Abu Dhabi-headquartered Sweihan PV Power Co lands over $700m via green bonds to refinance debts

Abu Dhabi-based solar energy firm Sweihan PV Power Co (SPPC) has raised $700.8 million via green bonds in view of refinancing existing debts, Zawya reports. The company issued secured bonds with the coupon sold at rate 3.625 percent. The company Read more

KSA, Tunisia ink MoU in area of renewable energies

The Kingdom of Saudi Arabia and Tunisia signed Wednesday a memorandum of understanding in the field of renewable energies with the aim of boosting their cooperation, Webdo Tunis reports. Inked by Saudi energy minister Prince Abdulaziz bin Salman Al Saud Read more

Saudi Arabia lends Tunisia $200m to finance import of Saudi oil derivatives

Saudi Arabia provided Tunisia $200 million in form of credit line to finance the import of Saudi oil byproducts, Tunisian Economy ministry has said. The North African country is grappling with difficult economic situation compounded by the ongoing pandemic that Read more

State-run Iraqi oil giant to acquire Exxon Mobil Corp’s stake in West Qurna 1 oilfield

The Iraqi government has given its approval for the Iraqi National Oil Company to acquire Exxon Mobil Corp’s stake in the giant West Qurna 1 oilfield, Oil Minister Ihsan Abdul Jabbar announced Wednesday, Zawya reports. Located in Southern Iraq, West Read more

Qatar’s QEWC gets full control of Nebras Power

Qatar Electricity and Water Company (QEWC), the public utility company of Gulf country, announced Wednesday its subsidiary signed an agreement to acquire 40% stake in energy investment company Nebras Power for $530 million, Reuters reports. Raslaffan Operating Company made the Read more