The town of Ruwais is located around 240 km west of Abu Dhabi City and is poised to experience rapid growth as Abu Dhabi National Oil Company (ADNOC) plans to inject some Dh165bn ($44.9bn) into its downstream industry, an investment that represents more than 40% of the company’s capital expenditure budget. ADNOC is aiming to ultimately...
Natural gas looks likely to play an increasingly important role in Saudi Arabia’s economy in the years ahead as the Kingdom begins to tap into new reservoirs that are poised to satisfy the growing demand from the power generation, desalination and industrial sectors. Prince Abdulaziz bin Salman Al Saud, the minister of energy, hinted that the...
Saudi Arabia’s energy sector remains the backbone of the economy. While the country’s reliance on the commodity exposes it to external shocks, domestic energy policy and influence within the Organisation of the Petroleum Exporting Countries (OPEC) can work to dramatically shape international oil prices, which in turn affects many parts of the...
Crude oil remains Saudi Arabia’s biggest asset, and economies around the world are reliant on how the Kingdom responds to challenges. At 2019 production rates, Saudi Arabia’s known reserves are expected to last more than 50 years, and at the start of that year more than 80% of the oil produced by the state-owned energy company, Saudi Aramco,...
The duel aims of rapidly reducing greenhouse gas emissions and providing greater access to energy for underserved regions of the world are proving to be a complex challenge in need of innovative solutions and major investment. Repeated warnings from scientists regarding the economic and environmental consequences of unabated carbon emissions...
Qatar’s North Field expansion (NFE) project has continued to grow in scope since it was first mooted in 2017; however, in February 2020 the project was temporarily postponed. This decision comes in the wake of declining gas prices and the increasing supply from the US and other countries. As of March 2020 the delay was expected to push the...
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