13 Dhu al-Hijjah 1445 - 20 June 2024
    
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Eye of Riyadh

Minister of Energy decides to amend dry gas distribution tariff
Environment & Energy | Saturday 23 March, 2024 6:29 am
Minister of Energy, Prince Abdulaziz bin Salman, decided to amend the dry gas distribution tariff for the Natural Gas Distribution Co. in Riyadh Second Industrial City and East Gas in Dammam Second Industrial City.  Under the decision, the tariff for the Natural Gas Distribution was...
The Arab Energy Fund posts highest net income on record for second straight year
Environment & Energy | Friday 22 March, 2024 1:53 am
The Arab Energy Fund (formerly APICORP), a multilateral impact financial institution focused on the energy sector, announced today its financial results for the period ended December 31, 2023.   In a statement to Argaam, the results showed that the fund achieved its highest ever net...
Department of Energy - Abu Dhabi report highlights performance of power distribution to industrial sector in emirate
Environment & Energy | Tuesday 19 March, 2024 2:53 pm
The Department of Energy – Abu Dhabi’s 2023 report has highlighted the outstanding performance of the emirate’s power grid, according to SAIFI and SAIDI reliability indices, with specific reference to the supply of electricity to industrial zones and companies operating within them.In this...
DEWA reduces carbon emissions by 92.5 m tonnes with production efficiency
Environment & Energy | Wednesday 13 March, 2024 12:49 pm
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), has revealed that DEWA made a significant achievement in improving electricity and water production efficiency, with a 41.73 percent increase in 2023 compared to 2006. This equates to a cumulative reduction of 92.5 ...
oil & gas to be key part of global energy mix for decades to come: Nasser
Environment & Energy | Sunday 10 March, 2024 10:40 am
Saudi Arabian Oil Co. achieved its second-highest ever net income in 2023, despite a backdrop of economic headwinds, as the company witnessed healthy cash flows and high levels of profitability, President and CEO Amin Nasser said in a statement commenting on the financial results for...
UAE Ministry of Defence, Masdar sign partnership agreement to develop multi-solar plants across Abu Dhabi
Environment & Energy | Friday 8 March, 2024 7:16 am
The UAE Ministry of Defence and Abu Dhabi Future Energy Company PJSC (Masdar) have signed a partnership agreement to develop multi-solar plants across Abu Dhabi.Emerge, a joint venture between the UAE’s Masdar and France’s EDF Group, will provide a full turnkey solution for the projects,...
UAE participates in Southern Gas Corridor Advisory Council's 10th Ministerial Meeting in Baku
Environment & Energy | Monday 4 March, 2024 11:26 am
Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, headed the UAE's high-level delegation to the Republic of Azerbaijan to participate in the 10th Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory Council and the 2nd Ministerial Meeting of the Green Energy...
UAE extends additional voluntary output cut of 163,000 bpd through end of June 2024
Environment & Energy | Monday 4 March, 2024 11:24 am
The United Arab Emirates announced that it will extend its additional voluntary cut of 163,000 barrels per day (bpd), for the second quarter of 2024, in coordination with some OPEC+ countries. In a statement, the UAE said that its production will remain at 2.912 million bpd until the end of...
Significant rise in Jafurah field proven gas, condensate reserves: Minister
Environment & Energy | Sunday 25 February, 2024 7:50 am
Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz stated that Saudi Aramco was able to add large quantities of proven reserves of gas and condensate in the unconventional Jafurah field, the Saudi News Agency (SPA) reported.   The additional quantities...
Al Jalila Foundation and Positive Zero Inaugurate Rooftop and Carport Solar Project
Environment & Energy | Tuesday 20 February, 2024 10:06 am
Al Jalila Foundation, which leads the giving mission for Dubai Health, the first integrated academic health system in Dubai, and Positive Zero, the largest decentralized decarbonization infrastructure business headquartered in the UAE, have inaugurated a solar power project installed on the rooftop ...
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