Ras Azzour cost estimate cut by 20-25%

Fuhaid bin Fahd al-Sharif, head of Saudi Arabia’s giant power and water desalination project, Ras Azzour, has said that the kingdom expects the project’s cost to be 20%-25% below initial estimates as the price of materials has fallen and the project description has changed, Reuters has reported. The power and water plant, which was originally […]

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Ras Azzour cost estimate cut by 20-25%

Fuhaid bin Fahd al-Sharif, head of Saudi Arabia’s giant power and water desalination project, Ras Azzour, has said that the kingdom expects the project’s cost to be 20%-25% below initial estimates as the price of materials has fallen and the project description has changed, Reuters has reported. The power and water plant, which was originally […]

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Saudi Electricity inks $1.8bn power deal

Saudi Electricity said today it has signed a contract with Doosan Heavy Industries & Construction and Arabian Bemco Contracting for a $1.84bn power project. The scope of the project involves transforming a gas-powered plant into a combined-cycle facility and adding 1,241 megawatts of power to a plant in al-Qurayyah when operations start in 2013, the […]

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Saudi Electricity inks $1.8bn power deal

Saudi Electricity said today it has signed a contract with Doosan Heavy Industries & Construction and Arabian Bemco Contracting for a $1.84bn power project. The scope of the project involves transforming a gas-powered plant into a combined-cycle facility and adding 1,241 megawatts of power to a plant in al-Qurayyah when operations start in 2013, the […]

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Saudi Electricity inks $1.8bn power deal

Saudi Electricity said today it has signed a contract with Doosan Heavy Industries & Construction and Arabian Bemco Contracting for a $1.84bn power project. The scope of the project involves transforming a gas-powered plant into a combined-cycle facility and adding 1,241 megawatts of power to a plant in al-Qurayyah when operations start in 2013, the […]

Stock Trkr
Saudi Electricity inks $1.8bn power deal

Saudi Electricity said today it has signed a contract with Doosan Heavy Industries & Construction and Arabian Bemco Contracting for a $1.84bn power project. The scope of the project involves transforming a gas-powered plant into a combined-cycle facility and adding 1,241 megawatts of power to a plant in al-Qurayyah when operations start in 2013, the […]

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UAE power project secures $2.15bn financing

Abu Dhabi Water & Electricity Authority has secured a $2.15bn long-term financing deal for the Shuweihat 2 water and power project, Reuters has reported. The 22-year financing for the project from a consortium of 15 regional and international banks is the biggest financing deal in the region this year. Shuweihat 2, Abu Dhabi’s eighth independent […]

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UAE power project secures $2.15bn financing

Abu Dhabi Water & Electricity Authority has secured a $2.15bn long-term financing deal for the Shuweihat 2 water and power project, Reuters has reported. The 22-year financing for the project from a consortium of 15 regional and international banks is the biggest financing deal in the region this year. Shuweihat 2, Abu Dhabi’s eighth independent […]

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UAE power project secures $2.15bn financing

Abu Dhabi Water & Electricity Authority has secured a $2.15bn long-term financing deal for the Shuweihat 2 water and power project, Reuters has reported. The 22-year financing for the project from a consortium of 15 regional and international banks is the biggest financing deal in the region this year. Shuweihat 2, Abu Dhabi’s eighth independent […]

Stock Trkr
UAE power project secures $2.15bn financing

Abu Dhabi Water & Electricity Authority has secured a $2.15bn long-term financing deal for the Shuweihat 2 water and power project, Reuters has reported. The 22-year financing for the project from a consortium of 15 regional and international banks is the biggest financing deal in the region this year. Shuweihat 2, Abu Dhabi’s eighth independent […]

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Kuwait refinery project may be relaunched

Sheikh Ahmad al-Fahad al-Sabah, Kuwait’s deputy prime minister for economic affairs, has said that plans for the country’s fourth oil refinery may be re-launched, after cancelling a tender to build it earlier this year following parliamentary opposition, Reuters has reported. The project could be realized after legal and regulatory reviews, he added. Related Posts:Coming Soon: […]

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Kuwait refinery project may be relaunched

Sheikh Ahmad al-Fahad al-Sabah, Kuwait’s deputy prime minister for economic affairs, has said that plans for the country’s fourth oil refinery may be re-launched, after cancelling a tender to build it earlier this year following parliamentary opposition, Reuters has reported. The project could be realized after legal and regulatory reviews, he added.

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Kuwait refinery project may be relaunched

Sheikh Ahmad al-Fahad al-Sabah, Kuwait’s deputy prime minister for economic affairs, has said that plans for the country’s fourth oil refinery may be re-launched, after cancelling a tender to build it earlier this year following parliamentary opposition, Reuters has reported. The project could be realized after legal and regulatory reviews, he added. Related Posts:Coming Soon: […]

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Kuwait refinery project may be relaunched

Sheikh Ahmad al-Fahad al-Sabah, Kuwait’s deputy prime minister for economic affairs, has said that plans for the country’s fourth oil refinery may be re-launched, after cancelling a tender to build it earlier this year following parliamentary opposition, Reuters has reported. The project could be realized after legal and regulatory reviews, he added. Related Posts:Coming Soon: […]

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Oil prices rise above $79

Oil prices climbed above $79 a barrel to a 2009 high on Monday in Asia, reported AP. Benchmark crude for November delivery rose as much as 52 cents to $79.05 a barrel but later fell back and was up 24 cents at $78.77 by midday Singapore time in electronic trading on the New York Mercantile […]

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Oil prices rise above $79

Oil prices climbed above $79 a barrel to a 2009 high on Monday in Asia, reported AP. Benchmark crude for November delivery rose as much as 52 cents to $79.05 a barrel but later fell back and was up 24 cents at $78.77 by midday Singapore time in electronic trading on the New York Mercantile […]

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Oil prices rise above $79

Oil prices climbed above $79 a barrel to a 2009 high on Monday in Asia, reported AP. Benchmark crude for November delivery rose as much as 52 cents to $79.05 a barrel but later fell back and was up 24 cents at $78.77 by midday Singapore time in electronic trading on the New York Mercantile […]

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Oil prices rise above $79

Oil prices climbed above $79 a barrel to a 2009 high on Monday in Asia, reported AP. Benchmark crude for November delivery rose as much as 52 cents to $79.05 a barrel but later fell back and was up 24 cents at $78.77 by midday Singapore time in electronic trading on the New York Mercantile […]

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Iraq to launch second auction for contracts

Abdul-Mahdy al-Ameedi, deputy director of Iraq’s Petroleum and Licensing Directorate, has announced that Iraq will hold a second auction of contracts to develop some its prized oilfields on December 11-12, Reuters has reported. Contract terms for the second round would be similar to those in the first, he said. Iraq had lowered taxes on fields […]

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Iraq to launch second auction for contracts

Abdul-Mahdy al-Ameedi, deputy director of Iraq’s Petroleum and Licensing Directorate, has announced that Iraq will hold a second auction of contracts to develop some its prized oilfields on December 11-12, Reuters has reported. Contract terms for the second round would be similar to those in the first, he said. Iraq had lowered taxes on fields […]

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Iraq to launch second auction for contracts

Abdul-Mahdy al-Ameedi, deputy director of Iraq’s Petroleum and Licensing Directorate, has announced that Iraq will hold a second auction of contracts to develop some its prized oilfields on December 11-12, Reuters has reported. Contract terms for the second round would be similar to those in the first, he said. Iraq had lowered taxes on fields […]

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Iraq to launch second auction for contracts

Abdul-Mahdy al-Ameedi, deputy director of Iraq’s Petroleum and Licensing Directorate, has announced that Iraq will hold a second auction of contracts to develop some its prized oilfields on December 11-12, Reuters has reported. Contract terms for the second round would be similar to those in the first, he said. Iraq had lowered taxes on fields […]

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Shell cuts gas flaring in Iraq

Royal Dutch Shell has said it has reduced gas flaring at oil fields in southern Iraq by 15-20%, Reuters has reported. ‘We’ve already stopped more than 100 million square cubic feet per day of flaring,’ Mounir Bouaziz, VP of Shell gas and power, told the news service. Related Posts:XM Supporting Orphans and Homeless in Iraq […]

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Shell cuts gas flaring in Iraq

Royal Dutch Shell has said it has reduced gas flaring at oil fields in southern Iraq by 15-20%, Reuters has reported. ‘We’ve already stopped more than 100 million square cubic feet per day of flaring,’ Mounir Bouaziz, VP of Shell gas and power, told the news service. Related Posts:XM Supporting Orphans and Homeless in Iraq […]

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Shell cuts gas flaring in Iraq

Royal Dutch Shell has said it has reduced gas flaring at oil fields in southern Iraq by 15-20%, Reuters has reported. ‘We’ve already stopped more than 100 million square cubic feet per day of flaring,’ Mounir Bouaziz, VP of Shell gas and power, told the news service. Related Posts:XM Supporting Orphans and Homeless in Iraq […]

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Shell cuts gas flaring in Iraq

Royal Dutch Shell has said it has reduced gas flaring at oil fields in southern Iraq by 15-20%, Reuters has reported. ‘We’ve already stopped more than 100 million square cubic feet per day of flaring,’ Mounir Bouaziz, VP of Shell gas and power, told the news service. Related Posts:XM Supporting Orphans and Homeless in Iraq […]

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Taqa CEO steps down

Peter Barker-Homek, the outgoing chief executive of Abu Dhabi National Energy Co (Taqa) has said that he decided to step down after his vision for the state-backed oil producer diverged from that of its board, Reuters has reported. ‘We discussed the future direction of the firm, my future direction I’d like to take it and […]

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Taqa CEO steps down

Peter Barker-Homek, the outgoing chief executive of Abu Dhabi National Energy Co (Taqa) has said that he decided to step down after his vision for the state-backed oil producer diverged from that of its board, Reuters has reported. ‘We discussed the future direction of the firm, my future direction I’d like to take it and […]

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Taqa CEO steps down

Peter Barker-Homek, the outgoing chief executive of Abu Dhabi National Energy Co (Taqa) has said that he decided to step down after his vision for the state-backed oil producer diverged from that of its board, Reuters has reported. ‘We discussed the future direction of the firm, my future direction I’d like to take it and […]

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Taqa CEO steps down

Peter Barker-Homek, the outgoing chief executive of Abu Dhabi National Energy Co (Taqa) has said that he decided to step down after his vision for the state-backed oil producer diverged from that of its board, Reuters has reported. ‘We discussed the future direction of the firm, my future direction I’d like to take it and […]

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