The decision to offer its citizens an opportunity to buy shares in its newest water and electricity generating plant is, in a sense, a case of transferring power to the people. The floatation of 50% of the equity of Al Zour North One, which began operating in December 2016, was always part of the plan. It is not a case of a long-established...
With about 6% of the world’s proven crude oil reserves Kuwait plays a major role in global energy markets. However, its reliance on a single commodity which is prone to significant fluctuations in value also presents challenges for the economy as a whole, and the energy sector in particular. According to estimates from the US Energy Information Administration, Kuwait’s total export revenues in...
As Kuwait’s economy continues to adjust to the new oil price environment the country’s government is pushing ahead with investment plans and reforms that promise to put the country on a sustainable growth path in the coming years.
New technologies are being deployed across Abu Dhabi’s energy sector to extract as much oil and gas from the sea bed and desert sands as possible to reap the optimum return on investment. However, developing new technologies can be expensive, and in a commercial setting R&D budgets may be the first to be trimmed when the focus is on...
Renewable energy has quite literally taken off in Abu Dhabi, with the emirate taking centre stage in the first solar-powered flight around the planet, while Abu Dhabi Water and Electricity Authority (ADWEA) received a new world record lowest bid for a solar power generation project. With a new 2050 energy strategy in place at the federal level...
In common with other major energy companies, lower hydrocarbons prices have prompted authorities to carry out streamlining and efficiencies in Abu Dhabi’s energy sector. Against a backdrop of reorganisation and reform, production from the emirate’s oil and gas fields reached record levels in 2016. Currently, Abu Dhabi National Oil Company (...
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