OIL AND GAS

Qatar to build a solar power plant in Jordan soonNovember 12, 2018

(Petra)- Construction work for a new solar power plant in Jordan will be launched before the end of this year, said Fahad bin Hamad al-Muhannadi, General Manager and Managing Director of Qatar Electricity and Water Company (QEWC).

This plant, which will have a 40-megawatt capacity, is the result of a partnership agreement between the QEWC, the US company AES and Japan's Mitsui to develop an electricity generation plant, al-Muhannadi announced in an interview with Qatar News Agency (QNA) aired on Sunday....

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$71m financing package announced for new Tafileh wind power plantNovember 8, 2018

AMMAN — The International Finance Corporation (IFC), a member of the World Bank Group, announced on Wednesday a financing package of up to $71 million to fund the construction of a new wind power plant in Tafileh.

The 51-megawatt plant in Daehan, located in the southern governorate of Tafileh, 180km southwest of Amman, will help provide clean energy to homes and businesses across Jordan, the IFC said in a statement to The Jordan Times.

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Foundation stone laid for 52MW solar power plant in MadounahNovember 8, 2018

AMMAN — The foundation stone for a 52-megawatt (MW) solar photovoltaic power plant, dubbed “AM Solar”, was laid on Wednesday at a total cost of $50 million, in the Madounah area in eastern of Amman.

The plant is a joint venture between US Applied Energy Services-Jordan, the Japanese conglomerate Mitsui and Qatar’s Nebras Power, on a build, own, operate basis, the Jordan News Agency, Petra, reported.

During"...

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Abu Dhabi National Oil Company Announces $132 Billion CAPEX Program, Integrated Gas Strategy and an Increase in Oil Production November 5, 2018

The Abu Dhabi National Oil Company’s (ADNOC) announced, today, its plans to launch a new integrated gas strategy and increase its oil production capacity to 4 million barrels per day (mmbpd) by the end of 2020 and 5mmbpd by 2030, following approval from the Supreme Petroleum Council (SPC), the highest governing body of the oil and gas industry in Abu Dhabi. The company also announced capital investment growth of $132.33 billion between 2019-2023 and new discoveries of 1 billion barrels"...

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Fluor Joint Venture Achieves First Steam on Clean Fuels Megaproject in KuwaitNovember 2, 2018

(AETOS Wire)-- Fluor Corporation (NYSE: FLR) announced today that its joint venture team, FDH JV, has successfully generated first steam into Kuwait National Petroleum Company’s (KNPC) Clean Fuels Project in Kuwait. “This significant milestone marks the completion and turnover of the first utility units by the Fluor-led joint venture and KNPC is advancing these units into operation with our ongoing support,” said Al Collins, president of Fluor’s Energy & Chemicals business in Europe, Africa and the Middle East. “The 12,000-plus craft workers at site have been backed by joint venture project team members across three continents, a global operation for a mega-sized project. Accomplishing this milestone shows we are set to deliver the remaining units in the project to support KNPC’s ambitious Clean Fuels Program.” This project is being executed on......

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GAM hopes to turn Amman carbon neutral by 2050November 1, 2018

AMMAN — The Greater Amman Municipality on Wednesday announced plans to make Amman a carbon-neutral city by 2050, the Jordan News Agency, Petra, reported.

Amman Mayor Yousef Shawarbeh affirmed that Amman’s energy resources will be environmentally friendly as a part of its membership commitment to the C40 network.

During his participation at the U20 conference,"...

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Russian export center presented products of Russian companies at the WETEXOctober 30, 2018

Russian Export Centre took part in the exhibition WETEX 2018 which was held from 23 to 26 October at the Dubai International Convention and Exhibition Centre. The main theme of WETEX was «At the forefront of sustainability». 2000 companies from 52 countries took part in the exhibition.

Russian export center organized collective Russian exposition “Made in Russia” covering area"...

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Dubai-based Metito eyes Turkish acquisition in 2018 amid expansionOctober 28, 2018

Dubai-based water treatment specialist Metito will look at a possible acquisition in Turkey this year, with a view to expanding in the Commonwealth of Independent States (CIS), even as it hopes to realise $1 billion in revenues by 2020, according to its managing director.

“We did come close to more than half to a billion [dollars revenue] in the [past] four years. By 2020, we should be able to double [revenue],” said Fady Juez.

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Renewable energy expected to account for 16% of power used in 2019 — ministerOctober 24, 2018

AMMAN — Energy and Mineral Resources Minister Hala Zawati on Tuesday said that liquefied gas consumption amounted to 92 per cent of the power used in Jordan, the Jordan News Agency, Petra, reported.

Zawati added that renewable energy contribution has reached 8 per cent of the total power used and is expected to increase to 16 per cent in 2019, compared to 84 per cent for liquefied gas.

She"...

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Jordan, Egypt sign energy agreementOctober 22, 2018

Amman, Oct. 21 (Petra) - Minister of Energy and Mineral Resources, Hala Zawati, and Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, on Sunday signed a memorandum of understanding (MoU) here to boost cooperation in training personnel and exchanging expertise in the field of gas production.

During the signing ceremony, Zawati stressed the importance of the agreement to benefit from Egypt's 'accumulated' expertise in the production of oil and natural gas, and highlighted the Kingdom's"...

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