SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Saudi Energy Giant ACWA Power Secures $80 Million Loan From Bank Of China For Uzbekistan Solar Drive

    Saudi-based ACWA Power recognized as the world’s largest private water desalination company and a frontrunner in energy transition with a focus on green hydrogen, secured an equity bridge loan from the Bank of China amounting to $80 million to fund its Tashkent 200MW Solar PV and 500MWh BESS project in Uzbekistan.

  • China’s energy trade with Middle East set to surge since Beijing brokered last year’s Iran-Saudi deal, UBS says

    Energy-related trade between China and the Middle East is likely to increase significantly and reshape the sector globally in the wake of the Saudi-Iran peace deal brokered by China last year, according to Swiss bank UBS.
    By 2030 trade between the two will have risen by US$423 billion annually, with renewables and petrochemicals accounting for US$77 billion and US$325 billion, respectively, according to Ken Liu, head of China and Hong Kong renewables, utilities and energy research at UBS Investment Bank.

  • Saudi Arabia could lead this new and safer form of nuclear energy

    Saudi Arabia’s per capita fossil fuel consumption is the lowest among the Gulf states but still double that of Germany, representing a very significant financial opportunity cost in terms of revenue from exports. Moreover, a 2020 report from the Brookings Institute pointed out, “In the medium term, revenues from oil are expected to decline in the face of reductions in global demand starting around 2040, if not sooner.”

  • How Europe’s energy crisis boosted fracking prospects in the Middle East

    Renewed interest in fracking for gas in the MENA region is being driven by two key factors: the accelerating energy transition and the need for new cleaner forms of energy, and Europe’s need to diversify its gas supply following Russia’s invasion of Ukraine. With respect to the first reason, gas offers oil exporters in the MENA region the prospect of continuing to generate export revenue by producing a fuel that is less carbon-intensive than coal or oil, and still considered a ‘transition fuel’, before lower-carbon energy options are adopted in some policy circles.

  • Saudi Arabia’s $1.4bn financing to boost Bangladesh’s energy security

    A recently signed agreement on a Saudi financing loan for the Bangladesh Petroleum Corp. was expected to boost the South Asian economy’s energy security and reduce pressure on its dollar reserves. The International Islamic Trade Finance Corp., a division of the Islamic Development Bank, finalized on March 25 a financing deal with the Bangladeshi government to provide $1.4 billion to the Bangladesh Petroleum Corp.

  • Iraq girds to revive long-abandoned nuclear energy program

    The Iraqi government has declared its intention to revive the country’s long-abandoned nuclear energy program. The announcement by Prime Minister Muhammad Shia’ Al-Sudani comes amid a broader regional push to develop nuclear capabilities, following in the footsteps of Egypt, Iran, Saudi Arabia, Turkey, and the United Arab Emirates (UAE). While Iraq is a long way from completing such an endeavor, Sudani’s announcement is a diplomatic win for the prime minister—underscoring his engagement with international organizations. 

  • Europe’s pro-nuclear leaders seek atomic energy revival

    Leaders from pro-nuclear European countries and energy experts called for a nuclear energy revival on Thursday at a summit in Brussels, seeking to rebuild the European industry after years of gradual decline. The political push to expand nuclear - a low-carbon energy source - is part of the drive to meet Europe's ambitious climate targets. But it faces headwinds including a lack of investment and cost overruns and delays that have plagued recent projects.

  • Saudi Aramco CEO says energy transition is failing, world should abandon ‘fantasy’ of phasing out oil

    Gas has grown 70% since the start of the century, Nasser said. The transition from coal to gas is responsible for two-thirds of the reductions in carbon emissions in the U.S., he said. “This is hardly the future picture some have been painting,” Nasser said. “Even they are starting to acknowledge the importance of oil and gas security.”

  • Saudi-based investment group Energy Capital Group acquires Aujan Industrial Solutions

    Saudi Arabia-based investment group Energy Capital Group (ECG) has completed the acquisition of Aujan Industrial Solutions (AIS), a leading provider of solutions to the oil and gas, petrochemical, metals and mining and water markets with 30 years of experience and expertise. AIS' lines of business include value added distribution, fire and gas solutions, measurement intelligence and technology solutions. This marks the fourth investment of the fund which announced a first close in Q3 2023. The fund plans a further 4-5 investments within 2024. Energy Capital Group is investing in businesses that can capitalise on the significant investment going into regionally relevant value chains and driving the need for technology-based services and turnkey solutions across the industrial supply chain.

  • Energy Minister Launches First Saudi School of Public Policy

    The KSPP will focus on public policies in the fields of energy, climate, and sustainability. Aiming to set new standards in policy studies, the school offers a two-year master’s degree and executive education programs designed to enable and empower future policy leaders and professionals within Saudi Arabia and globally to address the most pressing domestic and international public policy challenges in the public, non-profit and private sectors.