Home » Energy You are browsing entries filed in “Energy”

Abu Dhabi-based Masdar helps provide green energy to 1,000 villages in Morocco

Some 1,000 villages in Morocco were supplied with green energy at the completion of a project jointly carried out by the Abu Dhabi-headquartered Masdar and the Moroccan Office National de l’Electricité et de l’Eau Potable (ONEE). The initiative, named Morocco Solar Home System (SHS), has provided off-grid solar power to 19,438 households in the North […]

January 15th, 2018 | Posted in Energy | Read More »

Iraq to Start Trucking Kirkuk Oil to Iran End of January

Iraq will start exporting oil from the northern fields of Kirkuk to Iran by the end of January, Iraqi oil minister announced. Jabbar Alluaibi said about 30,000 barrels per day will be trucked to Iran’s Kermanshah refinery in the first set of shipments. Iraq initially announced the planned deal with Iran in November 2017, negotiated […]

January 8th, 2018 | Posted in Energy,Gulf News,Headlines,World News | Read More »

Qatar: Qatargas, RasGas merger Creates Gas Giant

Qatar Petroleum has announced that the country’s two Liquefied Natural Gas producers have been combined into a single gas company with a goal to save up to $500 million annually in operation costs. Qatar Pertroleum’s chief executive Saad al-Kaabi announced the news to the media saying that the two companies are now merged under Qatargas. […]

January 4th, 2018 | Posted in Energy,Gulf News,Headlines | Read More »

Egypt-Saudi Arabia to Launch Power Link Worth $1.6 bln

Egypt plans to join a Gulf power link with the signing of agreements next April with Saudi Arabia to finance the $1.6 bln project. Quoted by Bloomberg, Egypt’s Electricity Minister Mohamed Shaker said his country will finance $600 million adding that construction is expected to take about two years. In times of surplus, Egypt can […]

December 19th, 2017 | Posted in Energy,Gulf News,Headlines,World News | Read More »

BP Oman awards $800-million Gas Development Project to Petrofac

British Petroleum (BP) Oman has charged Petrofac to carry ‘development of a central processing facility (CPF) at the Khazzan Phase Two (Ghazeer) gas development with a contract estimated at $800 million. The contract is the second received by the oilfield service group from BP Oman which controls Khazzan project with a 60 per cent interest, […]

December 13th, 2017 | Posted in Energy,Headlines | Read More »

Iraq to Build New Pipeline to Ship Kirkuk’s Oil to Turkey

Iraq announced that it plans to build a new pipeline that will ship oil from Kirkuk’s oilfields to the Ceyhan port in Turkey, in an attempt to reduce dependence on the pipeline crossing the territories under the administration of the Kurdish Regional Government (KRG). Iraq’s Oil Ministry explained in a statement that the new pipeline […]

November 27th, 2017 | Posted in Energy,Gulf News,Headlines,World News | Read More »

Crude Prices to Further Fall by year-end despite Political Tension in Saudi Arabia

Analysts expect oil prices to come down by year-end despite the political tension inside Saudi Arabia, OPEC’s main producers, and the turmoil plaguing several other oil producing countries. Ahead of next week’s OPEC meeting in Vienna, crude oil prices are slightly falling with the possibility of hitting $52.60 per barrel by the end of 2017 […]

November 22nd, 2017 | Posted in Energy,Gulf News,Headlines,World News | Read More »

KSA: Riyadh to start local uranium production to support nuclear program

Saudi Arabia announced Monday it will start extraction of its own uranium to supply its nuclear program with construction of two nuclear plants to be awarded end of next year. The move is in line with the kingdom’s plans to diversify its energy resources and to reach self-sufficiency in producing nuclear fuel, said Hashim bin […]

October 31st, 2017 | Posted in Energy,Headlines | Read More »

KSA: China stretches out to buy five per cent shares of Aramco

China has proposed to buy five per cent shares of Saudi Arabia’s Aramco, which is the world’s biggest oil company. China made the proposal weeks ago, and the country’s state-owned PetroChina and Sinopec, assisted by banks, are eager to buy Aramco’s shares, press reports said. The proposal came following expressed desire by Riyadh to sell […]

October 17th, 2017 | Posted in Energy,Gulf News,Headlines | Read More »

KSA: $67bn investment in renewable energy over 5 years

Saudi Arabia Tuesday announced it would invest over the coming five years close to $67bn to meet its energy demand with focus on renewable energies. The investment, according to energy minister Khalid al-Falih, will fuel production of 80,000 megawatts (MW). The investment to be sponsored by the private sector falls within the kingdom’s plans to […]

October 11th, 2017 | Posted in Energy,Headlines | Read More »