Saturday, January 20, 2018
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Eye of Riyadh

Saudi Aramco awards $175 million contract to Baker Hughes, a GE company to boost production of Haradh and Hawiyah gas fields
Environment & Energy | Thursday 14 December, 2017 3:17 pm
Saudi Aramco has awarded a $175 million contract to Baker Hughes, a GE company (NYSE: BHGE) to drive enhanced production at the Haradh and Hawiyah gas fields, underlining the strong local partnerships of BHGE in the Kingdom.   Part of Al-Ghawar, the world’s largest oilfield, Haradh ...
Saudi Arabia to set up SR188m solar plant in Bangladesh
Environment & Energy | Thursday 14 December, 2017 7:17 am
Saudi Arabia has signed an agreement in Dhaka to set up an SR188 million solar plant in Bangladesh. The agreement was signed between the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Riyadh-based Alfanar Energy, which is a 100 percent subsidiary of the Alfanar...
Aramco lifts spending plans to $414bn over next decade
Environment & Energy | Wednesday 13 December, 2017 9:00 am
Saudi Aramco plans to raise its spending to $414 billion over the next 10 years, including on infrastructure and drilling, as the state oil giant moves into new businesses, executives said.   The spending plan is higher than Aramco’s projection last year of around $334 billion by...
Electricity tariffs to be revised from Jan. 1
Environment & Energy | Wednesday 13 December, 2017 6:38 am
The Council of Ministers has approved gradual revision of energy prices in the Kingdom including changes to electricity tariffs effective from Jan. 1. 2018, the Electricity and Cogeneration Regulatory Authority (ECRA) announced on Tuesday. Residential electricity consumption of 1-6000 KW/h...
Makkah region’s water infrastructure to be expanded at a cost of SR9 billion
Environment & Energy | Monday 11 December, 2017 9:00 am
The Saline Water Conversion Corporation (SWCC) signed several contracts aimed at increasing water supply to some governorates in the Makkah region as well as ensuring supply to areas without water at a cost of more than SR9 billion ($2.4 billion). The projects include the construction of the...
World Future Energy Summit 2018 to map transition to a sustainable economy and lead ‘cleantech’ innovation
Environment & Energy | Sunday 10 December, 2017 1:36 pm
The World Future Energy Summit (WFES), the top global event for advancing renewable energy and clean technology, will return to Abu Dhabi from 15-18 January 2018. Part of Abu Dhabi Sustainability Week (ADSW), the eleventh WFES will showcase and discuss solutions and innovations that will...
 Effat University initiates Solar Energy training program
Environment & Energy | Wednesday 6 December, 2017 2:10 pm
Aligning its mission with one of the key aims of Vision 2030, Effat University has introduced a Solar Energy training program to enable students and faculty members acquire the knowledge and the experience to diversify and capitalize on renewable energy sources.   This project involves...
SABIC to open office in Iraq as relations improve
Environment & Energy | Wednesday 6 December, 2017 4:44 am
Petrochemical giant Saudi Basic Industries Corp (SABIC) plans to open an office in Iraq soon, Saudi Arabia’s energy minister said during a visit to Iraq’s southern oil city of Basra, as relations between Riyadh and Baghdad thaw.   The headquarters of Saudi Basic Industries...
US firms invited to bid for Saudi nuclear plants
Environment & Energy | Tuesday 5 December, 2017 1:34 am
Saudi Arabia has invited US firms to take part in developing its civilian nuclear power program, Energy Minister Khalid Al-Falih said on Monday, adding the Kingdom was not interested in diverting nuclear technology to military use. Reuters has reported that Westinghouse is in talks with other...
Schneider Electric and the Saudi Electricity Company (SEC) Sign an MoU to Optimize Energy Uses and Performance
Environment & Energy | Sunday 3 December, 2017 2:16 pm
Schneider Electric and the Saudi Electricity Company (SEC) signed a Memorandum of Understanding (MoU) to provide the Saudi Electricity Company with high quality range of products and solutions especially designed for the utility market.   The MOU was signed by Country President of...