08 January 2024
08 January 2024
The halt in shipments from Iran could bolster global oil prices and strain the profitability of Chinese refiners.
The recent closure has also led to the suspension of crude oil supplies to the Zawiya terminal on the Mediterranean coast.
The UK Government concedes private companies will sell the oil to international parties.
If successful, the deal would result in an entity valued at nearly $17bn.
The memorandum of understanding (MOU) is aimed at diversifying India's oil import sources and enhancing the country's energy security.
The poll found that the slight majority of respondents believed in banning Russian oil and gas exports.
The Indian company will purchase around one million tonnes per annum of the super-chilled fuel from Vitol.
Aramis aims to capture CO₂ emissions from industrial sources and transport them for permanent storage in depleted North Sea gas fields.
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Ammonia and methanol are key industrial chemicals with strong demand in the agriculture, manufacturing, and construction sectors. The demand for these chemicals is expected to rise in the coming years due to their potential applications in energy transition. Low-carbon ammonia is garnering the most attention from oil and gas industry players with nearly 300 plants in development globally.
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