energy

Saudi Aramco has finalized agreements for the second phase of its Jafurah gas field development and the third stage of the expansion of its master gas system, awarding contracts exceeding $25 billion. The company has granted 16…
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One of Egypt’s largest fertilizer companies said on June 27 it would partially switch to hydrogen supplies as the country struggles with a shortage of natural gas that has led to widespread blackouts. Abu Qir Fertilizers — along with…
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Saudi Arabia’s energy giant Aramco has topped a list of the world’s largest oil companies in terms of proven reserves, boasting figures 15 times greater than its nearest competitor, according to newly calculated figures. Statista, a…
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Saudi Aramco has agreed to buy 5 million tonnes of liquefied natural gas per annum from US-based company Sempra over a 20-year period. This deal follows the announcement by the subsidiaries of both firms that they have executed a…
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Saudi Arabia is set to add 5,500 megawatts of solar energy following the signing of three deals by its principal buyer, advancing its strategy to enhance renewable sources. The Saudi Power Procurement Co. finalized power purchase…
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The world’s largest renewable energy survey will take place in Saudi Arabia, it has been announced – with the installation of 1,200 measuring stations. The Kingdom’s Energy Minister Prince Abdulaziz Al-Saud inaugurated the Geographic…
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Significant investment is needed to unlock the potential 1,400 gigawatts of offshore wind energy in the Middle East and North Africa, an analysis has found. In its latest report, the Global Wind Energy Council said Saudi Arabia, Morocco,…
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Saudi Arabia has secured the third position among the Gulf nations in a global Energy Transition Index, according to the latest findings released by the World Economic Forum. The report, titled “Fostering Effective Energy Transition…
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Global industries must halve emissions by the end of this decade to reach 2050 net-zero targets, according to a new analysis urging for increased clean energy infrastructure spending. In its latest report, compiled in association with…
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The Biden administration is ready to release more oil from the US strategic stockpile to stop any jump in petrol prices this summer, the Financial Times reported on Monday. Senior Biden adviser Amos Hochstein told the newspaper that oil…
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