Saudi Basic Industries Corporation, known as SABIC, emphasized renewed focus on empowering women and ensuring equal career opportunities for all, as part of the company’s growth strategy and ambition to be the preferred employer globally. SABIC’s initiatives include SHE, the company’s women’s network, where participants exchange ideas and experiences, identifying opportunities in line with the […]
Author Archives: Faiza Rizvi
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Iraq, TotalEnergies to finalise $27 billion deal soon, says oil minister
French oil major TotalEnergies and Iraq will soon finalise a long-delayed $27 billion energy deal and talks “have reached advanced stages”, Reuters reported, citing Iraqi oil minister Hayan Abdel-Ghani. “We will activate the deal very soon,” Abdel-Ghani said at an energy event. The proposed deal, which Baghdad hopes will revive foreign investment in the country, […]
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Saudi Arabia’s futuristic city NEOM to build its first hydrogen fueling station
Saudi Arabia’s NEOM city will soon build its first hydorgen fueling station. Air Products Qudra signed an agreement with ENOWA, NEOM’s energy, water and hydrogen subsidiary, to build, own, and operate NEOM’s first hydrogen fueling station, providing critical infrastructure for NEOM’s sustainability goals. The initiative will help to decarbonise heavy modes of transport in NEOM, […]
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APICORP reports $164 million net comprehensive income on the back of ‘strategic priorities’
Arab Petroleum Investments Corp (APICORP), the Dammam-based multilateral financial institution focused on energy in MENA, witnessed a 40% YoY surge in net comprehensive income to $164 million in 2022. Despite a volatile macroeconomic backdrop that included a decline in global equity prices, APICORP reported a strong financial performance, which, according to Chairman of APICORP Aabed […]
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‘Let’s grow together’: Contracting giant NMDC launches supplier engagement platform
National Marine Dredging Group (NMDC Group) and the Abu Dhabi Chamber of Commerce and Industry have launched the ‘Let’s Grow Together’ supplier engagement platform aimed at bolstering business opportunities for Abu Dhabi-based suppliers. NMDC Group currently has more than AED 54 billion worth of projects under execution and has demonstrated the success of its geographic […]
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Saudi Arabia, Russia confirm oil production cuts until end of 2023
Saudi Arabia and Russia reaffirmed their commitment to the recent OPEC+ decision to cut production until the end of 2023 during a high-level meeting held in Riyadh on Thursday, Saudi Gazette reported. Saudi Energy Minister Prince Abdulaziz bin Salman, who is also the head of the Saudi side in the Joint Saudi-Russian Intergovernmental Commission on […]
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Petrofac’s technical training center celebrates five successful years
Takatuf Petrofac Oman (TPO), which provide hands-on technical training and national and international qualifications for technicians working in the energy and manufacturing sectors, celebrated its fifth anniversary at its technical training institute in Muscat, Oman. Established in 2018 by Takatuf, Oman-based consultancy firm and joint venture partner Petrofac, TPO has established itself as one of […]
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Iraq launches bids for seven oil refinery projects
Iraq has invited investors to build seven oil refineries in various parts of the country as part of a post-war drive to rebuild its oil and gas sector, Zawya Projects reported, citing the local press reports. Bids for three refineries opened on Wednesday while offers for three other refineries will be submitted in April, they […]
Posted inEnergy Transition
TAQA signs agreement to establish Riyadh-based geothermal venture
PIF-backed Industrialisation and Energy Services Co (TAQA)Â has signed a joint venture agreement with Reykjavik Geothermal to establish TAQA Geothermal Energy LLC, headquartered in Riyadh, Saudi Arabia. TAQA Geothermal will explore and develop geothermal resources in Saudi Arabia and the MENA region contributing to Saudi and Middle East Green Initiatives’ decarbonisation targets. TAQA said in […]
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Aramco, Linde to jointly develop ammonia cracking technology
Saudi energy giant Aramco will partner with global industrial gases and engineering company Linde Engineering to jointly develop a new ammonia cracking technology. The collaboration between the two companies will combine Linde Engineering and Aramco’s experience and capabilities in industrial research and development, lower-carbon hydrogen, and ammonia cracking technology, Aramco said in a press release. […]
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