Saudi SABIC Foresees H2 Strong Performance
In Q2 2021, the company's sales increased by 72.3% reaching around $11.3 billion, compared to approximately $6.6 billion a year earlier.
News / International
Canadian Natural Resources Attains 1,142 mboe/d in Q2 2021
The company returned around $1.3 billion to shareholders in share repurchase and divides.
Nigeria’s NNPC to Acquire Stakes in Dangote Refinery
Nigeria granted its state oil firm, the Nigerian National Petroleum Corp's (NNPC), an approval to acquire around 20% of Dagnote oil refinery stake for $2.76 billion.
Iran’s POMC Announces Increase in South Phase 19 Butane, Propane Production
Iran's Petropars increased production of butane and propane from the South Pars Phase 19 refinery while commissioning all butane and propane unit's refrigeration compressors.
Gazprom Decreases Gas Pumping to European Storage Facilities
Russia's Gazprom reduced pumping natural gas to underground European storage facilities as of late July 2021.
UEA’s TAQA to Sell Assets in British Columbia , Alberta
The two companies agreed on terms of sales and they are waiting for the Alberta Energy Board's approval to close the deal.
Petronas Joins Forces With Itochu For $1.3B Petrochemical Project
Petronas Energy Canada cooperated with Japan's Itochu to study the feasibility of producing around 1 million tons per year of ammonia, combining hydrogen and nitrogen.
ADNOC, Fertiglobe Partner to Sell Blue Ammonia to Japan
The exported blue Ammonia come as a part of the efforts exerted to boost cooperation between Japan and the UAE and to support the supply chain.
Kuwait Sets Deadline for Jurassic Gas Bids
Bidding companies are required to submit technical and financial bids for the two Jurassic gas projects, including the establishment of pipelines and processing facilities.
EU Retains Tariffs on US Biodiesel
The tariff extension case was reviewed by the European Commission, which announced that the US biodiesel producers would hike to full capacity, adding that they could shift sales from less profitable markets, in third countries, to the EU.
