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Consortium developing green hydrogen megaproject in Oman

Green Car Congress

An international consortium comprising OQ, which is the Sultanate of Oman’s global integrated energy company, InterContinental Energy, the leading dedicated green fuels developer, and EnerTech, a Kuwait government-backed clean energy investor and developer, is developing an integrated green fuels mega project in Oman.

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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

Green Car Congress

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 new refinery projects would increase production of refined products, such as gasoline and diesel, and in turn, they might reduce the current high prices for these products. million b/d in 2023.

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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. The refinery’s return is likely to decrease petroleum product prices and increase supply, particularly in south and southeast Asian markets.

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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.

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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. This results in continuously increasing prices and unreliable availability for the corresponding plasticizer. Oxea is owned by Oman Oil Company S.A.O.C.

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VinFast VF e34 E-SUV sales launch starts in Indonesia

Teslarati

The VF e34 E-SUV’s price starts at IDR 315,000,000 ($19,843), excluding the company’s battery subscription policy. In February, VinFast signed its first dealer sales agreement in the Middle East , growing distribution in the Oman market. The all-electric SUV is a C-segment vehicle with a right-hand configuration.

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

Green Car Congress

The IHS Markit report, entitled: “Back to the Basins: International Shorter-Cycle Opportunities,” initially assessed five, short-cycle projects outside the US in mature, late-life basins in Mexico, Nigeria, Egypt, Brazil and the North Sea, and included both shallow water and mature, onshore areas that break even at per-barrel costs under US$40.