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Galfar Engineering and Contracting will carry out Refinery procurement and construction (EPC) works at Duqm Refinery after project owners, Petrofac-Samsung JV, have picked the Omani company for the job. Operation will cost $50.6 million. The subcontract defines Galfar as for Read more
The Saudi Ma’aden (Arabian Mining Company) has picked South Korea’s Daelim Industrial Company to build the first plant of its phosphate complex (Phosphate 3) for a $892 million investment. The agreement signed between the two entities will tussle the kingdom Read more
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 Read more
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 Read more
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 Read more
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 Read more
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 Read more
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 Read more
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 Read more
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 Read more