Of the total allocation, 7.45 MMkl have been earmarked for the public service obligation (PSO), which covers sectors such as public transportation and whose sales will be subsidized by the country's ...

The project will be developed in three phases and will span 100,000 m2 in the Integrated Sokhna Zone on Egypt's Red Sea coast.

Around 400,000 bbl of diesel were loaded on the Torm Kirsten during December 9–11 from BAPCO's Sitra refining site, Kpler and Vortexa shiptracking data showed, while 140,000 bbl more were loaded via ...

Discounts for Russian ESPO Blend crude loading in January have widened to a record $7–$8 per barrel versus ICE Brent upon delivery in Chinese ports, as Western sanctions pressure weighs on the grade.

The volume of oil stored on board ships in Asian waters, which has tripled since September to a 3-yr high, is poised to decline as producers of sanctioned oil slow exports and Chinese refiners ramp up ...

The United States announced sweeping sanctions targeting Russia's oil sector in January over Moscow's war in Ukraine, but, for NIS, their application was postponed several times before finally coming ...

The partnership between Danish companies Skovgaard Energy, Topsoe and Vestas has reached an important milestone: The world’s ...

South Korea's petrochemical firms are on track to cut up to 3.7 million metric tons of output under a voluntary plan to overhaul the oversupplied sector and improve flagging profit margins, the ...

CO2 pipelines are an increasingly important part of the nation’s pipeline infrastructure as companies explore new systems and consider repurposing existing assets to transport CO2 for long-term ...

Since November 2022, MOL has held ongoing discussions with JERA on collaboration in fuel ammonia transport. This agreement builds upon those discussions and seeks to establish a commercial-scale ...

China's November imports of fuel oil rose 15% from a month earlier, customs data showed on Saturday. The import volumes totaled 2.15 million metric tons (t), or about 454,957 barrels per day (bpd).

The new facility in Rondonopolis will receive 2.77 B reais in investments, with operations starting in early 2027.