The “one of a kind” deal expands ADNOC’s access to European markets
Russia’s lead over Saudi in supplying China almost doubled to 295,000 bpd in 2018 from 150,000 bpd a year earlier
Aramco already owns Motiva, the biggest U.S. oil refinery
The kingdom already supplies 40 per cent of the crude oil consumed in South Africa
The kingdom is also investing heavily in its renewable energy sector
Masdar said it was buying stakes in the Rocksprings wind farm in Texas and the Sterling wind farm in New Mexico
Among the emirate’s big investments are the Dhs2.2bn Shams 1 project, and Dhs3.2bn Noor Abu Dhabi
The company said it had coped with declining oil prices by reducing expenditures in 2018 by $750m
Last year SoftBank announced plans to create the world’s biggest solar power project in Saudi Arabia
The kingdom hopes to generate 40 GW from solar energy, and 20 GW from wind and other sources
ADNOC plans to boost its oil production capacity to 5 million barrels per day by 2030
Leading oil producers agreed in December to cut their combined oil output, despite US President Donald Trump’s call for them not to
Last year, Saudi offered Pakistan a $6bn package that included help to finance crude imports
The swing to renewable energy will be faster than any one expects and what can be reasonably forecasted
A consortium led by France’s EDF Energies Nouvelles and Abu Dhabi’s Masdar won the bid
The oil giant previously considered issuing bonds to help it buy a controlling stake in chemicals firm SABIC
The kingdom’s reserves of easily recoverable oil have long been the world’s largest but few details were public
The UAE’s nuclear project was initially set to open in 2017
The Dhs3.2bn project is expected to generate 1,177 MW of energy
The loan will fund the $4.3bn Noor Energy 1 project, expected to become the world’s largest single-site concentrated solar power plant
The bus can seat 30 passengers with a range of 150 kilometres per battery charge
The company has so far invested $8.5bn to build capacity of 4GW in renewables projects
The company was the third highest place oil company behind Exxon Mobil and China’s CNPC
Weaker fuel oil margins and an expected drop in Asia’s crude demand could lead to the fall in prices
Oil prices have fallen more than 40 per cent from multi-year highs reached in early October
Dubai crude averaged $57.318 a barrel for December
The capacity of the fourth phase is projected to be 950MW with investments reaching Dhs16bn
Saudi Aramco Retail Co will create a network of filling stations within Saudi Arabia to sell automotive fuel
The 13-turbine project is set to be the Gulf region’s first large-scale commercial wind farm
Light crude output is currently 180,000 bpd