Arab

Oil & Gas Trade

How a Saudi-Russian Standoff Sent Oil Markets Into a Frenzy

Moscow refused to accept production cuts to offset the effect of the coronavirus outbreak. Now Saudi Arabia is trying an alternative: inflicting pain.

Oil Price

Saudi Arabia, Russia Brawl Creates Crude Turmoil

​Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War as Saudi Arabia and Russia signalled they woul…

Oil Price

Oil Prices Dive as Saudi Arabia Takes Aim at Russian Production

Russia on Friday rejected an agreement with OPEC on cuts in oil supplies to bolster prices.

Oil & Gas Trade

Saudi Arabia to up Oil Production after Opec Deal Falls Through

World’s largest oil exporter Saudi Arabia is planning to ramp up production to nearly 11m barrels a day in April after the three year alliance between oil cart…

Oil & Gas Trade

OPEC+ Stuck Yet Again as Saudi Arabia and Russia Disagree on Output Cuts

The OPEC+ found itself stuck yet again, after a day of talks that ended with its two most important members split over whether they should deepen production cut…

Oil & Gas Trade

Saudis Lobby for Million-Plus-Barrel OPEC Cuts, Extending Oil’s Gains

Oil rose for a third day after Saudi Arabia pushed for a deeper output cut than OPEC’s technical committee recommended a day earlier.

Saudi Economy Grows just 0.3% in 2019 as Oil Sector Shrinks

Saudi Arabia’s economy grew by a weaker-than-expected 0.3% in 2019 as the oil sector contracted sharply, official data showed on Sunday, although the non-oil s…

Supply and installation project of Farnicharab

Tenders are invited for Supply and installation project of Farnicharab

Work on Mambilla Hydropower Project Now Set to Start

The Mambilla facility, complex of dams on the Donga River in the eastern Taraba state, will produce 3,050 MW, equivalent to a quarter of Nigeria’s current inst…

Oil&Gas Drilling

Saudi Aramco Announces Regulatory Approval of Al-Jafurah Gas Field

Saudi Aramco on Saturday announced the regulatory approval of the development of the Al-Jafurah unconventional gas field in the Eastern Province, the largest no…

Nuclear Power Plant

Fuel Loading Begins at UAE’s Barakah Nuclear Plant

The United Arab Emirates on 19 February began loading the first nuclear fuel rods into the reactor at unit 1 of its Barakah nuclear power plant.

Nuclear Power Plant

The UAE OKed to Operate 1st Nuclear Power Plant

The United Arab Emirates independent nuclear regulator Monday issued the operating license for Unit 1 of the country’s $24.4 billion Barakah Nuclear Power Plan…

Nuclear Power Plant

UAE Issues Operating Licence for Arab world’s First Nuclear Plant

The UAE Federal Authority for Nuclear Regulation (FANR) has issued a 60-year-long operating licence for Unit 1 of the Baraka nuclear power plant, the first nucl…

Oil & Gas Trade

Kuwait, Saudi Arabia Start Trial Oil Pumping from Divided Zone: Kuwait Minister

Kuwait and Saudi Arabia will start trial oil production from the jointly-operated Wafra and Khafji oilfields on Sunday, Kuwait’s oil minister said.

Solar Power Plant

Abu Dhabi Island to Host Nation’s First Floating Solar Power Plant

The United Arab Emirates’ first floating solar power plant will start producing electricity off the tiny resort island of Nurai within days.