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Japan foreign minister Toshimitsu Motegi leaves today for visits to Saudi Arabia and Oman to exchange views on promoting de‑escalation of the Iran situation and to discuss measures to ensure free, safe navigation. He will reaffirm cooperation with Sa

2026-08-17

Japan foreign minister Toshimitsu Motegi leaves today for visits to Saudi Arabia and Oman to exchange views on promoting de‑escalation of the Iran situation and to discuss measures to ensure free, safe navigation. He will reaffirm cooperation with Saudi Arabia—one of Japan’s largest crude suppliers—and with Oman, an important supplier of crude and LNG, on securing stable energy supplies.

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2026-08-17

The NDRC and NEA issued the 15th Five-Year Plan for oil and gas. Policy mandates adherence to a 'capacity reduction and replacement' approach for refining: optimize existing capacity, strictly limit new additions, and promote oil-to-chemicals, oil-to

The NDRC and NEA issued the 15th Five-Year Plan for oil and gas. Policy mandates adherence to a 'capacity reduction and replacement' approach for refining: optimize existing capacity, strictly limit new additions, and promote oil-to-chemicals, oil-to-specialties and oil-to-materials conversions to raise refining-petrochemical concentration, precision and green standards. Authorities will use market-based, rule-of-law measures to guide and support regional refinery consolidation, restructuring and elimination of outdated capacity. The plan requires stronger process decarbonization and targeted use of green power and low-carbon hydrogen. Coastal zones will prioritize integrated refining-chemical clusters and higher-end chemical-material output to build globally competitive bases; central and western regions will prioritize local-demand-aligned, resource-appropriate petrochemical projects to ensure stable fuel supply. Competitive small- and mid-sized refineries are to focus on specialized, high-value niche products.
2026-08-17

BAGHAEI, Iran's foreign ministry spokesman, said with regret that the United States has repeatedly reneged on its commitments and, as in the earlier Oman matter, has undermined Pakistan's role as mediator.

BAGHAEI, Iran's foreign ministry spokesman, said with regret that the United States has repeatedly reneged on its commitments and, as in the earlier Oman matter, has undermined Pakistan's role as mediator.
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