GPIC board chairman opens solar energy project Kamal bin Ahmed Mohammed, the Board of Directors Chairman of the Gulf Petrochemical Company (GPIC), today inaugurated a solar energy project at the company. | The project is within the framework of GPIC’s continuous support for the use of renewable energy sources,...
QatarEnergy signs $6 billion deal with state-owned Chinese yard QatarEnergy has signed a multibillion-dollar deal with China State Shipbuilding Corporation (CSSC) to build up to 18 huge liquefied natural gas carriers, as the state-owned heavyweight continues to expand its fleet. ...
Iran oil output up 500,000 bpd y/y: IMF The new statistics released by the International Monetary Fund (IMF) show that Iran’s oil production in 2023 saw an increase of 500,000 barrels per day (bpd) in comparison to the previous year, reaching 3.1 million bpd. According to the new data, the oil sector of...
Saudi Arabia may raise prices for most oil grades to Asia for June Top oil exporter Saudi Arabia may raise prices for most of the crude grades it sells to Asia in June to their highest levels in five months after Middle East benchmarks strengthened this month, trade sources said on Monday. The June official selling price (OSP) of flags...
Middle East Crude-Benchmarks rise; Saudi Arabia may raise June OSPs Middle East crude benchmarks Oman, Dubai and Murban rose on Monday with trade for the month winding down, while traders expect Saudi Arabia to raise prices for June cargoes next month. SAUDI OSP PREVIEW Top oil exporter Saudi Arabia may raise prices for most of the crud...
UAE and Oman Forge Closer Ties with $129 Billion Investment Pact Arabian Post - | The United Arab Emirates and Oman announced a significant expansion of their economic partnership on April 23, 2024, with the signing of a series of investment agreements valued at a combined $129 billion. This substantial commitment signals a new era o...
Egypt’s Al-Mashat champions human capital, clean energy at WEF Rania Al-Mashat, Egypt’s Minister of International Cooperation, actively participated in the World Economic Forum’s (WEF) special meeting held in Riyadh, Saudi Arabia, under the theme “Global Collaboration, Growth, and Energy for Development.” | ...
Iraq To Start First West Qurna Gas Production This Year Iraq will see first natural gas production at its supergiant West Qurna field by the end of this year, Iraqi News reports, citing the Iraqi prime minister and federal energy authorities on Monday. ExxonMobil withdrew from southern Iraq’s West Qurna 1 field in Januar...
Oil prices drop as reports say Israel and Hamas could soon head for cease-fire talks Saudi Arabia may flood the oil market next year | Gety Oil prices fell as reports on Monday indicated that Israel and Hamas could engage in cease-fire talks this week. Secretary of State Antony Blinken said the US would push for both sides to reach a truce. Geopolitical...
Two green hydrogen projects worth RO4.2bn to be set up in Dhofar Muskat DailyMuscat – Hydrom, the sultanate’s green hydrogen orchestrator, announced signing two new green hydrogen projects in Dhofar worth RO4.2bn (US$11bn) on Monday. The signings follow the successful completion of Hydrom’s second round of auctions ...
Oman LNG outlines vision to transform Wadi Mibam Oman ObserverMUSCAT, APRIL 30Oman LNG has unveiled plans to transform Wadi Mibam near Sur, into a model for sustainable development as part of its social investment strategy.Mohammed al Mukhain ......
Saudi non-oil private sector growth to accelerate in 2025 | kuwaittimes Kuwait TimesSaudi non-oil private sector growth to accelerate in 2025 - Business - KUWAIT: Despite higher interest rates, non-oil economic growth remained robust in 2023, softening to 3.8 percent from 5.3 percent in 2022. The private sector c... ...
GPIC board chairman opens solar energy project Bahrain News AgencyManama, Apr. 29 (BNA): Kamal bin Ahmed Mohammed, the Board of Directors Chairman of the Gulf Petrochemical Company (GPIC), today inaugurated a solar energy project at the company. | The project is within the framework of GPIC's continuous support for...
Saudi Aramco Seeks Investment Opportunities in New Energies Abroad Oil PriceSaudi Aramco is currently eyeing potential investments in new energies outside Saudi Arabia, the state oil giant’s chief executive officer Amin Nasser said on Monday. Aramco’s top executive was speaking on the sidelines of the Special Meeting o...
Egypt targets 70% private sector contribution to economy – minister Amwal Al GhadEgypt is making significant strides to boost private sector partnerships, aiming for them to constitute 70 per cent of the national economy and become the primary driver of economic growth, Egyptian Minister of Finance Mohamed Maait stated on Monday....
UAE, Ukraine finalise terms of CEPA deal Gulf BusinessThe trade deal aims to aid Ukraine’s recovery and rebuilding of key industries while helping to strengthen supply chains to the MENA region for exports such as grains, machinery and metals . ...
UAE, Ukraine to boost bilateral trade agreement Amwal Al GhadThe United Arab Emirates and Ukraine have concluded talks on a bilateral trade agreement, according to Reuters citing a joint announcement issued on Monday, preceding its official ratification. ......
Syrian, Iranian talks to strengthen cooperation on water sector Syrian Arab News AgencyBaghdad, SANA- Water Resources Minister Hussein Makhlouf discussed Monday with Iran’s Deputy Energy Minister for Water Affairs Mohammad Javanbakht means of boosting water cooperation between Syria and Iran. | This came on the sidelines of 4th B...
Saudi Arabia Is Expected to Raise Its Oil Prices to Asia to a 5-Month High Oil PriceSaudi Arabia is likely to raise the price of its flagship Arab Light crude loading for Asia in June to the highest premium over benchmarks as the Middle Eastern quotes have strengthened this month, a Reuters survey of seven refining sources showed ...
EDF, KOWEPO, Masdar to develop 1.5 GW of solar in UAE PV MagazineFrance’s EDF Renewables, South Korea’s Korea Western Power Co. (KOWEPO), and Abu Dhabi Future Energy Co. (Masdar) have agreed to jointly design, finance, build and operate a 1.5 GW solar project in the United Arab Emirates, under a power purchase...
Passavant Energy bags contract for Saudi wastewater treatment plant GCC Business NewsDrake & Scull International has announced that one of its subsidiaries, Passavant Energy and Environment Limited, which specializes in wastewater and water treatment technologies, has secured a new project to design and build an expanded wastewater t...
