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Energy
National consortium injects $660m to drive Egypt’s petrochemical growth
The Egyptian Petrochemicals Holding Company (ECHEM), Sidi Kerir Petrochemicals Company (SIDPEC), the Egyptian…
Egypt plans $7b petrochemical project with Shard Capital
The Egyptian government is advancing a major petrochemical investment project with an estimated cost of $7 billion.
Leviathan offshore gas project to receive $429m investment
Partners in the Israeli Leviathan offshore gas project have approved a $429 million investment to expand the field…
US oil, gas demand rise while output falls in May
US oil demand surged to a seasonal record in May, with total crude oil and petroleum product supplied reaching…
Asia’s crude oil imports hit two-year low
Asia's crude oil imports fell to their lowest level in two years in July, driven by weak demand in China and a…
Japan’s crude oil imports rise in June
Japan's crude oil imports demonstrated notable trends and shifts in June, totaling 9,927,637 kiloliters (kl).
New data demands 80% methane reduction from US oil and gas
New aerial survey data has revealed a stark reality for the US oil and gas industry: methane emissions are far…
Investment treaties pose barrier to fossil fuel phase-out – report
International investment treaties, particularly those with investor-state dispute settlement (ISDS) provisions, are…
US refinery capacity rises in ’23
US refining capacity saw a notable increase in 2023, driven by expansions at existing facilities, according to the…
UAE slightly rises fuel prices in August
The UAE fuel price committee has set new rates for August 2024, effective from August 1.