Environment & Energy | Monday 5 October, 2015 12:10 am

NTE Energy Closes Financing for 475 MW PJM Project in Ohio

NTE Energy, a power developer and energy services provider, announced today that its affiliate NTE Ohio, LLC (“NTE”), has successfully closed $645 million in project financing for construction and operation of its Middletown Energy Center. Financing includes NTE’s partners,...

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Environment & Energy | Sunday 4 October, 2015 2:55 pm

H.E. Suhail Al Mazrouei, Officially Opens POWER-GEN Middle East 2015

Earlier today, His Excellency Suhail Mohammed bin Faraj Al Mazrouei, UAE’s Minister of Energy, officially opened the POWER-GEN Middle East (PGME) Conference and Exhibition with a formal ribbon cutting. The UAE’s Ministry of Energy (MOENR) has officially launched the 8thExhibition...

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Environment & Energy | Thursday 1 October, 2015 1:13 pm

GCC Chemicals Industry Contributed 31% to regional manufacturing GDP in 2014

With revenues reaching almost US$88 billion in 2014, the petrochemicals industry contributed to 31% of the GCC’s total manufacturing GDP, according to the latest industry report by the Gulf Petrochemicals and Chemicals Association (GPCA).   Petrochemical production in the GCC rose...

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Environment & Energy | Thursday 1 October, 2015 12:07 pm

Saudi petrochemical sector growth prospects excellent

Saudi Arabia is leveraging low oil prices to accelerate development of its downstream petrochemical derivatives sector, and will add over 30 million tonnes of production capacity by 2020, raising production to 126 million tonnes from 2014 levels of 94.6 million tonnes, the latest edition of The Oil ...

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Environment & Energy | Wednesday 30 September, 2015 11:17 pm

Saudi Arabia to host first international meet to boost mining & minerals sector

Saudi Arabia is organizing its first ever international mining and minerals conference and exhibition in a bid to boost a sector that offers $19 billion worth of opportunities in upstream and downstream projects. According to the latest data from MEED Projects, a leading regional tracking and...

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Environment & Energy | Monday 28 September, 2015 10:28 am

Prayers held in Saudi Arabia during lunar eclipse

Prayers were held in Saudi Arabia in the early hours of Monday morning during a Lunar eclipse which will not be seen for another 18 years. Prayers were held by most mosques in the Kingdom in accordance with the Prophet’s (pbuh) traditions. A total lunar eclipse combined with a so-called...

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Environment & Energy | Sunday 27 September, 2015 4:30 am

220,000 cubic meters of water pumped since first day of Tashreeq in Mina

The National Water Company pumped 220,000 cubic meters of water in Mina without any disruption in supply since the first day of Tashreeq, according to Saudi Press Agency. Engineer Abdullah bin Ahmad Hasnain, director of the work unit of Makkah and Taif at the National Water Company, said that the...

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Environment & Energy | Saturday 26 September, 2015 4:23 am

Rare complete lunar eclipse over Kingdom early on Monday

The Astronomy Society of Jeddah said that the skies above Saudi Arabia would witness a complete lunar eclipse before sunrise on Monday morning, which will also be viewed in the skies of the entire Arab region, North and South America, Europe, Africa and West Asia. Engineer Majid Abu Zahirah,...

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Environment & Energy | Friday 25 September, 2015 11:00 am

OPEC is winning battle to stimulate gasoline demand

OPEC’s bid to curb production of high-cost oil is taking time to produce results but the organization is already making good progress on its other objective of stimulating fuel demand. In the first half of the year, gasoline deliveries into US local markets jumped by 4.3 percent compared...

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Environment & Energy | Sunday 20 September, 2015 4:49 pm

NWC Chairman conducts field inspection of Hajj services, says ‘we are ready to serve pilgrims’

HE Eng. Abdullah bin Abdulrahman Al Hussein, Minister of Water and Electricity and Chairman of the Board of Directors of NWC, inspected the King Abdullah bin Abdulaziz Zamzam Water Project and water and wastewater facilities in the Mashaer (the holy sites of Mina, Arafat and Muzdalifah) operated by ...

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