Energy
Japan Bank for International Cooperation, Sumitomo Mitsui Banking Corp co-finance $27 million loan
With a cumulative capacity of 708 watt/capita, the UAE ranked 10th globally and first MEA country on the list
This agreement builds on the company's successful and long-standing relationship with one of its valued Japanese partners
Energy transition stalls as global primary energy demand rises to 620 Exajoules in 2023
Offer values Terna Energy's total equity at 2.4 billion euros with an enterprise value of 3.2 billion euros
Adnoc Group owns and operates the Ghasha concession, with a controlling stake of 55 percent
Al-Zour refinery boosts Kuwait's total refining capacity from 800,000 bpd to over 1.415 million bpd per day
The top 10 countries on the energy transition index are all in Europe
Agreement commencing in Q2 2024 will be facilitated through QatarEnergy's HPL Global Pte Ltd
Project to more than double ADNOC’s existing UAE LNG production capacity to around 15mmtpa
The organization forecasted 2.3 million bpd rise in world oil demand in the second half of 2024
Acquisition follows Gordon Technologies' completion of setting up its Abu Dhabi business
Following the redemption, ADNOC Distribution’s free float remains unchanged at 23 percent
Revival of projects in the energy sector key to the country’s development
This represents an increase of 145,000 bpd from April
A solar park, a green hydrogen project and a hydroelectric power plant are some of the initiatives
Global upstream oil and gas capital expenditure is expected to grow by $24 billion this year
Agreement to supply Idemitsu Kosan with 6 million tons of naphtha over the next 10 years starting in July 2024
This extension builds upon previously agreed reductions of 3.66 million barrels per day announced in 2022 and 2023
Petrol prices have reduced for the first time in June after rising month-on-month since February
Mozambique's Coral South LNG development has a production capacity of almost 3.5 mtpa
Data also showed that Saudi refineries' crude throughput fell in March by 0.115 million bpd to 2.560 million bpd
ADNOC also signed a 20-year LNG off-take agreement for 1.9 million tonnes per annum of LNG
