Energy
Company outlines ambitious growth plans for 2024 and beyond
Government-owned company expands investments in the oil sector
New refinery boasts a daily refining capacity of 230,000 barrels of crude oil
Developing 550+ barrels of oil in 5 years
Upon receiving a directive from the ministry of energy
Atomic energy breakthrough could revolutionize tech industries
Saudi refinery output declined by 0.47 percent, reached 2.11 million bpd
Red Sea tensions add to shipping costs but energy flows unaffected
Construction of the substations resulted in a total of 996,648 man-hours
Qatar continues global LNG dominance with strategic long-term agreements
Production set initially at 3,000 barrels of crude oil per day
OPEC to cut output by 2.2 mbpd while US production to increase to 13.3 mbpd
Investing in renewable energy projects worth $188 billion
Successful outcome promises to derisk multiple trillion cubic feet of prospective gas resources
Saudi’s ACWA Power signs $800 mn power purchase agreement for South African hybrid renewable project
Operation to commence by Q2 2026
Russia to tighten oil restrictions in early December
Putin plans to visit Saudi Arabia, UAE this week, aide says
Developing Natrium technology to produce carbon-free electricity
Saudi extends voluntary 1 mn bpd production cut through March
Policy-setting gathering moved from November 26 to November 30
Ambitious plan for Mediterranean gas wells gains momentum
Reversing Monday’s increase and outweighing potential additional supply cuts
OPEC+ has been reducing oil production by 5.16 million barrels per day
