Alfanar Projects (formerly Alfanar construction) has announced plans to inject nearly SR10 billion ($2.7 billion) for the development of five residential communities in NEOM, a mega project under construction in Saudi Arabia, Trade Arabia reported. A leading global project developer and provider of engineering, construction and technology solutions with roots in Saudi Arabia, Alfanar said […]
Author Archives: Faiza Rizvi
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Jordan’s Risha gas compression project to begin operations this year: Minister
Jordan’s gas compression plant (Jordan chlorine) that is currently under construction in the Risha area, will complete installation of gas units in two months and will be commercially operational by the end of this year, the Jordan Times reported, citing Jordan’s Minister of Energy and Mineral Resources Saleh Kharabsheh. The gas plant, which is one […]
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Qatar to build major oil refinery in Iraq and launch new company for oil tankers
Qatar and Iraq have signed an an MoU to establish a 150,000 barrels per day oil refinery in Iraq, the Peninsula reported. Both countries have also signed an MoU to establish a joint company that will build and operate oil tankers that carry crude oil and petroleum products according to the laws in force in […]
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Eid Al Adha 2023: Saudi Arabia calls Muslims to sight moon on Sunday
Saudi Arabia has called on Muslims in the kingdom to sight the crescent moon that would determine the dates for Eid Al Adha 2023, Arabian Business reported. It is expected that the crescent moon, which will mark the start the month of Dhul Hijjah, will be sighted on Sunday. The statement was released on the state-run […]
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UN chief slams carbon capture; calls oil and gas producers ‘planet wreckers’
UN secretary-general António Guterres attacked the oil and gas industry attempts to justify fossil fuel expansion with carbon capture technology as “proposals to become more efficient planet wreckers”, in a speech that appeared to be take aim at the UAE hosts of COP28, the Financial Times reported. The industry’s stated plans to deal largely with […]
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Algeria’s Sonatrach signs $800 million contract for oil and gas projects
The contract includes the construction of an LPG extraction unit, the drilling of twelve oil wells, and one water injection well among other projects
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L&T to bid for $20 billion oil and gas projects, head of energy says
Indian EPC giant L&T will bid for hydrocarbon orders worth $20 billion in the current fiscal year and hopes to convert 15% to 20% of bids into executable orders, Subramanian Sarma, whole-time director and senior executive vice president of Energy, told Moneycontrol. Sarma said L&T has a “strong order pipeline,” which gives the company a […]
Posted inEnergy Transition
Saudi Aramco, NEOM buy carbon credits at world’s largest auction
Saudi Aramco, the world’s largest oil firm, purchased the largest number of credits
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Qatar eyes $5 billion investment in Iraqi projects
Qatar plans to invest $5 billion in a number of sectors in Iraq over the coming years, Reuters reported, citing Qatari state news agency that cited quotes from Qatar’s Emir Sheikh Tamim bin Hamad al-Thani. The emir arrived in Iraq on an official visit where he signed memorandums of understanding (MOUs) to expand cooperation on […]
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Ambani’s Reliance to raise up to $2 billion for expansion: Report
Reliance plans to utilize India’s dedicated external commercial borrowing route to secure the loan
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