Energy KSA Edition

A factory that relies on a large amount of cheap labor may be inefficient according to the 4IR standards, but it is highly efficient in creating jobs and wealth for workers who are also needed as customers

power

Saudi suspended world's largest desalination and power plant privatization due to pandemic

Pandemic repercussions affected response of bidders to a project the size of Ras Al-Khair plant

oil and gas

Saudi Arabia's oil exports climb 147% to $16bln in May

Oil exports accounted for 73.2% of total exports

oil and gas

Gazprom to pay $412mln in advance to use Saudi-built Bulgarian pipeline

Bulgartransgaz said it would use $278mln of the proceeds to make advance payments to Saudi-led group Arkad

petrochemicals

ExxonMobil, Sabic US petrochemical complex to operate end of 2021

The project, located near Corpus Christi, Texas, is expected to begin ahead of schedule, likely in the fourth quarter of 2021

islamic finance

Alkhorayef Water obtains $53.06mln loan from Banque Saudi Fransi

The company aims to finance its future business and working capital through this loan

trade

Saudi Arabia’s exports leap 120%, trade surplus hits $10bln in May

The annual increase in the Kingdom’s exports was mainly backed by oil exports

power

Saudi Arabia targets energy reduction worth $6.6bln by 2030, says CEO

Its services include retrofitting buildings and streetlighting and promotes the use of renewable energy, including rooftop solar PV

oil and gas

Fitch revises Saudi Aramco's outlook to stable from negative

The revision of the outlook on Saudi Aramco's IDR is driven by a similar action on the sovereign, the rating agency said

energy

Saudi Arabia suspends privatisation of desalination and power plant

The privatisation committee said that it will continue to engage investors in future public-private partnerships

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Energy KSA Edition

First phase of solar energy project is due completion this month – Saudi's NADEC

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Riyadh Airports launches KKIA energy efficiency project with Engie

Saudi suspended world's largest desalination and power plant privatization due to pandemic

Alkhorayef Water obtains $53.06mln loan from Banque Saudi Fransi

Gazprom to pay $412mln in advance to use Saudi-built Bulgarian pipeline

ExxonMobil, Sabic US petrochemical complex to operate end of 2021

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More regulations needed to make 4IR a success

Saudi suspended world's largest desalination and power plant privatization due to pandemic

Saudi Arabia's oil exports climb 147% to $16bln in May

Gazprom to pay $412mln in advance to use Saudi-built Bulgarian pipeline

ExxonMobil, Sabic US petrochemical complex to operate end of 2021

Alkhorayef Water obtains $53.06mln loan from Banque Saudi Fransi

Saudi Arabia’s exports leap 120%, trade surplus hits $10bln in May

Saudi Arabia targets energy reduction worth $6.6bln by 2030, says CEO

Fitch revises Saudi Aramco's outlook to stable from negative

Saudi Arabia suspends privatisation of desalination and power plant

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