carbon-neutral soda ash plant in NEOM before 2030
Solvay is partnering with ENOWA, NEOM’s energy and water company, to establish the world’s first carbon-neutral soda ash production facility in NEOM, Saudi Arabia.
- Indian Oil buys first Colombian oil under Ecopetrol contract 12/31
- Ukrainian drone attack sparks fire, damages equipment at Tuapse refinery 12/31
- Chile's $2.5-B Volta green ammonia project wins environmental permit 12/31
- China begins issuing second batch of 2026 crude import quotas to refiners 12/31
- EIA: U.S. crude, fuel inventories rose in the week ended December 19 12/30
- Ghana's Tema oil refinery restarts after 9-yr shutdown 12/30
