Riyadh, Monday 8 April, 2019: Khalid Al-Falih, Saudi Arabia’s Energy Minister, said the Kingdom does not plan to deepen its oil production cuts. He added that oil markets are “healthy.”
Speaking to Manus Cranny, Bloomberg Television, Al-Falih said that the OPEC+ meeting in May will be a “key” gathering. He added that it’s still “premature” to decide if they will cut inventory.
Other highlights from the interview include:
Investor demand for Saudi Aramco’s debut dollar bond has exceeded $30 billion, Al-Falih said. The securities, which haven’t priced yet, will be the first of many debt offerings by the company.
Al-Falih said he still hopes that Saudi Arabian Oil Co., as the company is formally known, will proceed with an ......read more
Shuqaiq 3 will have a capacity to produce 450,000 cubic metres per day and serve 2 million people
This will be the company's third such facility, after Al Khobar 1 and Al Jubail RO4 (built in 2015)
With these three projects, the Spanish company will provide water to more than 3 million people
30 January 2019, Dubai United Arab Emirates: Water and Electricity Company LLC (WEC), the Saudi Arabia state-owned company in charge of desalination and water treatment projects, has awarded ACCIONA — along with its consortium partners Marubeni Corporation, Abdul Latif Jameel-CDC and Rawafid Alhadarah Holding Co. — the contract to finance, design and build the new Shuqaiq 3 desalination plant and operate and maintain it for 25 years.
This project, ACCIONA Agua's biggest so ......read more
January 23 2019, Saudi Arabia: Speaking to Bloomberg Television’s Jonathan Ferro, Saudi Aramco CEO Amin Nasser said the oil giant is talking to credit rating agencies in preparation for its foray into the international bond market. Aramco is looking at a potential bond sale to pay for SABIC.
Other highlights include:
“We will decide soon how much we would like to take from the bond market. Definitely it is going to be an international bond. We are currently in discussion with regard to how much and where.”
Aramco has no intention of buying more than 70% in SABIC
Aramco’s 2018 results are “great”
Big opportunities to help increase petrochemical output in the Kingdom to USD 453.3 billion by 2030
January 23, 2019 – Under the patronage of His Royal Highness Prince Mishaal Bin Majid bin Abdulaziz Al Saud, Governor of Jeddah, the Jeddah Centre for Forums and Events is set to host the 16th edition of the Saudi Plastic and Petrochemical Exhibition, organized by Riyadh Exhibition Company. The event, taking place from 27-30 January 2019, will host industry leaders from the Kingdom, the region and around the world as they discuss the latest developments related to the plastics and petrochemical industries at local, regional and international levels. The exhibition, supported by both government and private sectors, is strategically important as it provides an ideal platform to enable local companies to establish a base ......read more
H.E. Eng. Khalid bin Abdulaziz Al-Falih witnessed the significant progress being made at Barakah
16 January 2019: H.E. Eng. Khalid bin Abdulaziz Al-Falih, Minister of Energy, Industry, and Mineral Resources for the Kingdom of Saudi Arabia (KSA) expressed his appreciation for the significant development of the Barakah Nuclear Energy Plant in a recent visit to the UAE. H.E. Eng. Al Falih commended the Emirati workforce who are highly skilled in the nuclear sector and committed to developing their skills and knowledge. H.E. Eng. Al-Falih was briefed on the latest developments of the Barakah Plant, located in the Al Dhafra region of Abu Dhabi Emirate.
H.E. Eng. Al-Falih and his delegation were received at the Barakah Nuclear Energy Plant by H.E. Eng. Mohamed Al Hammadi, Chief ......read more
Dubai, UAE, January 13, 2019: As part of the third Global Energy Forum, His Excellency Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources of the Kingdom of Saudi Arabia delivered the opening address for day three of the Forum.
His Excellency Al-Falih later joined Frederick Kempe, President and CEO of the Atlantic Council, on a panel titled 'An Update On Saudi Vision 2030 and The Oil Market' .
Event to highlight contributions of petrochemicals to local economic diversification efforts
Saudi Arabia, January 07, 2019- Under the support of Diamond Sponsor SABIC, the 16th Saudi Plastics and Petrochemicals Exhibition will convene local, regional, and international industry leaders to discuss the latest technologies, services, and innovations in the plastics and petrochemicals sectors that are considered major economic contributors in Saudi Arabia. Taking place from January 27 to 30, 2019, the event backed by leading companies who will highlight the role of the two industries in the government’s ongoing economic diversification efforts.
The Saudi Plastics and Petrochemicals Exhibition 2019, which will take place at the Jeddah Center Forums and Events, will focus on sustainability and protection of the ......read more
Saudi Arabia, September 19, 2018: According to ICAEW’s latest Economic Insight report, the outlook for the Saudi economy remains strongly tied to the developments in international oil markets. Rising oil prices this year and potential supply disruptions from Libya, Venezuela and Iran, have improved the economic prospects for the Saudi economy, given the Kingdom’s role as a major oil producer with substantial spare production capacity. Despite the positive outlook, the accountancy and finance body says certain challenges to the Saudi economy remain.
Economic Insight: Middle East Q3 2018, produced by Oxford Economics, says the Saudi economy is expected to rebound to 2.1% growth this year against a backdrop of rising oil production, higher public spending, steady progress of economic and social reforms and ......read more
UL, through Gulf Renewables Lab, delivers its first solar power technology training and certification course in Dammam, KSA
Five-day session guides in the safe installation and maintenance of photovoltaic (PV) panels and systems.
Extensive training course created to help provide the highly-skilled and qualified workforce essential for MENA countries to develop their renewable energy industries.
Dubai, UAE, 23 May, 2018: Gulf Renewables Lab (GRL), a UL-GCC joint venture, is leading the drive towards a greener future for the region with the launch of its first solar panel installation program in Saudi Arabia. The firm recently completed its first five-day training session at GRL in Dammam, KSA in cooperation with Saudi Arabia’s National Power Academy.
Candidates received hands-on training ......read more
Saudi Arabia, April 5, 2018: The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, signed a EUR 68 million Syndicated Murabaha agreement with the Government of Republic Cameroon.
The Facility will be used for the purchase of crude oil and the sale thereof to the republic of Cameroon through the national refinery company (SONARA), state-owned enterprise.
The agreement was signed by Eng. Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation (ITFC) and Minister of the Economy Planning and Regional Development – Alamine Ousmane Mey, which took place in Tunisia during the 43rd Meeting of the Board of Governors of the IsDB.
Speaking at the signing ceremony held in Tunisia, Eng. Hani Salem Sonbol, ITFC CEO, stated: “In line ......read more
3 new stations to open in Dubai
3 major station extensions in Abu Dhabi
Abu Dhabi, UAE – January 24, 2017: ADNOC Distribution, the UAE’s leading fuels and convenience retailer, has announced plans to open at least 13 new service stations in 2018 including, for the first time, sites in Dubai and the Kingdom of Saudi Arabia.
Three new service stations are planned for strategic locations across the Emirate of Dubai, nine new stations will open in the Emirates of Abu Dhabi, Ajman and Fujairah and at least one site will open in the Kingdom of Saudi Arabia (KSA), under a franchise agreement. In addition, major extensions will be completed at three existing stations in Abu Dhabi in 2018.
ADNOC Distribution’s Acting CEO, Saeed Mubarak Al Rashdi, commented: “Improving service, ......read more
Saudi Arabia, January 16, 2018: HVACR Expo Saudi (14-16 January 2018 at the Jeddah Centre for Forums & Events) has hosted the first ever EU – Saudi Arabia Energy Efficiency Meeting, and seen the successful product launch of Samsung’s 68% energy saving cooling system.
The topic of HVACR has been heating up in Saudi Arabia since the outset of 2018 due to a combination of increasing power/fuel tariffs, growing public awareness, and a strengthened sense of responsibility that is sweeping the globe. Facing a new paradigm in their industry, thousands of HVACR professionals have already visited the Jeddah Centre for Forums & Events over the first two days of Saudi’s largest dedicated indoor climate and refrigeration event, HVACR Expo Saudi.
Having played host to the successful launch of the ......read more
Riyadh, Saudi Arabia, January 2, 2018: Schneider Electric and the National Grid Saudi Arabia (SA) renewed the 3-year long Memorandum of Understanding (MoU) signed 3 years ago to continue to provide the National Grid Saudi Arabia with reliable and cost-effective electricity in Saudi Arabia, through which National Grid SA and Schneider Electric will cooperate in developing and advancing electricity infrastructure in the country.
The MoU renewal, inked between Mr. Najib AlNaeem, Country President of Schneider Electric and Eng. Waleed Al-Saadi, VP Engineering of National Grid SA, facilitates the two organizations to exchange knowledge, experiences, best practices and technology through conducting periodic technical forums hosted interchangeably at their premises.
The companies will also extend their collaboration as ......read more
Dubai, UAE, January 2, 2018: An “EU - Saudi Arabia Energy Efficiency Meeting” taking place in conjunction with HVACR Expo Saudi (14-16 January 2018, Jeddah Centre for Forums & Events) will gather key decision makers and experts from both the European Union and Saudi Arabia.
A high level “EU - Saudi Arabia Energy Efficiency Meeting” is taking place in Jeddah on January 14, 2018, under the initiative of the EU GCC Clean Energy Technology Network and the European Union Delegation to Saudi Arabia, with the participation of SASO (the Saudi Standards, Metrology and Quality Organization) and other Saudi entities. The event, organized in partnership with dmg events Middle East, Asia & Africa and Eurovent ME, is held in conjunction with HVACR Expo Saudi 2018 at the Jeddah Centre for Forums & ......read more
Saudi Arabia’s Minister of Energy, Industry and Mineral Resources delivers inaugural address, urges industry-wide transformation and value creation
Dubai, United Arab Emirates, 28 November 2017 – The inaugural address at the 12th Annual GPCA Forum was delivered by H.E. Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources, Saudi Arabia, who called for the industry to embrace rapid changes within the global energy landscape as an opportunity.
The Forum is taking place between 27-29 November 2017 at Madinat Jumeirah, Dubai, under the theme ‘the chemical industry in transformation: a new journey begins’. Introducing the Forum was Yousef Al-Benyan, Vice Chairman and CEO, SABIC and Chairman, GPCA, who delivered the opening welcome address. His Excellency Suhail Al Mazrouei, ......read more
PROVEN SAUDI ARABIA Announces Their Expansion Into the Saudi Oil Region of Khobar due to an increase in business demand
PROVEN SA announces expansion into Khobar
PROVEN SA announces Q1 positive growth reported in the GCCs Oil and Gas sector
PROVEN to host a networking event exclusively for Oil and Gas professionals at OFG (Oilfield Get Together) the popular monthly Oilfield networking event on Thursday, 25th May at Ruth’s Chris Steakhouse
KSA, May 16: 2017: PROVEN SAUDI ARABIA, the leading business support services provider for the Kingdom announces their expansion into Al Khobar. Located in the Eastern Province of Saudi Arabia, Al Khobar is where the majority of Saudi Arabia's oil production takes place. The expansion reflects that the Saudi Arabia oilfield industry is anything but dried ......read more
Khobar, KSA, May 9, 2017: Air Liquide Arabia (ALAR) announced today the startup of the Middle East’s first hydrogen pipeline network in the industrial city of Jubail, on the east coast of Saudi Arabia. Designed to transport large volumes of hydrogen to customers in both Jubail I and Jubail II, the network contributes to the development of the downstream industry, the optimization of natural resources and the increase of energy savings within the Kingdom.
With a total length of over 21 km, the ALAR hydrogen pipeline provides large organizations, as well as small and medium enterprises in industries such as refining, petrochemicals, polysilicon, glass and steel, with a cost-effective and reliable alternative to existing supply solutions, contributing to enhance their industrial competitiveness, while increasing the ......read more
Abu Dhabi – UAE April 29th, 2017 - SNC-Lavalin (TSX: SNC) is pleased to announce that it was awarded a contract by Saudi Aramco for engineering and project management services for the Berri Increment Program. New facilities are proposed at Saudi Aramco’s existing plants at Abu Ali and Khursaniyah to process a potential increased output of Arabian Light crude from the Berri Field on the east coast of Saudi Arabia.
SNC-Lavalin’s scope of work includes front end engineering design for a new 250 MBCD (thousand barrels of oil per calendar day) gas oil separation plant at the existing Abu Ali Gas Plant, as well as additional facilities at the Khursaniyah Gas Plant that will process 40 MBD (million barrels per day) of hydrocarbon condensate, all associated with the Berri Crude Increment.
Under the contract, ......read more
19 April 2017, Kuala Lumpur – With OPEC due to decide at the end of May whether to prolong production cuts, the organisers of the 19th Asia Oil & Gas Conference (AOGC 2017) are delighted to confirm the attendance of H.E. Khalid Al-Falih, Minister of Energy, Industry & Mineral Resources, Kingdom of Saudi Arabia.
Minister Al-Falih will deliver the state of the industry address on the opening morning of the conference, which will take place in Kuala Lumpur from 7 - 9 May 2017.
As the world’s largest exporter of crude, and a leading member of OPEC, the Kingdom of Saudi Arabia plays a pivotal role in the global oil and gas industry. AOGC 2017 will be the place for attendees to listen to the Minister’s insights into OPEC’s production strategy, rebalancing of global supply and demand, the rise ......read more
ENGIE, through its subsidiary International Power SA, has been qualified in the first round of the tendering process for two renewable energy projects in Saudi Arabia. ENGIE is among the 27 companies selected for a 300 MW solar photovoltaic project, and among the 24 companies selected for a 400 MW wind farm. The shortlisted companies have been selected from a total of 128 applications.
The 300 MW solar photovoltaic project will be developed in the Sakaka area in the northern Al Jouf Province. The 400 MW wind farm will be built in the Midyan coastal area in Tabuk Province, which is also in the north. Both projects will be backed by long-term power purchase agreements (PPAs), i.e. 25 years for Solar PV and 20 years for Wind. The request for proposal process will be launched on 17 April, on the occasion of the Saudi Arabia Renewable ......read more
Dubai, UAE, January 31, 2017: ENGIE has been awarded the contract and achieved financial closing for the greenfield Fadhili independent power project (IPP) in Saudi Arabia, the most efficient cogeneration plant in the country.
Located in the east of Saudi Arabia, 50 kilometers northwest of Jubail Industrial City, the Fadhili project is a combined cycled gas power plant with a capacity of 1,507 MW. It will produce the equivalent of the electricity consumption of 1.4 million people. It will also produce 1,447 tons per hour of steam and 768.8 tons per hour of feed water.
Saudi Electricity Company (SEC) will be the off-taker for electricity and Saudi Aramco for the steam and feed water under 20-year Purchase Agreements. ENGIE will have a 40% equity ownership in the project company, SEC will hold 30% and Saudi Aramco Power ......read more
Fisch Asset Management: Energy sector faces challenges but reasons for optimism in Saudi Arabia
Despite World Future Energy Summit focus on Saudi diversification, oil revenues remain at heart of economic growth
Proposed IPO of Saudi Aramco could see leverage up to a maximum of 2.5x and qualify for a rating in line with the sovereign
I-CV issues independent ratings of A for UAE’s IPIC and BBB+ for TAQA
Fisch sees strong pipeline for GCC debt issuance in 2017
Dubai, UAE, January 22, 2017: Fisch Asset Management, one of the leading credit specialists, has said that despite challenges in the energy sector there is reason for optimism among investors in Saudi Arabia. The budget deficit is set to narrow in 2017, as a result of higher oil prices and diversification measures increasing non-oil revenues. However, while ......read more
With Net Profit Reaching SAR 159 Million; a 41.8% Increase Compared to the Same Period Last Year:
Riyadh, December 17, 2016
Saudia Dairy and Foodstuff Company (SADAFCO) has commenced operations of the new solar project that comes in line with the Kingdom’s 2030 vision for renewable energy, offering new employment opportunities and creates economic diversification.
“The new 2 SAR million solar power project at our Riyadh Regional Distribution Centre (RDC) is utilizing a photovoltaic (PV)-diesel hybrid system that can deliver up to 40 percent of the facility’s daytime energy requirements,” said Wout Matthijs, CEO of SADAFCO during a media tour at the RDC in Riyadh.
“We are excited that the Riyadh RDC Solar Project is operational as it is a huge step towards becoming more sustainable,” ......read more
Smart Grids can help lay the foundations for energy and cost-saving applications and renewable energy development in the MENA region
The utilities sector and the society stands to greatly benefit from wider adoption of smart grid technologies in the future
Developed countries are already leveraging smart grids to fulfill key priorities relating to energy efficiency and reliability
Jeddah, December 8, 2016: The utilities sector has historically under-invested in information technology (IT), but an increasing number of utility companies in the MENA region are waking up to the benefits of smart technology – particularly smart grids, a Booz Allen Hamilton report has found.
In Saudi Arabia, improving operational efficiency and customer service whilst contributing to the development of smart cities, is the central ......read more
Leading global engineering software provider organized one-day conference series in Middle East
Dubai, United Arab Emirates, November 10, 2016: Intergraph® Process, Power & Marine (PP&M), part of Hexagon and the world’s leading global provider of enterprise engineering software to the process, power and marine industries, organized its Middle East Users Conference in Al-Khobar, Saudi Arabia, on November 1, and in Abu Dhabi, United Arab Emirates, on November 3.
As low oil prices continue to affect the global petroleum, petrochemical, process, power and marine industries, this year’s Intergraph PP&M Middle East Road Show focused on cost-effectiveness and how to lengthen the lifecycle of existing assets. The conference featured discussions and shared best practices on how owner operators can ......read more
Dubai, UAE- Halul Offshore Services Co., the offshore marine services arm of Milaha (Qatar Navigation), won the ‘Excellence in Health, Safety & Environment Award’ at the recently concluded 2nd Offshore Achievement Awards for the jack-up rig & liftboat industry. The award ceremony was held during the annual Offshore Jack Up Middle East (OJME) Conference at The Address Hotel, ......read more
PV power plant accounts for approximately 1% of Jordan’s total power generation capacity
TEMPE, Ariz./AMMAN, Jordan, October 9, 2016 – First Solar, Inc. (Nasdaq: FSLR) today announced that it has commissioned the 52.5 megawatt (MW)AC Shams Ma’an project in the Hashemite Kingdom of Jordan, on schedule.
The plant is owned by a consortium of investors consisting of ......read more
The UAE-based company aims for KSA to make up 50 per cent of its total revenue following an exclusive agreement with the Saudi Technology Development and Investment Company subsidiary
Dubai, UAE, July 19, 2016: UAE-based DC Pro Engineering – a global leader in District Energy, Co-Generation, Tri-Generation and sustainability in Green Building MEP designs, has partnered with TAQNIA ......read more
Deloitte: OPEC’s oil market share to fall by 5% by 2018
Deloitte: New global patterns could threaten OPEC’s position on global markets
5 July, 2015- The cyclicality of the oil and gas industry is unlikely to impact the long term trajectory of the sector. However the current fluctuations may speed up some of the trends that were already unfolding according to Deloitte’s ......read more
Abu Dhabi, UAE, July 4, 2015 – Today marks the two-year anniversary of the inauguration and completion of London Array – the world’s largest offshore wind farm. The sophisticated, 630-megawatt wind power project – and Masdar’s largest international investment to date – continues to deliver clean and reliable energy to more than half-a-million homes throughout ......read more
Dubai, United Arab Emirates, 23 June 2015: The value of major active projects in Turkey is worth almost $350bn representing an excellent new opportunity for GCC contractors and consultants impacted by falling oil prices, according to new research by MEED Projects, the region’s leading online projects tracking service.
Thanks to its booming economy and fast-growing population, Turkey has ......read more
SmartPlant® Enterprise solutions selected for integrated data and optimal plant operation and maintenance
Dubai, United Arab Emirates, June 15, 2015 – Yanbu Aramco Sinopec Refinery Company Ltd. (YASREF) has recently chosen Intergraph® SmartPlant® Enterprise solutions to optimize the operation and maintenance of its full-conversion refinery. The project is a significant ......read more
Call for Papers Breaks Industry World Record with 2,278 Proposals from 540 Organizations Across 65 Countries
Abu Dhabi, UAE – 23 June 2015 – Global industry leaders and decision-makers are set to make the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) 2015 a record-breaker, with the number of abstract submissions for the Conference Programme rising 26 ......read more
Pursuit of Local Water, Energy and Environment Innovations to be Boosted by New Advanced Facility
Abu Dhabi-UAE: 22 April, 2015 ̶ Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, is launching its new Analytical Chemistry and Biochemistry (ACBC) Laboratory as part ......read more
Safety Maturity Index tool provides insights into where and how manufacturers need to optimize safety to improve plant performance
Abu Dhabi, UAE – 13th May 2015 – Rockwell Automation today announced the Safety Maturity Index (SMI) tool, a self-guided assessment that gives manufacturers visibility into the effectiveness of their safety programs and the ability to optimize plant ......read more
UAE, May 14, 2015- Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of Civil Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil and Gas reported today the financial results for Q1 2015 ended March 31st.
Revenues recorded for the quarter stood at AED 1.11 billion ......read more
Riyadh – May 09, 2015: Saudi Power 2015 – The International Trade Exhibition for Power is set to open next Monday, May 11, 2015, at the Riyadh International Convention & Exhibition Center (RICEC) under the patronage of the Saudi Ministry of Water and Electricity and organization by Riyadh Exhibitions Company Limited (REC), hosting 158 exhibitors from 28 countries including a ......read more
Trotec Group Germany has entered into an agreement with Vacker Group Dubai for distributing their dehumidifiers and other products in United Arab Emirate and other Middle East countries.
9 May 2015 – Vacker Dubai is excited to announce that they are now supplying international quality dehumidifiers in all of UAE, Oman, Qatar, Bahrain and Kuwait. Vacker Dubai is a distributor of The ......read more
Dubai, 5 May 2015 – Global shipping, logistics and marine services company, GAC, is further strengthening its strategic focus on the worldwide energy sector with the appointment of William Hill as its Executive Group Vice President – Oil & Gas.
Group President Bengt Ekstrand says bringing a specific senior management focus on Oil & Gas is a clear signal of GAC’s ......read more
High-tech equipment manufacturer achieves new, record efficiency for its CIGS modules on mass production line in Schwäbisch Hall
Impressive transfer of the 21.7% world record for laboratory cells of technology partner ZSW Stuttgart to mass production
CEO Dieter Manz: 16% record efficiency in module format is an important milestone, but immense potential of CIGS technology not nearly ......read more
The Saudi Telecommunications Company, the King Fahd University of Petroleum and Minerals and Ericsson collaborate to establish a centre of excellence to educate and prepare Saudi nationals for the telecommunications industry.
The centre aims to evaluate, test and transfer knowledge of emerging telecommunications technologies to students, thus preparing them for a career at STC.
KFUPM ......read more
To Build, Own and Operate the World’s Largest Industrial Gas Complex
The Facility Will Supply 75,000 Metric Tons Per Day of Oxygen and Nitrogen to Saudi Aramco Refinery in Jazan for 20 Years
LEHIGH VALLEY, Pa. (April , 2015) – Air Products (NYSE: APD) announced today that it has been awarded a contract by Saudi Aramco under a joint venture (JV) of Air Products and ACWA ......read more
March 21, 2015: The power consumption in the Kingdom of Saudi Arabia (KSA) continues to grow at a steady rate. Over the last decade, it has witnessed an average annual increase in demand for electricity, with a significant rise in the number of subscribers. In order to address the challenges faced by the country’s power industry, Riyadh Exhibitions Company (REC) is looking forward to ......read more
• To Highlight Contributions to Smart Power Management Solutions for Evolving Saudi Healthcare Infrastructure
Riyadh-KSA: 16 March, 2015 – Schneider Electric, a global leader in energy management, is set to display its comprehensive range of power management solutions at the third Saudi Forum for Hospital Planning and Design, held under the auspices of the Saudi Minister ......read more
Agreement envisions up to 4GW of renewable and natural gas projects
Sharm El-Sheikh, Egypt, March 15, 2015 – Masdar, ACWA Power and the Egyptian Electricity Holding Company (EEHC) have concluded a Memorandum of Understanding (MoU) to explore developing up to 4 Gigawatts of renewable and natural gas power generation projects in Egypt.
Dr. Ahmad Belhoul, CEO of Masdar; Paddy ......read more
24 January 2015: On January 22, 2015, in Abu Dhabi at the World Future Energy Summit, a contract for Technical Cooperation was signed between Almagar Group Environmental Energy Engineering Consultancy 3EC and Enekio in order to develop and deploy Smart Energy Solutions for Cities and Buildings and Eco System.
The document was endorsed by the signatures of Dr Ali Mohammed Almagar Al Shehri , ......read more
OPEC’s decision not to cut output is a bold move which is designed to cramp non-OPEC suppliers, especially US shale oil producers. The decision not to cut was led by Saudi Arabia and illustrates that the Kingdom is not prepared to lose out on market share in key export countries, instead it is trying to maintain competitiveness by cutting prices.
We believe oil prices ......read more
December 04, 2014 - The innovative EcoRemover® technology produced by Eurosicura S.r.l has been receiving positive feedback and favorable response from oil and gas companies across the GCC and the rest of the world due to its cost-efficient and eco-friendly benefits. Best Choice, an international real estate investment and development firm based in the Gulf and the EcoRemover® ......read more
Riyadh – November 24, 2014: MEED, the Middle East Business Intelligence, lists 26 projects worth USD 15 billion underway in the Saudi petrochemical sector, while another USD 46 billion worth projects are under planning stage. The plastic industry, on the other hand, is being developed to support economic diversification away from hydrocarbons. To complement the ongoing development, Saudi ......read more
Juno Lighting Group joins Schneider Electric’s significant market presence in the Middle East; the company’s innovative luminaires will be distributed by Lumasense
Dubai, UAE– 23 November 2014 – Schneider Electric, a global specialist in energy management with operations in more than 100 countries, today announced that it has expanded distribution of its market-leading ......read more