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...
Tag : Middle East energy
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...
Adnoc searches for potential opportunities in India’s lubricant market
The oil giant is planning to increase its footprint in the global market...
SABIC to develop world’s first renewable energy powered chemical plant
The plant will be built in Cartegena, Spain...
Saudi Arabia to produce world’s lowest-cost electricity
The kingdom will soon develop a solar project that will produce electricity at the lowest cost per kilowatt...
World’s largest desalination plant in the UAE secures $758 mn loan
Operations at the project are expected to begin in 2022...
UAE is first Mideast country to produce nuclear energy
UAE officially starts power operation at the Barakah nuclear power plant...
Samsung wins $952 mn contract to develop power plant in the UAE
Samsung and Marubeni will jointly develop the 2,400 MW combined cycle power plant in Fujairah...
DEWA sets world record in saving water and electricity
DEWA recorded 1.86 minutes in electricity customer minutes lost (CML) in Dubai...
China’s State Grid buys 49% stake in Oman electricity Utility
State Grid paid $1 bn to Oman’s Electricity Holding Company for the stake in Oman Electricity Transmission...