Middle East
Fire at Kuwait's Mina al-Ahmadi refinery put out
Firefighters managed to put out a fire in one of the bitumen production unit's lines at Kuwait's Mina al-Ahmadi oil refinery, Kuwait National Petroleum Company said in a statement.
UN starts removing oil from decaying tanker near Yemen in Red Sea
The United Nations said it had started the removal of more than 1 million barrels of oil from a decaying supertanker off Yemen's Red Sea coast in a complex operation it hopes will ward off a regional disaster.
G20 bloc fails to reach agreement on cutting fossil fuels
The Group of 20 (G20) major economies meeting in India failed to reach consensus on phasing down fossil fuels following objections by some producer nations.
Iran denies oil on tanker seized by Indonesia belongs to Tehran
Iran said the oil cargo of an Iranian-flagged supertanker seized by Indonesia last week does not belong to Tehran, Iranian state media reported.
Aramco completes $3.4 B purchase of Rongsheng Petrochemical stake
Aramco has successfully closed a landmark transaction to acquire a 10% interest in Rongsheng Petrochemical Co. Ltd. for $3.4 B through its subsidiary Aramco Overseas Company BV, based in the Netherlands.
Iraq and Lebanon sign MoU on Iraq providing Lebanon with fuel oil and crude oil
Iraq and Lebanon signed a memorandum of understanding (MoU) on Iraq providing Lebanon with fuel oil and crude oil, the Iraqi state news agency INA reported
Iraq's massive Total oil deal heralds new revenue-sharing formula
Iraq secured its $27-B oil deal with France's TotalEnergies by offering quicker, less risky payback through greater revenue-sharing, a model it could replicate in the future to lure investors.
UN could start removing oil this week from decaying Yemen tanker
An operation to start removing some 1.1 million barrels of oil from a decaying tanker moored off Yemen's coast could start by the end of the week, the United Nations said.
Saudi Arabia and Turkey sign petroleum and petchem cooperation MoU
Saudi Arabia and Turkey have signed a memorandum of understanding to cooperate in the production, marketing and distribution of refined petroleum products and in petrochemicals production.
Riyadh, Tokyo to cooperate on energy security, recycled carbon fuels and ammonia
Saudi Arabia said it remains committed to securing oil supplies for Japan and will continue cooperating with Tokyo on clean hydrogen, ammonia and recycled carbon fuels.
- 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
