Middle East
Fuel oil smuggling network rakes in $1 B for Iran and its proxies
A sophisticated fuel oil smuggling network that some experts believe generates at least $1 B a year for Iran and its proxies has flourished in Iraq since Prime Minister Mohammed Shia al-Sudani took office in 2022.
Foundation stone laid for 1.2-MMtpy blue ammonia plant in Qatar
The facility consists of a 1.2-MMtpy ammonia production unit, along with an additional unit for CO2 injection and storage, with a capacity of 1.5 MMtpy. QatarEnergy will provide the new plant with more than 35 MW of electricity from the solar power plant currently being built in Mesaieed Industrial City, thereby becoming blue ammonia.
DNV certifies first CO2 storage site in Middle East for ADNOC CCS project
DNV has certified the feasibility of ADNOC’s West Aquifer carbon dioxide (CO2) storage site in the UAE, marking a significant milestone in the Middle East’s carbon capture and storage (CCS) efforts.
U.S. October gasoline imports hit post-pandemic low on slump in European shipments
U.S. waterborne gasoline imports fell in October to their lowest since the COVID-19 pandemic, with European shipments to the U.S. Northeast hitting a record low and Asian cargoes more than halved from a year ago.
Aramco, Rongsheng Petrochemical sign framework agreement for SASREF petrochemicals expansion project
Aramco, Aramco affiliate Saudi Aramco Jubail Refinery Company (SASREF), and an affiliate of Rongsheng Petrochemical Co. Ltd. (Rongsheng Petrochemical) have signed a Development Framework Agreement in Beijing, China, that paves the way for an expansion project at SASREF in Jubail, Kingdom of Saudi Arabia.
Sinopec, Aramco start building $10-B petchem complex in China's Fujian province
Sinopec Corp and Saudi Aramco have started constructing a $10-B refinery and petrochemical complex in southeast China's Fujian province, marking another big investment in the country's recent wave of petrochemicals expansions.
Samsung E&A-CTCI JV awarded $417-MM EPC contract to build ethylene storage in Qatar
Samsung E&A-CTCI JV was awarded an engineering, procurement and construction contract from Ras Laffan Petrochemicals for the $417-MM, 30,000-t Qatar RLP Ethylene Storage EPC project.
Digital Exclusive: U.S. flip-flop jeopardizes global treaty to end plastic pollution
Rob Benedict, Vice President, Petrochemicals and Midstream, American Fuel and Petrochemical Manufacturers (AFPM), details the Biden administration's (U.S.) flip-flop on allowing individual countries to take their own path to tackle plastics pollution, and instead, wants universal plastic production caps and the banning of certain chemicals. Mr. Benedict details why this approach will only hurt the global objective to end plastic pollution.
India, Saudi Arabia top buyers of Russian VGO and fuel oil in October
India and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in October.
ADNOC, AIQ developing first-of-a-kind agentic AI solution for global energy transformation
ENERGYai will combine large language model technology with cutting-edge ‘agentic’ AI – AI ‘agents’ that are trained in specific tasks across ADNOC’s value chain. These specialized AI agents bring a new level of autonomy and precision to critical tasks, from seismic analysis to energy efficiency and real-time process monitoring.
- INEOS Enterprises to sell Composites business to KPS Capital Partners for €1.7 B 12/3
- Small volumes of renewable diesel are now consumed on the U.S. East Coast 12/3
- Russia's December idle oil refining capacity revised up 60% 12/3
- Fuel oil smuggling network rakes in $1 B for Iran and its proxies 12/3
- Taiwan's Formosa operates refinery at reduced rate due to maintenance 12/3
- Russia lifts gasoline export ban for producers 12/3
