China’s largest oil giants announce plans to reduce emissions
China’s biggest oil producer PetroChina is pledging net-zero greenhouse gas emissions by 2050...
Tag : energy
Aramco delays mega petro projects to save cash and preserve dividends
Reportedly, Aramco is putting its plan to construct a $20 billion crude-to-chemicals plant at Yanbu on hold...
Saudi Electricity signs $2.4 bn financing agreement with 7 major banks
The seven banks include the National Commercial Bank, Bank Albilad and Al-Rajhi Bank...
Renewable energy accounts for 20% of Egypt’s electricity production: Minister
In the last five years, Egypt added over 28,000 MW of power production capacity...
China’s Artech Solar is planning to raise $206 mn in Star Market IPO
The company will use the funds to develop its manufacturing base and research centre...
Arab oil exporting country’s economies to shrink by 4.75% in 2020
The diversified economies in the region to shrink by 2%...
Adnoc searches for potential opportunities in India’s lubricant market
The oil giant is planning to increase its footprint in the global market...
Petrofac to reduce its direct and indirect emissions to net zero by 2030
According to its CEO, its Our Net Zero target supports the principles of the Paris Agreement...
Royal Dutch Shell to buy 50% stake in Nayara Energy’s petro project
The deal is expected to cost Shell around $9 bn...
Aramco to go ahead with plans to boost output capacity to 13 mn bpd: CEO
Aramco will go ahead with the plan despite a significant cut in capital expenditure...