22/08/2026HD Hyundai Heavy Industries to Supply KRW 956 Billion in Power Generation Equipment to US Big Tech Data Center

HD Hyundai Heavy Industries announced on the 10th that it signed a KRW 956 billion contract with US firm Corban Energy Group to supply 1,000 MW (1 GW) of HiMSEN engine-based power generation equipment for a US big tech data center.

22/08/2026ADNOC Gas Awards $8.2 Billion EPC Contracts for UAE Rich Gas Development Phases 2 and 3, Won by Wison and Tecnimont

ADNOC Gas has awarded $8.2 billion in EPC contracts for Phases 2 and 3 of its Rich Gas Development program, won by China’s Wison Engineering ($3.9 billion) and Italy’s Tecnimont ($4.3 billion), bringing total RGD investment to $13.2 billion.

22/08/2026Hanwha Ocean Wins KRW 527.9 Billion EPC Contract for Yeosu Eco Energy’s LNG District Energy Project

Hanwha Ocean disclosed on August 3 that it signed a KRW 527.9 billion EPC contract for a 490 MW LNG district energy project being developed by its affiliate, Yeosu Eco Energy.

22/08/2026SABIC Agri-Nutrients Wins Feedstock Approval for 7th Jubail Ammonia-Urea Complex, Expanding Urea Capacity by 54%

SABIC Agri-Nutrients has received feedstock allocation approval from Saudi Arabia’s Ministry of Energy for its 7th complex in Jubail, expected to raise SABIC’s annual urea capacity from about 4.8 million to 7.4 million tons.

22/08/2026SK Innovation-Led Consortium Breaks Ground on $2.3 Billion Quynh Lap LNG Power Plant in Vietnam

A consortium led by SK Innovation has broken ground on a $2.3 billion LNG power project in Quynh Lap, Nghe An Province, Vietnam, reportedly one of the largest foreign-invested energy projects in the country.

22/08/2026China Breaks Ground on RMB 22 Billion Coal-Chemical Polyolefin Project in Ordos, Inner Mongolia

A large-scale coal chemical project producing methanol and polyolefins is set to break ground on August 21 in Jungar Banner, Ordos, Inner Mongolia, with total investment of about RMB 22 billion and green hydrogen/power integration.

22/08/2026Kuwait Accelerates $10 Billion Al Zour Petrochemical Complex Amid State Refiner Consolidation

Kuwait is reportedly accelerating its $10 billion integrated petrochemical complex near the Al Zour refinery, following the consolidation of its state-owned downstream companies under Kuwait Petroleum Corporation (KPC).

22/08/2026Indonesia’s New Tuban Refinery Complex Launches $24 Billion EPCC Prequalification Process

PT Pertamina Rosneft Pengolahan dan Petrokimia (PRPP), a joint venture between Pertamina and Rosneft, has launched a prequalification process for the EPCC contract for the new “GRR Tuban” refinery complex in East Java, Indonesia, with submissions open from May 6 to 26, 2026.

22/08/2026China’s Xinjiang Tarim Ethylene Phase 2 Starts Up, Adding 1.2 Million Tons per Year via Low-Carbon Process

China National Petroleum Corporation (CNPC) reportedly began official operation of the Tarim Ethylene Phase 2 project and its low-carbon demonstration unit in Korla, Xinjiang, on July 20, 2026, completing the largest petrochemical production base in western China.

22/08/2026China Approves 8 New Reactors Across 4 Projects in One Batch, Applying Hualong One Technology

China’s State Council executive meeting reportedly approved four nuclear power projects comprising a total of 8 new reactors on July 31, most applying Hualong One (HPR1000) technology, with total investment expected to reach RMB 160–170 billion.

22/08/2026Malaysia’s Petronas Takes Full Ownership of Pengerang Petrochemical Complex After Acquiring Aramco’s Stake

Malaysia’s state-owned oil company Petronas has reportedly taken full ownership of PRefChem, the refining and petrochemical joint venture at the Pengerang integrated complex in Johor, after acquiring Saudi Aramco’s stake.

22/08/2026China’s Huajin Aramco Completes Mechanical Completion of Ethylbenzene and Styrene Units in Liaoning

At the Huajin Aramco fine chemicals and feedstock project — a joint venture between Saudi Aramco and Chinese partners — a 736,000-ton-per-year ethylbenzene unit and a 700,000-ton-per-year styrene unit reportedly held a mechanical completion ceremony on July 2 and entered pre-commissioning.

22/08/2026US-Saudi Consortium “MERA Oil” Narrows Site List for $5 Billion Refinery Outside the Strait of Hormuz

A US-Saudi backed consortium, MERA Oil, reportedly announced on July 29 (local time) that it has narrowed the candidate sites to three for a 200,000-barrel-per-day refinery and export hub outside the Strait of Hormuz. The final site is expected to be confirmed by year-end, with Phase 1 mechanical completion targeted for the end of 2029.

22/08/2026Huajin Aramco’s Panjin Complex Nears 2026 Startup

Huajin Aramco Petrochemical Company (HAPCO), a joint venture between Saudi Aramco and China’s NORINCO Group, reportedly plans to bring most units at its Panjin refining and petrochemical complex into operation this year.

22/08/2026Oman’s Duqm Petrochemical Complex: Implementation Agreement Signed with Kuwait’s KPI

Kuwait Petroleum International (KPI) and Oman’s OQ Group have reportedly signed an agreement on the implementation of the Duqm petrochemical complex, with the initial phase expected to begin in 2026.

22/08/2026UAE’s TA’ZIZ Signs $1.99 Billion EPC Contract for World’s Largest PVC Complex

TA’ZIZ, a joint chemicals platform between ADNOC and ADQ, has awarded a $1.99 billion EPC contract to China’s CC7 for the UAE’s first and one of the world’s largest single-site PVC complexes.

22/08/2026China’s Panjin HAPCO Refining-Petrochemical Complex Startup Pushed to September-October Amid Hormuz Crisis

HAPCO has pushed back the startup of its Panjin refining and petrochemical complex from the first half of this year to September or October amid Hormuz Strait-related crude supply concerns.

22/08/2026Vietnam’s Quang Trach II LNG Power Plant: EPC Contract Signed with EVN-PowerChina Consortium

EVN and a PowerChina-LILAMA joint venture signed an EPC contract for the Quang Trach II LNG combined-cycle power plant, valued at VND 2.5202 trillion.

22/08/2026Malaysia’s Sarawak ECH Plant: OCI-Kumho P&B Joint Venture Ramps Up Commercial Production

A Malaysian joint venture between OCI Holdings’ OCIM and Kumho P&B Chemical has been ramping up production at its ECH plant in Sarawak’s Samalaju Industrial Park amid recovering wind power and EV demand.

22/08/2026[Korea] S-OIL’s SHAHEEN Project Nears Mechanical Completion, Targets Early 2027 Commercial Operation

S-OIL’s SHAHEEN Project in Ulsan has reached a completion rate in the high 90% range, with mechanical completion nearing and commercial operation targeted for early next year.

22/08/2026Oman’s Duqm Petrochemical Complex Restarts Under OQ-KPI Leadership After SABIC’s Exit

OQ and KPI signed a new business development agreement on February 3 to continue the Duqm petrochemical complex project after SABIC’s withdrawal, with project cost discussed at $8-10 billion.

22/08/2026Hengyi Petrochemical to Build RMB 25.7 Billion World-Class Coal-to-MEG Plant in Xinjiang’s Turpan

Hengyi Petrochemical announced plans to build a 2.4-million-ton-per-year coal-to-gas monoethylene glycol project in Xinjiang’s Turpan, with total investment of RMB 25.7 billion.

22/08/2026China’s Datang Group Restarts Fuxin Coal-to-Gas Project After a Decade

China’s Datang Group has resumed construction on a large coal-to-gas project in Fuxin, Liaoning Province, suspended for about a decade, citing energy security amid coal oversupply and Middle East gas supply disruptions.

22/08/2026GE Vernova Wins Gas Turbine Supply Contract for Vietnam’s Quang Trach II LNG Power Plant

GE Vernova announced it has won a contract to supply two 9HA.02 gas turbines and two H78 generators for the Quang Trach II LNG combined-cycle power plant developed by Vietnam Electricity.

22/08/2026Saudi Arabia Launches Prequalification for Third CCGT IPP Round, Deadline August 16

Saudi Arabia’s SPPC has launched prequalification for the third round of its CCGT independent power producer program, with developers required to submit qualification documents by August 16.