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Energy & Sustainability

Oil and gas, renewables, storage and environmental industries

Middle East Travel Alerts
Source: The New Indian Express

Iran Exempts Ships From China, India, Iraq, and Qatar From Hormuz Restrictions

Iran has exempted commercial vessels from China, India, Iraq, and Qatar from transit restrictions in the Strait of Hormuz, according to a senior Iranian lawmaker. Amir Hayat Moghadam stated that the exemptions were granted based on mutual interests and strategic considerations. Tehran is charging transit fees to Chinese and Indian vessels, while Qatari ships are allowed to transit without payment.

China–UAE News
Source: Emirates News Agency

TA’ZIZ Secures AED 5.1 Billion Financing Involving Chinese Banks for Ruwais Projects

Industrial chemicals company TA'ZIZ has completed an AED 5.1 billion ($1.39 billion) debt financing package for two projects in Ruwais, Abu Dhabi. The six-year term loan syndicate includes commercial lenders from China, Kuwait, Spain, and Singapore, with Sumitomo Mitsui Banking Corporation acting as financial advisor. The funding supports the construction of a low-carbon ammonia facility and an export chemicals terminal.

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