Downstream news

In 2025, the US imported an average of 490 000 bpd of crude oil from the Middle East Gulf region – Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE, the US EIA has reported.

African Export-Import Bank (Afreximbank) has announced that it has underwritten US$2.5 billion in the US$4-billion senior syndicated term loan in favour of Dangote Petroleum Refinery and Petrochemicals FZE.

The European Investment Bank and Eni have signed a 15-year loan for €500 million to convert selected units of Eni’s Sannazzaro de’ Burgondi refinery, Italy, into a biorefinery.

Phelan Green has announced that it has selected Honeywell’s renewable fuel process technology for its planned eSAF facility in Saldanha Bay, Western Cape, South Africa.

MAIRE has announced that Nextchem, through its subsidiary KT Tech, has been awarded a contract for early engineering works and proprietary equipment supply for an SAF plant under development in North Sumatra Province, Indonesia.

OCI Global have announced the completion of the sale of 100% of its equity interests in OCI Ammonia Holding B.V. to AGROFERT, a.s., a significant European nitrogen products manufacturer.

BASF is launching Butyl acrylate RE and 2-Ethylhexylacrylate RE, two new products that are manufactured at BASF’s Freeport, Texas site, US, with attributed electricity from renewable sources.

Gevo Inc. has announced that it is developing plans for a potential expansion at the site of its Richardton, North Dakota facility in the US, by adding a second ethanol production facility.

OMV and XRG, ADNOC’s international investment arm, have announced the formation of Borouge Group International AG, to operate under the brand name Borouge International.

NGL exports reached 3.1 million bpd in 2025, growing 7% from the previous year, NGL plant production increasing every year since 2005.