KazMunayGas achieves strong refining performance in 2025
KazMunayGas increased its hydrocarbon processing in 2025, driven by operational recovery at KMG International refineries and offsetting declines at other plants. trend.az »
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KazMunayGas increased its hydrocarbon processing in 2025, driven by operational recovery at KMG International refineries and offsetting declines at other plants. trend.az »
The government is implementing a large-scale modernization program that will raise refining capacity from the current 18.4 million tons annually. trend.az »
In 2025, the State Oil Company of Azerbaijan (SOCAR) carried out extensive drilling operations, producing tons of oil from fields operated independently or as the principal shareholder. trend.az »
Funds are being invested in two projects at the Iranian Ilam Gas Refining Company to improve energy efficiency and reduce emissions. The projects involve repairing HRSG equipment, setting up an FGRS system, and collecting flared gas to prevent waste. trend.az »
Turkmenistan’s Turkmenbashi Oil Processing Complex hit the ground running last year, exceeding its oil refining and petrochemical production goals, churning out top-notch fuels and chemical products for local use. trend.az »
Kazakhstan aims to significantly expand its oil refining sector by 2040, planning major capacity increases, improved fuel standards, and the launch of a new high-capacity refinery as part of a long-term modernization strategy. trend.az »
Global oil refining and consumption patterns are set to shift over the next decades, with petrochemicals and aviation driving demand while road fuels remain broadly stable until 2040, the International Energy Agency (IEA) said in its latest outlook. trend.az »
TotalEnergies reported solid third-quarter 2025 results from its refining and chemicals segment, driven by improved refining margins and stronger operational performance across its European assets. trend.az »
Eni’s refining business delivered a positive performance in the third quarter of 2025, posting earnings of 135 million euros, compared with a breakeven result a year earlier. trend.az »
Eni recorded a notable improvement in its refining performance during the third quarter of 2025, supported by more favorable product crack spreads and increased refinery activity. trend.az »
Iran’s Bandar Abbas Refinery has boosted its capital to around $720 million to strengthen its financial structure and expand production capabilities. trend.az »
Non-OECD crude runs are expected to grow steadily over the next two years, reaching 47.5 million barrels per day (mb/d) in 2025 and 48.5 mb/d in 2026, the International Energy Agency (IEA) said. trend.az »
OECD crude throughputs fell by 70,000 barrels per day (kb/d) in July to 36.8 million barrels per day (mb/d), said the International Energy Agency (IEA), driven by weaker U.S. and European runs that outpaced gains in Asia and Oceania. trend.az »