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Saudi Arabia
Energy Economy
Saudi Arabia’s Economy Grows 12% In Q2 on High Oil Prices
Saudi Arabia recorded a GDP growth rate of 11.8 percent for the second quarter, driven by a 23.1-percent rise in oil income, according to preliminary data cited
Climate Change
Saudi Crown Prince Touts Vertical Living in NEOM’s Zero-Carbon City
The zero-carbon city that Saudi Arabia plans to build at NEOM will vertically layer homes, offices, public parks and schools within a mirrored facade stretching
Oil & Gas
Putin Calls Saudi Crown Prince to Discuss Oil Market, OPEC+
Putin and MBS discuss OPEC+ and oil markets in phone call.
Oil & Gas
Oil Rallies on Supply Fears and Tight Market
A force majeure declaration by Russia's Gazprom and a disruption to the Keystone pipeline between Canada and the US have boosted crude prices
Oil & Gas
Saudi Arabia: No Additional Capacity to Increase Oil Production Beyond 13 Million Bpd
The kingdom said it is targeting production capacity of 13 million bpd by 2027
Energy Economy
South Korea, Saudi Eye Energy Cooperation
They discussed opportunities in the energy supply chain and hydrogen.
Solar
Saudi Arabia to Host World’s Largest Solar Process Heat Plant
Saudi Arabian Mining Company and industrial solar steam specialist GlassPoint have signed a Memorandum of Understanding to develop the world’s largest solar pr
Oil & Gas
Biden’s Trip to Saudi Arabia Won’t Solve the Oil Market’s Problems
Some observers expressed hope that a trip by President Biden to Saudi Arabia could spark more production and bring prices down.
Oil & Gas
Oil Jumps After Saudi Arabia Hikes Crude Prices
Oil prices rose more than $2 in early trade on Monday after Saudi Arabia raised prices sharply for its crude sales in July.
Oil & Gas
Saudi Arabia’s Oil Revenue Expected to Rise 66% To $249BN
Jadwa Investment estimates Riyadh's expenditure to increase by 5% this year.
Geothermal
Alliance to Explore Geothermal Opportunities in Saudia Arabia and Beyond
Saudia Arabian TAQA and Reykjavik Geothermal execute an Alliance to explore and identify opportunities for geothermal projects in the Kingdom of Saudi Arabia an
Hydrogen
Hydrogen Systems Announces the Establishment of their New Hydrogen Center of Excellence
Hydrogen Systems has announced the establishment of their new Hydrogen Energy Center of Excellence located in Riyadh, Saudi Arabia.
Solar
Acwa Power Selected as Preferred Bidder to Develop Solar Projects in Indonesia
The company plans to develop two floating photovoltaic plants in the biggest South-East Asian economy.
New Energy Vehicles
TotalEnergies and Saudi Arabia’s Altaaqa Collaborate on EV Charging Stations in Kingdom
Agreement aims to support reassure car sellers and end-users as they switch to electric vehicles.
New Energy Vehicles
Luxury EV Maker Lucid Scores Order From Saudi Government for up to 100,000 Vehicles
Saudi Arabia, a major investor in Lucid, has agreed to buy up to 100,000 Lucid EVs over the next 10 years.
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KEPCO Secures Saudi Jafurah Phase 2 Power Project
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Demand for advanced biofuels is anticipated to increase and reach US$ 43,197.3 million by 2033
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Sinopec Wins Engineering Contract for Saudi Arabian Green Hydrogen Project