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Masdar Signs Green Revolving Credit Facility

Date : Oct 19, 2018

Masdar, Abu Dhabi Future Energy Company, has signed a green Revolving Credit Facility (RCF) with four local and international banks to provide funding for new and ongoing investments in its global clean technology and sustainable real estate projects.

 

The facility, which is the first green RCF in the Middle East, has been arranged with the UAE’s First Abu Dhabi Bank, FAB, Societe Generale Corporate & Investment Banking, Japanese multinational banking and financial services company Sumitomo Mitsui Banking Corporation, and pan-European global banking and financial services group UniCredit - ...

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India's RIL Halts Iranian Oil Imports

Date : Oct 19, 2018

India's Reliance Industries Ltd, owner of the world's biggest refining complex, has halted imports of Iranian crude ahead of U.S. sanctions against Tehran's oil sector, its joint chief financial officer said. The United...

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Nawah Sets World's First Language Proficiency Standards for Nuke Plant

Date : Oct 17, 2018

Nawah Energy Company (Nawah), the operator of the Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi, has become the first company in the world to develop English language standards for nuclear plant...

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Sipchem Bags CSR award

Date : Oct 17, 2018

The Saudi International Petrochemical Company (Sipchem) was recently honoured as the ‘Best CSR and Sustainability Company’ during a ceremony which was held by the Arabia CSR Network in Dubai,...

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Saudi Best in ‘Carbon Intensity’ Measure

Date : Oct 17, 2018

Among the countries producing more than 0.1 per cent of global oil production, Saudi Arabia ranks the lowest in carbon intensity (CI) of any major producer to extract, process, and transport its crude oil to the refinery gate, a study...

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Persian Gulf Star Refinery Petrol Output to hit 40 ml/d, Says CEO

Date : Oct 16, 2018

CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) Alireza Sadiqabadi said petrol production at Persian Gulf Star Refinery would reach 40 million liters per day by the end of the current Iranian calendar year to March...

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India to Achieve 76% of Renewable Energy Target by 2022, says Wood Mackenzie

Date : Oct 16, 2018

India may achieve about 76 per cent of the target of having 175 gigawatts of renewable power generation capacity by the scheduled date of 2022 as it faces myriad challenges, Wood Mackenzie said Monday. India is targeting 100 GW of...

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IOCL to Pump Rs 5,463 Cr for City Gas Distribution Network

Date : Oct 16, 2018

The Indian Oil Corporation (IOC) will make an investment of Rs 5,463 crore in setting up city gas distribution network for retailing CNG to automobiles and piped cooking gas to households in seven districts.

IOC had recently concluded ninth...

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Suez Bags Oman Industrial Waste Landfill Contract

Date : Oct 16, 2018

Oman Environmental Services Holding Company (be’ah), the sultanate’s solid waste management firm, has awarded Suez, a multinational corporation, a contract for the operation and maintenance of an industrial waste...

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IOC, ONGC, OIL India May Buy Back Shares Worth Rs 10,000 Crore

Date : Oct 15, 2018

The boards of Indian Oil, Oil and Natural Gas Corporation Limited (ONGC) and Oil India may soon consider buying back their shares worth Rs 10,000 crore under pressure from the government, multiple people familiar with the matter...

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India and Nepal Pipeline Project Construction 75% Complete

Date : Oct 19, 2018

About seventy-five per cent of the petroleum pipeline jointly being constructed by India and Nepal has been completed, the Nepal Oil Corporation (NOC) stated. Speaking to source, Sushil Bhattarai, the acting managing director of the NOC confirmed that 75 per cent progress in the first transnational pipeline connecting India and Nepal has been achieved. "In the Nepali side, I think 70 to 75 per cent of the laying of the pipeline has been completed as of today. When you consider the distance from the Motihari (Bihar) to Amlekhganj (Nepal), we can take it as 50 per cent," Bhattarai said.   The first petroleum pipeline extending from India's...

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Siemens Offers to Boost Iraqi Power Capacity by 11 GW

Date : Oct 10, 2018

Siemens has offered to expand Iraq’s gas-fired power generating capacity by 11 GW over four years, according to the company.

 

Siemens Chief Executive Joe Kaeser presented the proposal to Iraqi Prime...

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OMV Begins Oil Production at Abu Dhabi’s Offshore Fields

Date : Oct 09, 2018

OMV, the international integrated oil and gas company based in Vienna, Austria said that it has commenced production at Abu Dhabi’s offshore Umm Lulu and SARB (Satah Al Razboot)...

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Iraq Rehabilitates Qayara Oil Field in Nineveh

Date : Oct 09, 2018

Oil Minister Jabar Ali al-Luaibi has announced the resumption of production at Qayara oil field in Nineveh province.

 

The field has been rehabilitated following its destruction by the Islamic State group (IS,...

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Modi Inaugurates Mundra LNG Terminal in Gujarat

Date : Oct 05, 2018

Indian Prime Minister, Shri Narendra Modi inaugurated the Mundra LNG terminal in the Indian state of Gujarat on the nation's west coast on Monday. The five mtpa Mundra LNG terminal has been developed by the Adani Group and Gujarat...

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SoftBank Solar Projects on Track – PIF

Date : Oct 05, 2018

Saudi Arabia’s Public Investment Fund (PIF) has refuted media reports claiming that work has been shelved with respect to SoftBank Solar Projects and said the reports are completely...

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Orpic’s Liwa Project on Track for 2020 Completion

Date : Oct 05, 2018

Orpic, the nation’s refining and petrochemicals flagship, has revealed that Oman’s most anticipated transformational project, Liwa Plastics Industries Complex (LPIC), is currently 67 per cent complete across all...

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India: Government Keen to Set Up 5,000 Bio-Gas Plants in 5 Years

Date : Oct 04, 2018

Union Minister Dharmendra Pradhan on Monday said the government is keen to set up 5,000 Compressed Bio-Gas (CBG) plants in the next five years, as part of its efforts to bring down India's dependency on crude oil...

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Dewa Raises Capacity of Jebel Ali-Al Hebab Water Station

Date : Oct 04, 2018

Dubai Electricity and Water Authority (Dewa) has increased the capacity of the Jebel Ali-Al Hebab water pumping station in Dubai at a cost of Dh 42.516 million ($11.57 million), a report said.

 

The project...

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BPC Floats Tender for Land Acquisition for Indo-Bangla Oil Pipeline Project

Date : Oct 03, 2018

Bangladesh Petroleum Corporation (BPC) has floated a tender to appoint a consultant for carrying out land acquisition and requisition related activities for the India-Bangladesh Friendship Pipeline (IBFPL) route across Panchagarh,...

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MAPNA Group Synchronizes Rumaila Plant Unit to the Grid

Date : Oct 03, 2018

MAPNA Group synchronized the fourth unit of Rumaila Combined Cycle Power Plant to the Iraqi national grid on Thursday.

 

MAPNA Combined Cycle Power Plants Construction and Development Company (aka MD-2), the...

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