Middle East downstream news

Topsoe has signed a front-end engineering and design (FEED) agreement with Hynfra P.S.A. for an advanced green ammonia project in Aqaba, Jordan.

War in the Middle East has triggered severe global supply disruptions in oil and gas, with reported damage and shutdowns affecting LNG trains, refineries, fuel terminals, and critical gas-to-liquids facilities across the region, according to Rystad Energy.

ADNOC and OMV have announced strong progress towards the formation of Borouge Group International AG, including the signing of an Asset Usage Agreement for the Borouge 4 (B4) production complex.

The IEA offers commentary on how recent conflict in the Middle East has impacted global oil markets, with particular focus on the disruption in the Strait of Hormuz and LNG supply.

Wood Mackenzie warns Middle East conflict threatens 200 million tpy of Asian LNG demand growth over next decade as Qatar declares force majeure on shipments.

Neil Crosby, AVP Oil Analytics at Sparta, Michael Ryan, Freight Commodity Owner at Sparta, and Philip Jones-Lux, Senior Analyst for Sparta, comment on freight, refining margins, and Hormuz disruption.

Neil Crosby, AVP Oil Analytics at Sparta, provides commentary on the potential impact of continued disruption in the Strait of Hormuz.

ICIS has provided analysis and context on the evolving situation in the Middle East and its impact on energy markets.

Jaison Davis, Economic Research Analyst at GlobalData, provides commentary on GCC exports, with global energy markets in flux.

Aramco and Microsoft have signed a non-binding MoU to help Aramco explore digital initiatives designed to accelerate industrial AI adoption, enhance digital capabilities, and strengthen workforce development in Saudi Arabia.