In a direct challenge to American "long-arm jurisdiction," China has invoked its "Blocking Rules" for the first time, ordering domestic companies to disregard US sanctions placed on five Chinese oil refineries.

Iran’s National Petrochemical Company (NPC) has halted its petrochemical exports "until further notice" to prioritize domestic supply, which was disrupted by US-Israeli strikes between February 28 and April 8.

Airstrikes have struck Iran’s biggest aluminum producer and its largest petrochemical facility, according to Iranian state media.

Hengyi Industries will continue its investment in phase two by expanding the petrochemical refinery in Brunei with an investment value of 5 billion U.S. dollars, a Brunei government minister said on Saturday.

Zhejiang Petrochemical Corp, a major Chinese refiner backed by Saudi Aramco, is shutting down a 200,000-barrel-per-day crude processing unit as it advances maintenance work amid tightening global oil supplies linked to the Middle East conflict.

Ukrainian drones reportedly struck the Stavrolen petrochemical plant in Russia’s Stavropol Krai overnight, triggering a fire at one of the country’s key industrial facilities.

LG Chem has submitted a plan to restructure its petrochemical business to the South Korean government, responding to calls for industry-wide downsizing.