A formal announcement is expected soon. The news follows on a statement by PIF governor and Aramco chairman Yasir Al Rumayyan earlier this year, that Saudi Arabia wants to invest...... continue reading
Iran's Foreign Minister Abbas Araqchi will visit Saudi Arabia and other countries in the region starting on Tuesday to discuss regional issues...... continue reading
The kingdom’s sovereign wealth fund, chaired by de facto ruler Crown Prince Mohammed bin Salman, has created a company called Energy Solutions Co. to finance so-called green hydrogen power...... continue reading
Through the NREP, Saudi Arabia is pursuing a structured plan to diversify local energy sources. Since the start of the program, projects with a total capacity of 19 GW...... continue reading
Mikhail Krutikhin, a Russian energy analyst based in Norway, said Saudi Arabia's possible move posed "an enormous risk" for Moscow's state budget, because of its overwhelming dependency on oil revenues....... continue reading
Five projects are being tendered, spread across four of the kingdom’s provinces. These include: 1,500 MWac Dawadmi Wind IPP to be located in Riyadh province. 1,400 MWac Najran Solar PV IPP to...... continue reading
The oil producer group’s 2024 World Oil Outlook report, released Tuesday, predicts strong energy demand growth of 24% globally between now and 2050. It also forecasts “robust medium-term growth” in...... continue reading
OPEC raised its forecasts for world oil demand for the medium and long term in an annual outlook, citing growth led by...... continue reading
State-controlled Saudi Arabian Mining Co., known as Ma’aden, announced a series of deals this week involving Aluminium Bahrain B.S.C., or Alba. When those deals close, the...... continue reading
“Given the importance of nuclear energy in social and economic development, the Kingdom is moving towards benefiting from nuclear energy and its radiation applications for peaceful purposes,” declared Prince Abdulaziz at the...... continue reading
