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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Bahrain issues Golden Licence to firms with $1.4 billion project investments
Bahrain has awarded its first five exclusive Golden Licences to major projects, collectively injecting over $1.4 billion into the Kingdom’s economy. The coveted Golden Licences have been granted to prominent entities including Citi, Eagle Hills Diyar, Infracorp, Saudi Telecommunication Company, and Whampoa Group. The development is expected to generate more than 1,400 job opportunities within […]
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Kuwait to replace expats with nationals starting next month: Report
Kuwait has intensified its crackdown on foreign workers in its latest localisation drive that will see nearly 150 Kuwaiti citizens replacing expat workers in cooperative societies. According to insider sources cited by Al-Qabas daily, this move aims to address challenges highlighted by the Demographics Amendment Committee and pave the way for a more Kuwaiti-centric workforce. […]
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Saudi Arabia’s SABIC awards major contract for $76 million solar project
Saudi Arabia’s chemical company SABIC has awarded a lucrative contract to Spanish utility Iberdrola for the development of a 100 MW captive solar plant for SABIC’s industrial complex in Spain. The photovoltaic (PV) solar project will have an investment of $76 million. The power plant will be located on land owned by SABIC in the […]
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