Car and jet fuel prices would undergo an immediate one-time increase under the plan
The project will feature a 260-metre tower receiving focused sunlight – the world’s tallest such tower
Saudi wants to start construction next year on two plants with a total capacity of up to 2.8GW
The refinery on the Red Sea is part of a plan to revive the region
The joint OPEC, non-OPEC ministerial committee will meet on September 22 in Vienna
The October allocations are in contrast to the steep cuts in the September allotments
ADNOC said in July it planned to float stakes in some of its services businesses
“OPEC’s strategy is moving forward on the right track,” Marzouq was quoted as saying
The product will mainly be used by companies in the commercial and industrial segment
Iraqi Kurdistan agreed to immediately pay Dana’s gas production consortium $1bn to settle a London court case last week
The installed poles feature photovoltaic cells that are charged by the sun during the day
The new seismic technology may improve the chances of successful exploration
Dana Gas, its parent Crescent Petroleum and its partners filed a case against the KRG in October 2013
The fire, which occurred at the weekend, was minor
Petrol prices have been hiked by around 6.6 per cent on average
The plan involves completing projects and starting new ones
Riyadh is in the early stages of feasibility and design studies for its first two commercial nuclear reactors
Solar panels have been installed on 435 buildings so far under Shams Dubai
The contracts are part of a $4bn scheme to increase gas production in the country
The rules will come into force next July 1
The plant will burn waste to generate energy
The 50MW wind farm is expected to supply electricity to an estimated 16,000 homes when complete
Exports in June were 35,000 barrels per day (bpd) lower than the May level
The acquisition will be carried out before the end of the year
Hawiyah is part of Ghawar, the world’s largest onshore oilfield
The cards would allow low earners to purchase discounted fuel
Companies have been given a September deadline to express interest
The clean-up of the shores affected by the spill will take one week
Construction of the four units is now more than 82 per cent complete
The agency raised its 2017 demand growth forecast to 1.5 million barrels per day