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Borouge, Adnoc L&S form petrochemicals exports partnership
The partnership will see Adnoc L&S transport 70% of Borouge’s annual output and is expected to generate USD 531 mn
Updates on shipping, M&A, and ports from Iran, UAE, Egypt, and Saudi Arabia
Stories on our radar this morning from around the region
TODAY: Humain’s USD 77 bn data center targets + GulfNav wraps acquisition of Brooge Energy’s Fujairah business
What we’re tracking this morning regionally and around the world
Asyad adds two VLCCs to fleet for OMR 206 mn
PLUS: Adnoc L&S added its second of six liquefied natural gas carriers ordered to its fleet.
TODAY: RJ secures a USD 250 mn loan + Asyad expands fleet
What we’re tracking this morning regionally and around the world
More aviation and supply chain agreements from Make it in the Emirates
Some 115 mn cf/d will go towards Pupuk’s methanol plant while the remaining 85 will be allocated to its ammonia…
Regional energy leaders look to export LNG shipments to Egypt
PLUS: A Turkish floating regasification unit secured to help cover high-demand summer months
1Q earnings from Adnoc L&S and Talabat
Adnoc L&S saw a 5% net income dip, while Talabat saw a 24% uptick
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