Aramco allocates 23% shares to non-Saudi investors in IPO

Aramco is expected to list 1.5% of its shares on the Tadawul later this week

AquaChemie to develop $40 mn chemical terminal in UAE

To be developed at Jebel Ali Port in Dubai, the facility will serve as a strategic gateway to facilitate chemical trade across GCC

Aramco-Adnoc refinery in India to cost 2X of estimated price

The initial estimated cost was $44n, however, now the refinery will be developed with an investment of $70 bn

UAE overtakes Kuwait as holder of 6th largest oil and gas reserves

The SPC has also approved the move to list Murban crude on a globally-recognised exchange to improve its sales

ADB to finance SE Asia’s largest floating solar plant in Vietnam

ADB will provide a loan of $37 mn to Vietnam-based independent power producer for the project

Kuwait to sell 44% stake in Al Zour and Khiran power projects

The country plans to sell at least 26 percent stakes by 2020 and early 2021

Dewa investing Dh86 bn to meet Dubai clean energy target

Investment to spread over the next five years and is part of the move to generate more than 75% of power from clean sources

Petrobras privatisation attracts oil giants Aramco and PetroChina

The privatisation of eight Petrobras’ refineries could raise around $18 bn

Vietnam’s renewable energy sector is now PE target

Renewable energy becomes one of the most attractive sectors for investors in 2019, after fintech and education

Spain writes to the EU proposing a ‘carbon border tax’ on power imports

The move reflects the country’s efforts to achieve environmental targets amid rising climate change

New infrared heating system to radically cut electricity costs and reduce emissions worldwide

Saiterm vows to revolutionise the global heating market with their eco-friendly infrared Spring technology

Oil prices ease as trade row obscures demand outlook

Global oil prices eased in early Asian trading on Monday on concerns that the United States is poised to impose additional tariffs on China