The payment would represent a fee of about 1 per cent on the $40bn Aramco is seeking to raise
The contractor bid 1.7 cents per kilowatt-hour for the photovoltaic plant at the Mohammed bin Rashid Al Maktoum Solar Park
Workers at Aramco worked 24 hours a day to restore output after the attacks on Khurais and the Abqaiq processing plants disabled 5 per cent of global supply
About 2 per cent of Aramco may be sold, which could raise $40bn
TC Energy is working with an adviser to sell up to 75 per cent of Coastal GasLink, which is estimated to cost $4.7bn to build.
Company has operational centres in Abu Dhabi and Sharjah
The sale is likely to draw interest from infrastructure funds and private equity firms
Saudi production tumbled by 1.47 million barrels a day to 8.36 million
Aramco has reportedly approached state oil producers as well as wealth funds in Malaysia, China, UAE and Kuwait
Saudi Aramco is producing more than 9.9 million barrels a day of crude
The new programme will give loans of up to SAR1.2bn targeting renewable-energy component manufacturers
The UAE links fuel prices to movements in international oil rates
Aramco is speeding up preparations for the IPO with an aim of listing on the Saudi bourse as soon as November
The firm is targeting a valuation of at least $2 trillion — more than double that of Apple
Aramco has now restored pre-attack capacity of 4.9 million barrels a day at Abqaiq and 1.3 million barrels a day at Khurais
New plant at Nestlé Middle East’s Al Maha factory contains about 28,000 solar panels – enough to take about 1,500 cars off roads
Power Nigeria, arguably one of the most important renewable energy trade exhibitions in Africa, returns this week
A number of wind energy projects have recently come on-line or are in development in the region
The kingdom has used oil reserves to fill the gap during the past few days
The company is ready to do it any time in the next 12 months, says chairman
The Abqaiq facility will return to processing pre-attack levels of about 4.9 million barrels per day by the end of September
The zone can produce as much as 500,000 barrels a day but has been shuttered for at least four years
The attack on the kingdom’s most important oil production facility halved Saudi output
Saturday’s strikes came just days after Aramco hired banks including Goldman Sachs Group and Morgan Stanley for the IPO
A 300 kilometre-long transmission line is set to be built from Kuwait to southern port of Faw
State energy producer Saudi Aramco lost about 5.7 million barrels per day of output in the attack on Saturday
The Tadawul All Share Index fell as much as 3.1 per cent
Facilities at Abqaiq and the nearby Khurais oil field were attacked early on Saturday morning
In June, America’s crude-oil shipments surged to more than 3 million barrels a day
Expected demand for OPEC crude next year of 29.4 million barrels a day is below current production of 29.7 million