Articles
Adnoc and Taqa to develop utilities to power Ta'ziz downstream industrial hub
The companies will jointly develop power, steam, cooling and water networks for the new area, which will feature chemical and light industrial zones
Brent crosses $70 mark for the first time in 2 years ahead of Opec meeting
Opec left demand growth expectations at 6 million bpd following its joint technical meeting
Acwa Power signs deal with Neutral Fuel to supply biofuel for Saudi Arabia's Red Sea project
Dubai-based company will provide the green fuel it developed to power the site’s entire transportation network
Sharjah's Bee'ah to build region's first waste-to-hydrogen plant
The UAE is drawing up a comprehensive road map to position itself as an exporter of hydrogen and tap into the clean fuel’s potential
Iran's possible return to oil markets likely to dominate Opec+ talks
The producer group will convene its ministerial meeting on June 1
World Bank approves $30m grant to support Palestine
Poverty among Palestinians living in the densely populated Gaza Strip is expected to undergo 'a dramatic increase'
World Bank adapts its programme in Jordan to foster inclusive growth amid pandemic
The multilateral lender added a new pillar to its programme, expanding women's role in Jordan's economy
Tunisia's banking sector continues to be weighed down by pandemic-induced slowdown
The sector has been affected due to poor asset quality and lower profitability, Moody's says
Virgin Galactic files prospectus on $1bn sale of securities
The company will use the proceeds of approximately $30.7 million for general corporate purposes
Adnoc to raise $1.64bn through share and bond offer in distribution business
The company will raise about $445m through a share issue and $1.195bn through exchangeable bonds
Abu Dhabi's Kizad to develop $1bn green ammonia plant
The project will be powered by an 800MW solar plant and will produce 200,000 tonnes of green ammonia
Adnoc signs 10-year gas supply agreements with Emirates Steel and Arkan
Adnoc has the potential to produce 11 billion cubic feet of natural gas and over 1 billion cf of sour gas per day
Adnoc awards $744m offshore field development contract to NPCC
The Belbazem block is being developed to reach a production capacity of 45,000 bpd with the first barrel of oil expected in 2023
Adnoc to build major blue ammonia plant in Ruwais
Project, which is currently in the design phase, will have a production capacity of 1,000 kilotonnes a year
What is blue ammonia?
Production of ammonia is energy-intensive and accounts for 3% of carbon emissions
