Emarat Petroleum Company (Emarat) has opened its first branded service station in Yerevan, Armenia, marking its international expansion. The launch follows a partnership with MegaTrade and plans for a wider network of stations across the country.
Royal Vopak has acquired a majority stake in Green Energy Storage and approved a 200 MW/800 MWh battery project in the Netherlands. Total investment amounts to about €230 million ($262 million).
Abu Dhabi-based BlueFive Capital has acquired a 70% stake in Gulf Cobla, a UAE-based dredging, land reclamation company. As part of the deal, BlueFive Capital will buy the entire 49% stake held by an affiliate of Saudi Binladin Group, together with a 21% stake from Dutco Group.
Innovex International has completed its $95 million acquisition of TCO Group. The deal expands glass barrier technology reach, enhances cross-selling in Norway and UAE, and supports global energy services growth strategy.
Valmet has completed its acquisition of UK-based Severn Group, strengthening its Flow Control business. The deal expands its industrial valve portfolio, supports energy transition goals, and enhances offerings across key global process industries.
The World Bank’s Board of Directors has approved a $265 million loan to support Morocco’s Ifahsa Pumped Hydropower Storage Project, a major clean energy initiative aimed at strengthening the country’s electricity grid and expanding renewable energy integration.
Bahrain’s Fuel Pricing and Monitoring Committee has set July fuel prices, effective July 2, with Jayyid (91) at BD0.222 ($0.59), Mumtaz (95) BD0.247, Super (98) BD0.362, and diesel BD0.229 per litre, while retaining diesel subsidies for Bahraini fishermen.
Leading petrochemical company Sipchem has announced that work has been fully completed on the expansion project at the ethylene cracker plant operated by one of its key ventures, the Saudi Ethylene and Polyethylene Company (SEPC), and now its trial production has begun.
Oman's Ministry of Energy and Minerals has launched a digital supply chain initiative to improve procurement, contract management and spending efficiency across the energy sector, which manages annual supply contracts worth more than RO4 billion ($10.4 billion).
IMI, a global leader in fluid and motion control, engineering bespoke solutions, has been awarded a new contract to supply a wireless vibration monitoring solution for a major refinery operator in Oman, designed to reduce unplanned downtime.
