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Saudi arabia
Solar Power Plant
ACWA Announces Fin Close for 900-MW PV Project in Dubai
Saudi Arabia’s ACWA Power said today it has signed all financing agreements for the 900-MW fifth phase of the Mohammed bin Rashid Al Maktoum solar project in D…
Energy Investment
Saud Electricity Signs $2.4bn Medium-Term Financing Agreement With 7 Banks
Saudi Electricity Company, the largest utility company in the Middle East and North Africa region, signed on Aug. 26 a syndicated financing agreement worth SR9 …
Oil Field
Saudi Arabia Announces Siscovery of New Oil, Gas Fields
The two fields, Hadat Al-Hajrah gas field in the Al-Jawf region and Abraq Al-Talul oil field in the northern border region, were discovered by the Saudi Arabian…
Crude Oil
Global Oil Demand is Expected to Return to 97% of Pre-Epidemic Levels by the End of the Year
At the OPEC and OPEC+ ministerial video conference that global oil demand is expected to return to the new crown by the end of 2020 97% of the level before the …
Jordan
Jordan and Saudi Arabia Sign MoU to Connect Power Grids
Jordan and Saudi Arabia have reportedly signed a memorandum of understanding by laying out the framework for connecting their electric power grids.
Oil & Gas Trade
OPEC+ Seeks to Defend Oil-Market Gains as Demand Outlook Darkens
OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices.
Saudi Arabia
Saudi Aramco Says Profit Fell 73 Percent as Demand for Oil Shrank
Saudi Aramco, the world’s largest oil company, said on Sunday that its quarterly earnings plunged more than 73 percent compared to a year ago, as lockdowns imp…
Crude Oil
Aramco Aims to Boost Production Capacity to 13 Million Bpd
The world’s largest oil company is looking to raise its production capacity by an extra million barrels per day.
Saudi Arabia
Saudi Aramco Still Aims for $15 Billion Investment in India’s Reliance
Saudi Aramco said it’s still working on a deal to buy a $15 billion stake in Reliance Industries Ltd.’s refining and chemicals business, even as lower oil pri…
Saudi Arabia
Oil Rises on Saudi Aramco's Upbeat Demand View
Oil prices climbed on Monday, supported by Saudi optimism about Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shor…
Saudi Arabia
Saudi Aramco Profit Collapses But Oil Giant Retains $75bn Dividend
State oil giant Saudi Aramco saw profit collapse nearly 75 per cent in the second quarter as the coronavirus pandemic decimated oil prices around the world.
Oil Price
Saudi Aramco Profit Drops 50% for First Half of the Year as Pandemic Batters Oil Price
Oil giant Saudi Aramco reported a 50% fall in net income for the first half of its financial year, reflecting a devastating year for oil markets and the global …
Oil & Gas Trade
U.S. Sends Crude Oil To World’s Top Exporter Saudi Arabia
The U.S. sent in June its first crude oil shipment to Saudi Arabia since the ban on crude export was lifted in 2015, which was also the first shipment since one…
Saudi Arabia
EWEC Announces Partners to Develop the World’s Largest Solar Plant
The Emirates Water and Electricity Company (EWEC), a leading company in the coordination of planning, purchasing and providing of water and electricity across t…
Saudi Arabia
MENA Fund to Increase Saudi Investments with Eye to Recovery
Middle Eastern fund managers plan to increase investments in Saudi Arabia in the current quarter, betting on the kingdom’s ability to bounce back from the coro…
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