ABB to invest $40 million in Saudi power projects
ABB Ltd said it will invest around $40 million to construct a new manufacturing plant for high-voltage gas-insulated switchgear and...
Energy
Three new power plants for Iraq
An international consortium has received local government approval to build three new power stations in central and southern Iraq, and...
Iraq crude production overtakes Iran
Iraq’s crude oil production overtook Iran’s last month for the first time since 1988, when the countries ended their eight-year...
Electricity production in Iraq to hit new record in July
Iraq's Ministry of Electricity has announced that it was producing at a rate of 8,027 MW at the end of...
Oman invests $3.1bn in 16 power, water projects
The Middle East energy sector is witnessing a surge of fresh investment in 2012, with 97 new power and water...
Capital investment in Mideast energy projects to reach $470 billion by 2014
Capital investments in the Middle East energy sector will reach USD 470 billion by 2014, 47% of which will be...
Iraq’s Kurdistan region to export electricity in 2015
By the beginning of 2015, Kurdistan will be able to produce 6,000 Mega Watts and thus it can export electricity,...
Saudi Aramco starts fund for renewable energy
Saudi Aramco, the national oil company of Saudi Arabia, has created a renewables investment unit as it seeks to boost...
GE Energy wins major Iraq contract
Energy giant GE said it has won a contract from Mass Global Investment Company (Mass Global), an independent Kurdish power...
GCC share of global oil reserves likely to rise to 70%
Share of the Gulf Cooperation Council (GCC) countries to the world oil reserves is predicted to rise from the current...
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