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Subscriber

Recent gloomy reports on a downturn in Saudi economic growth were underpinned by the announcement that Riyadh was extending its 1m b/d production cut until end-2023. However, the higher prices are not enough to make up for the fall in output. 

Saudi Arabia
Subscriber

The Bahraini Ministry of Electricity and Water Affairs signed a contract to develop a 72MW solar photovoltaic (PV) project  – the largest such scheme yet in Bahrain and representing a significant step towards the government's goal of developing 250MW of renewable energy capacity by 2025.

Bahrain
Subscriber

Abu Dhabi National Oil Company (Adnoc) said it was pushing ahead with the region’s first geothermal power project, following the conclusion of testing at two wells in Abu Dhabi. 

United Arab Emirates (UAE)
Subscriber

Securing workable energy, economic and security relations with Turkey has even greater urgency for Iraq's Kurdistan Regional Government as the KRG says it can no longer afford to pay its employees’ salaries due to the closure since late March of the vital crude oil export pipeline.

Iraq | Turkey
Issue 1174 - 28 July 2023

Saudi-Chinese petrochemicals deal

Subscriber

Saudi Aramco underlined the kingdom's deepening relationships with China when the national champion announced the acquisition of a 10% stake in Rongsheng Petrochemical Company.

Saudi Arabia
Subscriber

While the Kurdistan Region of Iraq (KRI) suffers from its Turkish pipeline closure, the federal Government of Iraq (GoI) is also in an uncomfortable situation when it comes to energy trade – despite the good news that TotalEnergies and its partner QatarEnergy have finalised their headline $27bn deal to develop a roster of major hydrocarbons and renewables projects.

Iran | Iraq
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A United Nations Development Programme (UNDP)-led project to remove the estimated 1.14m barrels of oil from the stricken floating storage and offloading (FSO) vessel Safer got under way, with the first crude being transferred to the replacement tanker Yemen, which was recently retitled from its previous name of Nautica.

Yemen
Subscriber

As the UAE extends its interests in mining and other sectors across Africa, state minister for foreign affairs Sheikh Shakhbut Bin Nahyan Al-Nahyan has been meeting leaders around the continent.

United Arab Emirates (UAE)
Free

Commerce spoke louder than diplomacy when the state-owned QatarEnergy announced a ten-year deal to supply condensate to the Dubai government-owned Emirates National Oil Company (Enoc). It represents the first major commercial deal since the two Gulf Co-operation Council partners (or mainly, in recent years, rivals) agreed in June to reopen their respective embassies.

United Arab Emirates (UAE) | Qatar
Subscriber

Iran has been flexing its muscles in oil and gas disputes with its Arab neighbours, in what could be an attempt to ensure the recent trend towards rapprochement with regional and international powers happens on its terms. But factional disputes within the Iranian elite may also be playing a role, as rivals in Tehran try to ensure their vested interests aren’t damaged.

Iran | Kuwait | Saudi Arabia | United Arab Emirates (UAE) | Israel | Iraq
Subscriber

The UAE’s hosting of the COP28 climate summit in November comes just as Gulf companies and investors are playing an ever-bigger role in electricity supply industries across Africa. Among the most prominent players, Saudi Arabia’s Acwa Power has been an early mover and Abu Dhabi-backed Infinity Power is now developing gigawatts of new capacity.

Saudi Arabia | United Arab Emirates (UAE)
Subscriber

Emirates Water and Electricity Company (Ewec) said it had received four bids to develop the 1,500MW Al-Ajban solar PV plant as an independent power project (IPP). It is Ewec’s third major PV project in Abu Dhabi and will bring the state-owned Abu Dhabi Power Corporation subsidiary's total solar capacity to around 4GW.

United Arab Emirates (UAE)
Subscriber

Qatar Airways reported in July its highest-ever revenues, confirming the Fifa World Cup’s impact in November and December. However, while the group's revenues were up 45% year-on-year to QR76.3bn ($21bn), net profits were down 21% at QR4.4bn.

Qatar
Subscriber

A contract signed in December has given the well-connected UAE company Primera Group the right to export and process much of Democratic Republic of Congo's artisanal gold, attracting scrutiny and criticism inside and outside the African country.

United Arab Emirates (UAE)
Free

There are many reasons for environmentalists to be suspicions about the UAE's stewardship of the upcoming UN Climate Conference COP28, but it could prove a historic mistake for the mostly western critics to underestimate the summit's president-designate Sultan Al-Jaber. While detractors fear the event is morphing into a vehicle for hydrocarbons industry lobbying, the UAE claims it is serious about renewable energy and is recruiting a potentially powerful southern alliance to its side.

United Arab Emirates (UAE)