[Editor’s note: The story was updated on June 2, 2023} Iraq is going full throttle in its oil and gas development and held a resumption ceremony for a project award to a Chinese firm to build a crude oil depot for export with a capacity of around 3.2 million barrels, Zawya reported, citing Iraqi officials. […]
Author Archives: Faiza Rizvi
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Iran a responsible member of the OPEC family: Secretary General
OPEC will welcome Iran’s full return to the oil market when sanctions are lifted, the secretary general of the Organization of the Petroleum Exporting Countries (OPEC) told the Iranian oil ministry’s website SHANA on Monday. “We believe that Iran is a responsible player amongst its family members, the countries in the OPEC group. I’m sure […]
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GE Gas Power empowers Kuwait’s energy future with technology centre
GE Gas Power is actively contributing to Kuwait’s energy and economic development by not only providing advanced gas turbines, services, and upgrades but also by fostering the growth of local professionals through the GE Kuwait Technology Centre (GEKTC). This one-of-a-kind facility serves both domestic and international customers, including prominent oil and gas companies. It consists […]
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‘Historic day’: Bahrain’s nogaholding rebrands as Bapco Energies in diversification push
Bahrain’s Crown Prince and Prime Minister, HRH Prince Salman bin Hamad Al Khalifa, introduced Bapco Energies as the new brand identity for the kingdom’s Oil and Gas Holding Co (nogaholding) on May 29, Trade Arabia reported. During the brand unveiling, HH Shaikh Nasser bin Hamad Al Khalifa, chairman of the nogaholding (now Bapco Energies) described […]
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Samsung C&T awards contract for Qatar’s solar megaproject
Sunpure has secured a contract from South Korean engineering and construction firm Samsung C&T to supply PV cleaning robots for Qatar’s largest solar plant—the industrial cities solar power project (IC Solar). The contract requires Sunpure to provide intelligent PV cleaning robots for two solar PV plants, with 875 MW of capacity. Both projects are expected […]
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UAE unemployment insurance: Everything you need to know
The UAE has introduced an unemployment insurance scheme for all employees in the country. The scheme is mandatory and those who have not subscribed by the deadline of June 1 will face fines following the one month grace period ending on June 30. The mandatory job loss insurance is applicable for all employees in the Emirates […]
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Saudi Arabia’s energy megaprojects: 3 upcoming developments you need to know about
Saudi Arabia has announced several ambitious plans to launch a wave of megaprojects that are set to transform the country into a global economic powerhouse, as reported by Arabian Business. With investment totaling billions of dollars, the kingdom is embarking on a journey to diversify its economy away from oil, create jobs, and boost its international standing […]
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Chevron JV secures engineering contract for Rabigh complex
Chevron Lummus Global (CLG) announced a recent contract award from Saudi Arabia’s TAQAT Development Co for a new 75,000 tonnes per annum (TPA) graphite complex in Rabigh, Saudi Arabia. Under the agreement, Chevron Lummus Global will provide pilot plant testing, licensing, basic design, and additional engineering and operations support. The feedstock will be supplied by […]
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Dubai’s 2050 emissions-free plan to save $817 million
Dubai public transport will be entirely emissions-free by 2050, according to the city Roads and Transport Authority (RTA). The RTA said its new plan will result in reducing CO2 emissions by 10 million tonnes while also saving $817 million in comparison to current operations. The plan includes electric taxis, net zero buildings and sustainable waste management […]
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Kuwait relaunches tenders for Az-Zour North and Al-Khairan projects
Kuwait authorities have announced the cancellation of the tenders issued for Az-Zour North Phase 2 & 3 integrated water and power project (IWPP), Al-Khairan Phase 1 IWPP and the re-issuance of the qualifying companies to participate in a tender for the development, financing, design, procurement, engineering, construction, testing, commissioning, operation, maintenance and transfer of the projects. Az-Zour […]
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