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EIA: At least 9 new refinery projects to come online before end of 2023 in Asia and Middle East; 2.9 MMb/d

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In the International Energy Agency’s (IEA) June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 The Shenghong Petrochemical facility in Lianyungang has an estimated capacity of 320,000 b/d, and they report that trial crude oil-processing operations began in May 2022. million b/d in 2023.

Asia 418
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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. In its June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 million b/d in 2022 and by an additional 1.6

Global 448
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Plug Power expands hydrogen supply chain partner network in Spain with CLH

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The CLH Group is a leading international company in the transport and storage fuel products in Europe. The CLH Group is the leading company engaged in the transport and storage of oil products in the Spanish market and the second-largest logistics operator in Europe in terms of the extension of its pipeline network and storage capacity.

Spain 186
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GECF: more than a quarter of 2050 natural gas supply untapped

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Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. According to Sentyurin, around 80% of the natural gas production by mid-century will stem from new projects, highlighting the importance of continued investment in upstream. —Secretary General Sentyurin.

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Oxea launches new phthalate-free plasticizer as C8/C10 trimellitate replacement

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In modern automobiles, stringent demands are placed on internal cables. Other application areas include non-fogging automotive interior, special sheets, profiles and gaskets and base stock for lubricating oils. Oxea is owned by Oman Oil Company S.A.O.C.

Oman 150
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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

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The companies plan to develop demonstrator plants in several countries in the region, namely Oman, Kuwait, and Qatar. Since its formation in 1952, CCC has become one of the leading international contractors with a worldwide turnover of more than US$4 billion and managing 60,000 personnel composed of more than 80 nationalities.

Fusion 170
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IHS Markit identifies 5 billion barrels of oil equivalent in short-cycle opportunities outside North America

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New energy research from business information provider IHS Markit has identified more than five billion barrels of oil equivalent (BOE) in numerous smaller, previously bypassed, or underperforming reservoirs outside North America that offer oil and gas operators a shorter-cycle path to production than new, frontier projects in undeveloped areas.