Qatari ruler Sheikh Tamim bin Hamad Al Thani is currently visiting Berlin.
The first nuclear reactor is scheduled to enter commercial operations by 2017, the UAE’s nuclear agency said.
ENEC is expected to apply for a separate operating license before it can operate the reactors as the current approval only covers the construction of the units.
State-controlled PTT and Aramco will each own 40 per cent of the project at Binh Dinh’s Nhon Hoi economic zone, with the Vietnamese government holding the remaining 20 per cent.
The turnover of Mina al-Fahal refinery will be carried out to upgrade certain equipments, the company said.
The North American shale boom has not only cut crude imports into the United States but also turned it into a net products exporter.
Dubai-based Topaz Energy and Marine dropped its $500 million London listing plans in March 2011, citing market volatility as the reason.
Brent crude hit an intraday low of $97.60 on Wednesday, its weakest level since April 18, 2013.
The reduction comes as oil prices have come under downward pressure from ample supply and concerns about slower global demand.
The governor attributed the dip in oil prices to a rise in supply and slower demand over summer.
They were able to flow around 2,000 barrels of oil per day from the Faihaa-1 well in the Mishrif formation, they said.
Stephen Kersley has resigned and Ryan Wong will take over as acting head of finance effective October 1, the company said.
Tenders to build Kuwait’s fourth refinery, al-Zour, have been extended after delays and political opposition in the past.
The UAE, specifically Dubai, has been exemplary in diversifying revenue streams, stated a report by Alkhabeer Capital.
The firm will hold a general meeting on Sept. 15, it said without specifying the possible size of the issue.
GDI, a subsidiary of Gulf International Services, will provide two new offshore rigs and two new land rigs, and extend four other contracts.
Oman’s State General Reserve Fund, Royal Dutch Shell and existing investors in GlassPoint will inject the money, which will be used to accelerate the deployment of solar steam generators.
The cost of the Hassyan power plant, which is expected to come online by 2021, is anticipated to be more than $2 billion.
Al Khodari’s new activities will include supplying and installing solar energy equipment and systems, it said in a statement to the Saudi bourse.
India, the world’s fourth largest oil consumer, imports about 80 per cent of its oil needs.
The cash raised is expected to be used for general business purposes.
The project will be financed 40 per cent equity and 60 percent debt, the company said.
The Shuweihat S3 power plant has an installed electrical capacity of 1,600 megawatts, and will be operated by Shuweihat Asia O&M Company (SAOM).
The fire has been extinguished and there was no impact on oil or gas production, a security source said.
Oman first agreed to buy gas from Iran in 2005, but price disagreements and Western sanctions that have stunted Iranian energy projects prevented any real progress.
The aluminium plant had experienced issues during the initial start-up phase last year when it had to shut one of its two smelting lines due to problems encountered during ramp-up.
The investment will boost the amount of funding for renewable energy projects to help meet growing power demand in the MENA region, IFC said.
The first shipment is expected to be sent next week, an official said.
Sipchem said in a bourse filing that the shutdown of the International Diol Co plant had started on August 29 and would last four weeks.
Located on the Samoan island of Upolu, the 550KW project was funded by UAE-Pacific Partnership Fund.