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February | January |
TEI Energy News Project News
Traders suspend steel shipments from Russia to Iran
Interfax reported that international traders are suspending shipments of Russian metallurgical products to Iran due to sanctions against Tehran. A source in the Russian mission of one of the world's largest traders has told Interfax that "Supplies to Iran have sharply decreased. Contracts have go.. more
Iran gasoline consumption cuts by 833 million liters
Gasoline consumption in Iran stood at around 18.2 billion liters in the first ten months of the current calendar year started on March 21st 2011 showing 833 million liters decline compared to the figure for the same period last year. The average daily consumption of gasoline was nearly 57.8 milli.. more
Kuwait crude oil exports to Japan hit nearly 300000 BPD
Kuwait's crude oil exports to Japan in December stood at 9.26 million barrels or 299,000 barrels per day down 5.8% from a year earlier. The Japanese Natural Resources and Energy Agency said that as Japan's fifth biggest oil provider last month, Kuwait supplied 7.7% of the country's total crude im.. more
Saudi names candidate for Opec post
DUBAI: Top oil exporter Saudi Arabia has nominated a candidate for Opec's next secretary-general, a source said, in a move that may reignite a dispute over influence in Opec between Gulf nations and Iran. The current secretary-general Abdullah Al Badri of Libya completes his second and final thre.. more
Bapco consortium signs key deal with UK firm
Energy Minister and Bapco board chairman Dr Abdulhussain Mirza yesterday signed a contract on procurement solutions and business efficiencies with the UK-based Achilles Information Limited. The signing ceremony, at the Bapco guest house Al Dar, in Awali, was also attended by Achilles chairman Colin .. more
Iran gasoline demand falls rapidly
According to the Iranian oil ministry, Iran’s gasoline consumption is falling rapidly thanks to higher prices and compressed natural gas use helping soften the blow of Western sanctions that ban fuel sales to the Islamic Republic. Western governments have blocked gasoline supplies to Iran over th.. more
Sanctions against Iran hikes gas prices in US
Gas prices in Texas and elsewhere in the United States have jumped an average 7 cents in recent days after Iran threatened to close the Strait of Hormuz through which 16 million barrels of oil about a fifth of world's daily oil trade passes every day. Motor club and leisure travel organization ser.. more
Bapco signs procurement deal with UK firm
A consortium led by Bahrain Petroleum Company has signed a contract on procurement solutions and business efficiencies with the UK based Achilles Information Limited. The agreement was signed by Dr Abdulhussain Mirza Energy Minister and board chairman of Bapco and Mr Colin Maund chairman of Achil.. more
ABB wins USD 250 million Saudi substations contacts
ABB, a leading in power and automation technologies has received contracts worth more than USD 250 million from the Saudi Electricity Company to build new substations and upgrade existing ones. One of the new gas insulated switchgear substations will be located southwest of Al-Hassa in the easter.. more
RAECO working on 6 pilot renewable energy projects
The Rural Areas Electricity Company which is spearheading the potential use of renewable energy for electricity generation in remote areas of the country is currently undertaking 6 pilot projects in partnership with private sector developers. Mr Hamed bin Salim al Maghderi GM of the state owned e.. more
Kuwait extends USD 40 million for Neelum Jehlum power project
Kuwait has extended USD 40 million to Pakistan for the construction of the de sander a vital part of the strategic USD 333.3 billion Neelum Jhelum hydropower project. The Economic Affairs Division and Neelum Jhelum Hydropower Project Company signed Subsidiary Loan Agreement which was a legal requ.. more
Siemens wins Morocco wind turbine deals
Siemens Energy has secured its first wind turbine orders with a total capacity of 100 MW in Africa for a plant in Morocco. Nareva Holding and Siemens signed a contract for the delivery of a total of 44 wind turbines for the Haouma and Foum El Oued wind power plants. The scope of supply include.. more
Saudi Electricity Company Signs SR 450 Million Project For Qurayat Governorate
Saudi Electricity Company has signed a contract worth SR 450 million with a national company to install two gas generating units in the Governorate of Qurayat. The Company's Chief Executive Officer Eng. Ali bin Saleh Al-Barrak pointed out that capacity of the units is 120 megawatt and these units.. more
Suzlon announces 269 MW of new orders worldwide
The leading wind turbines player Suzion, has announced fresh orders of 80 MW in India, and a total of 189 MW of orders in Brazil and US, over a period of one month, excluding orders announced separately. The cumulative orders are valued at approximately INR 2,000 crore. These cover various firm o.. more
KEPCO consortium wins USD 800 million project in Jordan
An international consortium led by Korea Electric Power Company has won an USD 800 million power plant project in Jordan. The consortium which also involves Japan's Mitsubishi and Finland's diesel engine maker Wartsila will build 600 MW plant for Jordan's National Electric Power. The Korean fi.. more
Oman plans 230 KM of Duqm gas pipeline
Oman plans have been firmed up for a 230 kilometers long pipeline carrying natural gas from central Oman to the new Duqm Special Economic Zone on the Wusta coast. Mr Yahya Khamis Juma al Zadjali head of Planning and Engineering at the Duqm SEZ Authority said that a corridor for the construction o.. more

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