Browsing: Energy

RIYADH: Utility firm ACWA Power, backed by Public Investment Fund, is a step closer to building solar energy plants worth $3.4 billion across Saudi Arabia after securing finance from a bank consortium.

By: Mohammed Ali Shahin, journalist and economical expert Saudi Arabia, the largest economy in the Middle East, has been making…

Austria has actually increased imports from the sanctioned country due to a lack of affordable alternatives

RIYADH: Saudi Arabian Oil Co. is eyeing for continuity in the production of all types of energy including oil and gas, along with renewables, its CEO said. 

RIYADH: Achieving global power security is everyone’s responsibility, according to Saudi Energy Minister Prince Abdulaziz bin Salman. 

The IMF’s managing director also highlighted the importance of mobilizing revenues and improving the performance of state-owned enterprises

The EU’s largest economy is set to make a large investment in four gas-fired plants, the government has announced

The global oil market will face a supply shortage by the end of 2025 as crude reserves are not being replaced fast enough, Vicki Hollub, the CEO of US energy firm Occidental, warned in an interview with CNBC published this week. 

The German authorities are discussing nationalizing the local subsidiary of Russian state-controlled energy major Rosneft, which has been under a trusteeship since 2022, the company said on Thursday.

EU countries continue to purchase Russian oil and gas despite bold statements about abandoning supplies, the chair of the Federation Council, Valentina Matvienko, has said.