Oil to average $50 to $70 through 2022: Bank of America Merrill Lynch report
Brent crude oil prices will average $50 to $70 per barrel (/bbl) through 2022, according to an annual medium-term supply/demand...
Energy
$84 billion utilities projects under way in UAE
There are currently 401 active projects in the UAE’s utility sector, with an estimated value of $84 billion, said a...
Iraq signs $500 million electricity deal with ABB
Iraq signed a $500 million agreement with ABB to implement energy projects, Prime Minister Haider al-Abadi's office said in a...
Saudi Arabia’s shift to solar energy will save up to $87 billion
A recent report published by the Orient Planet revealed that the solar energy will take up 76% of sustainable energy...
GCC set to pump $320 billion into power projects
The total value of GCC power projects in the pipeline stands at more than $320 billion at present, of which...
Iraq and Iran sign MoU on Kirkuk oil export pipeline study
Iraq and Iran signed a memorandum of understanding to study the construction of a pipeline to export crude oil from...
Electricity cable aims to link Cyprus, Egypt and Greece
An official says studies are underway for an undersea electric cable that aims to link the electricity grids of Egypt,...
Jordan ‘installing solar air conditioning units’
Jordan has become the first developing nation to install solar-powered air conditioning units, according to press reports. The Jordan Times...
Foreigners to invest $3 billion in solar plants in Iran
In the near future foreigners will invest $3 billion in Iran for building solar power plants, Energy Minister Hamid Chitchian...
GCC 'needs $137 billion' to fuel power sector
Substantial investment in Gulf power projects needed over next five years, says Ventures Onsite The GCC power sector requires...
The resource of credible, industry-specific updates