OPEC+ is set to hold a meeting on May 5, where eight member countries will discuss the plan for oil output in June. Some members are proposing to accelerate oil output increases for a second consecutive month, following a significant rise in May. In April, oil prices fell to a four-year low due to factors...
Africa and the Middle East are projected to install a total of 2.9 gigawatts (GW) of new onshore wind capacity in 2025, as reported by the Global Wind Energy Council (GWEC). The council’s annual ‘Global Wind Report 2025’ indicates that Africa is expected to contribute 1.6 GW to this total, while the Middle East aims...
Saudi Arabia and India have reached an agreement to deepen their energy ties and enhance cooperation across various sectors, including defense, tourism, and culture. This initiative aims to strengthen their economies amid global uncertainties. The two countries committed to establishing two oil refineries in India and collaborating on multiple areas, such as petrochemicals, electricity, renewable...
The Minister of Energy of the Kingdom of Saudi Arabia, Prince Abdulaziz bin Salman bin Abdulaziz, met with Egyptian Foreign Minister Dr. Badr Abdelatty to discuss enhancing cooperation in the energy sector. This meeting took place in Riyadh on Monday, as reported by the Saudi News Agency (SPA). During their discussions, the two officials explored...
Dubai is set to host the 11th World Green Economy Summit on October 1-2, 2025, at the Dubai World Trade Centre. This event is organized by the Dubai Supreme Council of Energy, Dubai Electricity and Water Authority (DEWA), and the World Green Economy Organization (WGEO). The summit will bring together global leaders, policymakers, and experts...
India and Saudi Arabia are in discussions to explore joint projects in the fields of refineries and petrochemicals, as stated by Indian Prime Minister Narendra Modi in an interview with Arab News. This announcement comes as Modi begins a two-day visit to Saudi Arabia on Tuesday. During the interview, Modi emphasized that the two nations...
Saudi Aramco and BYD, a prominent manufacturer of energy vehicles and power batteries based in China, have announced their partnership to explore new electric vehicle (EV) technologies. The collaboration aims to enhance the efficiency and environmental performance of EVs, as stated in a joint announcement made by both companies. The agreement, which was formalized through...
Adnoc has signed significant liquefied natural gas (LNG) supply agreements with Chinese companies, marking a crucial step in enhancing economic ties between the UAE and China, the world’s second-largest economy. Under a 15-year contract with a subsidiary of ENN Natural Gas, Adnoc will supply up to one million tonnes of LNG annually, as reported by...
UK-based engineering consultancy Wood announced on Monday that it has secured two new engineering and procurement framework agreements valued at $11 million in Iraq, awarded by TotalEnergies EP Ratawi Hub. These agreements are part of the Gas Growth Integrated Project (GGIP). Each contract has a three-year duration, during which Wood will assist TotalEnergies in advancing...
Oman has made a significant advancement in sustainable energy with the ACME Group announcing it has secured $140 million as the first installment of funding for its green hydrogen and green ammonia project. This project, which is part of a total investment of approximately $750 million, is being developed in the Special Economic Zone at...