Oil and gas, renewables, storage and environmental industries
Indian refiners expect Russian crude supplies to tighten further through November as Chinese buyers outbid competitors and book cargoes in advance. To replace Russian barrels, Indian refiners are turning to alternatives including UAE Murban crude. Meanwhile, exports from major Middle East producers rebounded in September, supported by increased output from the UAE and Saudi Arabia.
Saudi Power Procurement Company (SPPC) has qualified 13 companies to bid for the third round of the kingdom's combined-cycle gas turbine independent power producer programme. The qualified pool features regional and international developers, including UAE-based Taqa and Etihad Development Company alongside China's PowerChina. The projects will be executed under a build-own-operate model with provision for future carbon capture readiness.
The XI International Industrial and Energy Forum in Tyumen featured participation from Chinese energy companies and the UAE's Abu Dhabi National Oil Company. ADNOC advanced supplier qualification frameworks covering 60 approved technical standards, while Chinese and Gulf entities signed commercial pacts across upstream services, LNG shipping, and decarbonization technologies.
GCC Secretary-General Jasem Albudaiwi emphasized the need for deeper regional convergence across energy, trade, and digital transport corridors connecting the Gulf to Asian markets. Speaking at a symposium with the UNDP, he highlighted that member states produce roughly 16.6 million barrels of crude oil daily, representing 22.2 percent of global output. He underscored that long-term stability requires cross-border infrastructure, digital logistics, and institutional connectivity beyond oil exports.
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