Environment & Energy | Friday 24 August, 2018 6:03 am

Saudi Arabia insists 'committed' to Aramco IPO

Saudi Arabia on Thursday rejected reports that Aramco's planned initial public offering had been scrapped, saying the Kingdom had stepped up preparations for the stock market debut of the state energy giant. "The government remains committed to the IPO of Saudi Aramco at a time of its...

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Environment & Energy | Thursday 23 August, 2018 8:02 am

Al Falih says Aramco IPO still on, refutes media reports indicating otherwise

In response to recent media reports about the IPO of Saudi Aramco, H.E. Khalid Al Falih, Minister of Energy, Industry and Mineral Resources and Chairman of Saudi Aramco issued the following statement dismissing speculation surrounding the cancellation of the IPO as not true. “The...

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Environment & Energy | Monday 20 August, 2018 7:17 am

Rain, sandstorm likely to continue in Arafat Monday

Hussain Al-Qahtani, spokesman of the authority, said that the climatic fluctuations that took place today will continue up to tomorrow evening due to high temperatures and high humidity rates that would reach its peak in the afternoon. ...

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Environment & Energy | Saturday 18 August, 2018 2:38 pm

Aramco reinforces its leading role in global energy supply

Saudi Aramco, the world’s leading integrated energy and chemicals company, released Friday its 2017 Annual Review highlighting strategic achievements that reinforce the company’s role as the No. 1 producer of crude oil and condensate, adding value by integrating refining and...

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Environment & Energy | Saturday 18 August, 2018 1:30 am

Aramco committed to meeting future oil demand, says Saudi energy minister

Saudi state oil giant Saudi Aramco remains committed to meeting future oil demand through continued investments, the kingdom’s Energy Minister Khalid Al Falih said in a company report on Friday. Aramco, which is slated for a public share sale, “continued to prepare itself for the...

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Environment & Energy | Saturday 18 August, 2018 1:25 am

Gulf exporters to reap oil dividend as battle for Asia market share heats up

China is expected to buy more oil from Saudi Arabia and other Gulf producers as it seeks to replace US supply amid a worsening trade war with Washington. Although China last week omitted US crude from a list of a retaliatory tariffs, analysts told Arab News that the Chinese were cutting forward...

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Environment & Energy | Wednesday 8 August, 2018 2:31 am

The 2nd Edition of the Phanes Group Solar Incubator set to kick off 7th August 2018

Phanes Group, an international end-to-end solar provider headquartered in Dubai, UAE, has announced the 2ndedition of its Solar Incubator program, aimed at identifying PV projects of potential in sub-Saharan Africa by providing support to funding, and commercial and technical knowledge. The...

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Environment & Energy | Sunday 5 August, 2018 7:17 am

Saudi Arabia’s path to nuclear power

Faced with surging energy demand for economic growth, Saudi Arabia is turning to nuclear power to meet a twin challenge — how to diversify its electricity-generating mix while reducing reliance on fossil fuels. And with electricity demand in the country growing by 8 to 10 percent annually,...

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Environment & Energy | Sunday 5 August, 2018 3:15 am

Saudi Arabia resumes oil exports via key waterway

Saudi Aramco on Saturday announced an immediate resumption of crude oil shipments through the Bab Al-Mandeb Strait. “The company is keen to follow up and evaluate the current situation in coordination with the relevant authorities and to take appropriate measures to ensure the safety and...

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Environment & Energy | Wednesday 1 August, 2018 1:28 am

NPPMCL, HEI & GE announce completion of Balloki Power Plant

National Power Parks Management Company Limited (NPPMCL), Harbin Electric International Company Limited (HEI) and GE (NYSE: GE) announced the completion of the Balloki power plant, following the successful conclusion of all commissioning works and performance-related...

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