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Khashoggi affair: Riyadh puts aside use of oil embargo against the US

Saudi Energy Minister Monday told Russian news agency TASS that the kingdom will not use oil embargo as it did in 1973 to ward off international pressure and demands of sanctions against it in the case of dissident journalist Jamal Khashoggi. Pressure is actually increasing on Saudi Arabia over the death of critical journalist Jamal […]

October 22nd, 2018 | Posted in Energy,Gulf News,Headlines,World News | Read More »

Oman: Plans for second largest solar plant of 1 GW unveiled

Oman’s Power and Water Procurement Company (OPWP) has announced plans to build the sultanate’s second largest solar project with a 1 GW capacity and has set commercial launch for 2022. The future project will be located in the Dhahirah governorate and first supply for utility is expected for 2022. The project dubbed Solar 2022 IPP […]

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

KSA: $200bn solar project with SoftBank Group cancelled

The Saudi kingdom has scrapped plan to build a solar farm with Japan’s SoftBank Group for a total investment of $200 billion, the Wall Street Journal (WSJ) has reported. The project announced in March has short-lived. WSJ, citing Saudi official sources, Sunday said it will no longer go ahead. No one is actively working on […]

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

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 »