Omani chemical industry news

30 April 2026

Borouge Q1 2026: $156M Net Profit on Operational Resilience

Q1 revenue $1.2B; production 1.21Mt (98% capacity), sales 1.09Mt. 61% of March output rerouted via alternative logistics. Prices rose 62% in March. H2 2025 dividend $658M; merger forms global polyolefins platform.
24 April 2026

Yara reports higher margins and strong volumes in Q1 2026

EBITDA excl. items rose to USD 896m; net income USD 327m. Middle East conflict disrupted fertilizer supply and raised prices; the company used its global model to sustain production and sourcing.
23 April 2026

LKAB Q1 2026: Lower earnings, weaker market

Q1 net sales MSEK 7,907 (9,622); operating profit MSEK 860 (3,638). Weaker USD, lower pellet premiums and higher energy, plus transport and mine issues reduced volumes; ~2 Mt 2026 shortfall
16 April 2026

Rotterdam bunker sales down 25% in Q1 2026

Largest declines in fossil oils: VLSFO -44%, HSFO -25%, ULSFO -13%; MGO -7%, MDO -11%. (Bio-)LNG & methanol +6.4%, bioblends +2.7%; RED III, pricing, regs cited.
30 March 2026

PETRONAS Monitors Malaysia’s Fuel Supply

Fuel supply strained by West Asia crisis—~40% of crude via Strait of Hormuz; crude prices +40%, shipping and insurance up. Domestic demand exceeds supply; govt subsidises RON95/diesel; avoid hoarding.
27 March 2026

LKAB cuts Kiruna production

Changing rock conditions force temporary shutdown of pellet plant KK3 Apr–Nov, cutting ~2 Mt deliveries in 2026. No layoffs; plant gets maintenance; other mine areas assessed; restart aimed 2027.

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