The kingdom’s reserves of easily recoverable oil have long been the world’s largest but few details were public
The UAE’s nuclear project was initially set to open in 2017
The Dhs3.2bn project is expected to generate 1,177 MW of energy
The loan will fund the $4.3bn Noor Energy 1 project, expected to become the world’s largest single-site concentrated solar power plant
The bus can seat 30 passengers with a range of 150 kilometres per battery charge
The company has so far invested $8.5bn to build capacity of 4GW in renewables projects
The company was the third highest place oil company behind Exxon Mobil and China’s CNPC
Weaker fuel oil margins and an expected drop in Asia’s crude demand could lead to the fall in prices
Oil prices have fallen more than 40 per cent from multi-year highs reached in early October
Dubai crude averaged $57.318 a barrel for December
The capacity of the fourth phase is projected to be 950MW with investments reaching Dhs16bn
Saudi Aramco Retail Co will create a network of filling stations within Saudi Arabia to sell automotive fuel
The 13-turbine project is set to be the Gulf region’s first large-scale commercial wind farm
Light crude output is currently 180,000 bpd
Saudi, the world’s biggest oil exporter, is trying to expand its market share in China this year
Oil prices fell on Friday to their lowest since the third quarter of 2017
The company joins Italy’s Eni and Germany’s Wintershall as a partner on the concession
The agreement covers the rights to explore for oil and natural gas in concessions 51 and 65
The company also opened its first locations in Saudi Arabia earlier this month
The new refinery is planned in the south of the country
Crucial testing now complete at Unit 3 of the power plant
Spark is hoped to build on the kingdom’s role as an energy hub
Uncertainty over the global economy stemming from US-China trade tensions could undermine oil consumption next year
Production has been halted in the zone for years due to political differences and environmental concerns
OPEC and its allies including Russia last week agreed to return to oil supply cuts next year
The Nghi Son Refinery and Petrochemical Complex has the capacity to process 200,000 barrels of oil a day
The emirates’ energy minister said Qatar’s exit from OPEC “is not going to affect us or the production moving forward”
OPEC and Russia agreed on Friday to reduce production
CEFC is being restructured after facing debt troubles
The announced cuts were larger than the market had expected