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Middle East

ADNOC closes acquisition of 24.9% stake in OMV

ADNOC announced that it has formally closed the acquisition of a 24.9% shareholding in OMV AG, a global energy and chemicals group, headquartered and listed in Vienna, Austria, from Mubadala Investment Company.

MAMII expands membership with Chevron, Seapeak, and TotalEnergies joining the initiative

Leading energy companies TotalEnergies and Chevron, and major gas carrier Seapeak, have joined the Methane Abatement in Maritime Innovation Initiative, led by SafetyTech Accelerator.

NextChem secures contract for new urea plant in Egypt

MAIRE announces that NextChem, through its nitrogen technology licensor Stamicarbon, has been awarded a licensing and equipment supply contract for a state-of-the-art urea melt and granulation plant in Egypt for El-Nasr Company for Intermediate Chemicals.

Yemen's Houthis target fuel tanker Torm Thor in Gulf of Aden

Yemen's Houthis targeted MV Torm Thor, a U.S.-flagged, owned, and operated oil tanker, in the Gulf of Aden, the Iran-aligned group's military spokesman Yahya Sarea said, as the militants continue to attack shipping lanes in solidarity with Palestinians in Gaza.

Libya's PFG threatens to close oil facilities to press salary demands

Libya's Petroleum Facilities Guards threatened to close all oil and gas facilities in the country's western region after the end of a 10-day deadline to authorities to meet their demands, including a 67% salary rise.

Iraq reopens North Refinery in Baiji closed for a decade

Iraq reopened its North Refinery in Baiji that was shut for a decade during the violence and chaos that followed the U.S.-led invasion in 2003, which made it nearly impossible to run one of the country's most vital energy complexes.

Lummus Technology to provide proprietary heaters to Amiral petrochemical complex in Saudi Arabia

Lummus Technology announced a contract award from Hyundai Engineering & Construction Co. Ltd. to provide eight proprietary Short Residence Time (SRT®) ethylene cracking heaters at SATORP's Amiral petrochemical complex in Saudi Arabia.

Global Project Data

Hydrocarbon Processing Staff: Nichols, Lee

Gulf Energy Information’s Global Energy Infrastructure (GEI) database is tracking more than 1,000 active projects in the hydrocarbon processing industry (HPI).

Foundation stone laid for Qatar’s $6-B Ras Laffan petchem complex, production to rise to 14 MMtpy by 2026

His Highness Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar, laid the foundation stone for the Ras Laffan Petrochemical Complex, one of the largest in the world, which will raise Qatar’s overall petrochemical production capacity to about 14 MMtpy by the end of 2026.

UAE's Fujairah January marine bunker sales rise to five-month highs

Marine bunker fuel sales at Fujairah port in the United Arab Emirates recovered to five-month highs in January, latest data showed, in line with stronger refueling demand globally following Red Sea events.