Construction of the 1200 megawatt Hassyan plant would start next year
Residents told to stop ‘squandering’ water and electricity
Both companies will bid for solar power projects that will be tendered at national and state levels, a statement said
Dubai’s stock index was up 1.0 per cent at 3,694 points after an hour
Yousef Abdullah Al-Benyan said the economics of the project were being assessed and there was a 50/50 chance it would proceed
The multi-billion dollar project has the capacity to produce one billion cubic feet of gas per day
The country is moving ahead with its oil and gas investments despite the current drop in oil prices
The kingdom’s oil minister said that the sharp fluctuations in oil prices have been happening since 1970s
Saudi Arabia led a shift by the OPEC in November 2014 to defend market share against competing supplies
The domestic diesel price will also rise to Dhs 1.89 in October from Dhs 1.86 in September, the ministry said.
Venezuela has been pushing for an emergency OPEC meeting
An industry source said the plant is not expected to start processing non-associated gas from offshore sour gas fields before the end of the year due to technical difficulties
Venezuela’s government is pushing for action to boost low oil prices that have battered its economy
The new pipeline will replace an ageing 230,000 bpd link and will help increase the processing capacity of its Sitra refinery
The tender for the project will be launched in the fourth quarter of 2015
The company currently owns two refineries in Europe and has more than 4,000 Q8 petrol service stations across the continent
Kuwait’s OPEC governor said the current imbalance stemmed from several factors and not just an economic slowdown in China
The second unit at the Barakah plant is also 53 per cent complete following the installation of steam generators
Nasser has been acting president and chief executive officer of Saudi Aramco since April
Kuwait aims to add a total of 700,000 bpd of crude oil production capacity from offshore and onshore areas
Under the new project called MGS 2, SEPCO will build a gas compressor station, industry sources said
SEC’s peak load rose by 10.2 per cent to 62,260 MW from 56,547 MW a year earlier
The statement shows that the Gulf leaders do not plan to cut back their output to support prices
The development will be located 8 km southwest of Aramco’s Dhahran headquarters
Crude suppled to the market in August was at 10.18 million bpd, down by about 78,000
Indonesia’s membership could add almost 3 per cent to the group’s oil output, which is already close to a record high
The announcement was made following the Venezuelan President’s suggestion of a summit to defend oil prices
The kingdom is encouraging investment in different energy sectors
Oil prices have more than halved since peaks hit in summer last year due to abundant supplies
The country had to shut down two oil facilities that it shared with Saudi Arabia last year