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middleeastenergy
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Business & Economy · Middle EastADNOC Gas plans $8bn expansion and east-coast LNG plant to bypass Hormuz
ADNOC Gas will invest over $8 billion to expand gas processing and build a new LNG export plant at Ruwais, doubling capacity to 15 million tons per year by late 2028. The company is also considering a second LNG facility on the UAE’s east coast to avoid the Strait of Hormuz, where shipping has been disrupted by regional conflict.
Middle East4 min readTrust 86 · Craft 95 · Hype 15- Business & Economy · Middle East
Aramco Q2 2026 profit rises 42% on higher oil prices despite Hormuz disruptions
Saudi Aramco posted a 42% year-on-year increase in second-quarter net profit to $32.4bn, driven by higher crude and refined product prices, though production fell after Iran closed the Strait of Hormuz. Cash flow and hydrocarbon output declined from the previous quarter.
Middle East4 min readTrust 78 · Craft 65 · Hype 25