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Qatar: Nebra Power acquires 75 % of Dutch Zon Exploitatie Nederlands Holding

Netherlands-based Nebras Power Investment Management B.V. (NPIM), an affiliate of Doha-based Nebra Power company, Sunday signed a binding deal for the acquisition of 75 % of shares of Dutch leader in sustainable energy producer, Zon Exploitatie Nederland Holding (Zen), reports say. The deal, signed in Doha, enables the Nebras to access the attractive and fast-growing […]

September 17th, 2018 | Posted in Energy,Headlines | Read More »

KSA: Plan for Aramco listing will go ahead

Saudi Energy minister Thursday insisted that the Initial Public Offer (IPO) of the kingdom’s giant company Aramco is still on the agenda, following reports that authorities have scrapped the plan. “The government remains committed to the initial public offering of Saudi Aramco, in accordance with the appropriate circumstances and appropriate time chosen by the Government,” […]

August 23rd, 2018 | Posted in Energy,Gulf News,Headlines | Read More »

KSA Vs Canada: Riyadh to maintain oil supply to Ottawa

Saudi Arabia Wednesday said it will continue supplying oil to clients in Canada despite ongoing diplomatic crisis in which Riyadh said will not accept mediation. The Saudi Energy Minister Khalid al-Falih said oil delivery to clients will not be affect despite the kingdom Sunday decision freezing trade and transaction with Canada. “The current diplomatic crisis […]

August 9th, 2018 | Posted in Energy,Headlines | Read More »

EU-funded photovoltaic solar field to increase output of Gaza desalination plant

The European Union has completed this week the biggest photovoltaic solar field in Gaza that will provide 0.5 Megawatts of electricity per day to fuel the Southern Gaza Desalination Plant. The EU-funded Southern Gaza Desalination Plant currently provides drinking water to 75,000 inhabitants in the Khan Younis and Rafah governorates. With the new energy field […]

August 4th, 2018 | Posted in Energy,Headlines,World News | Read More »

Kuwait: State-owned Kufpec applies for $1.1-bn international loan for operation expansion

Kuwait Foreign Petroleum Exploration Company (Kufpec) Tuesday announced it reached agreement with five international banks for $1.1-billion loan earmarked for the expansion of oil and gas operations. According the company’s CEO Sheikh Nawaf al-Sabah, with the financial support, the Kupec aims to boost its output to 150,000 barrels of oil equivalent per day (boed) by […]

August 1st, 2018 | Posted in Energy,Headlines | Read More »

KSA: Oil shipments through Bab Al Mandab halted after Houthis’ attack

Saudi Energy minister announced Wednesday temporarily suspension of the oil shipments through Bab Al-Mandab Strait following attacks by Yemen Houthi rebels. According to Saudi officials, the rebels staged armed assaults on two oil tankers on the world’s most crucial oil shipping route. “All oil shipments passing through Bab Al-Mandab Strait have been suspended temporarily until […]

July 26th, 2018 | Posted in Energy,Headlines | Read More »

KSA: Fire catches Aramco’s refinery

Saudi Arabia’s largest company Aramco Wednesday said a minor fire that erupted at one of its storage containers was quickly put off. “No personnel are injured and no impact on operations,” Aramco said in an update on its official Twitter account. The update appeared as a rebuff of a claim by Yemen-based Houthi rebels who […]

July 19th, 2018 | Posted in Energy,Headlines | Read More »

KSA: South Korea’s KEPCO among likely winners of nuclear plant construction contract

South Korean company, Electric Power Corp (KEPCO), has been shortlisted to bid for Saudi Arabia’s nuclear plant construction, the South Korean energy ministry said in a statement. “We were informed by our Saudi counterpart, King Abdullah City for Atomic and Renewable Energy, that KEPCO was shortlisted for a nuclear project in Saudi Arabia,” the ministry […]

July 2nd, 2018 | Posted in Energy,Headlines | Read More »

OPEC: Saudi Arabia to increase oil production up to 2,000,000 barrels-Trump

Saudi Arabia has agreed to increase its oil production up to 2,000,000 barrels, US President Donald Trump said on Twitter Saturday as he requests OPEC members to make for Iran and Venezuela’s oil production deficit. “Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction in […]

July 2nd, 2018 | Posted in Energy,Headlines,World News | Read More »

Rabat, Abuja Sign Cooperation Deals on Pipeline Project, Phosphates & Agriculture Training

Morocco and Nigeria signed Sunday in Rabat cooperation agreements related to the pipeline project, a fertilizer plant in Nigeria and agricultural vocational training. The signing ceremony of the three agreements was co-chaired by King Mohammed VI and visiting President Muhammadu Buhari. The two countries agreed to the pipeline in December 2016 and launched feasibility studies […]

June 11th, 2018 | Posted in Energy,Headlines,World News | Read More »