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Masdar Signs Green Revolving Credit Facility

Date : Oct 19, 2018

Masdar, Abu Dhabi Future Energy Company, has signed a green Revolving Credit Facility (RCF) with four local and international banks to provide funding for new and ongoing investments in its global clean technology and sustainable real estate projects.

 

The facility, which is the first green RCF in the Middle East, has been arranged with the UAE’s First Abu Dhabi Bank, FAB, Societe Generale Corporate & Investment Banking, Japanese multinational banking and financial services company Sumitomo Mitsui Banking Corporation, and pan-European global banking and financial services group UniCredit - ...

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India's RIL Halts Iranian Oil Imports

Date : Oct 19, 2018

India's Reliance Industries Ltd, owner of the world's biggest refining complex, has halted imports of Iranian crude ahead of U.S. sanctions against Tehran's oil sector, its joint chief financial officer said. The United...

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Nawah Sets World's First Language Proficiency Standards for Nuke Plant

Date : Oct 17, 2018

Nawah Energy Company (Nawah), the operator of the Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi, has become the first company in the world to develop English language standards for nuclear plant...

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Sipchem Bags CSR award

Date : Oct 17, 2018

The Saudi International Petrochemical Company (Sipchem) was recently honoured as the ‘Best CSR and Sustainability Company’ during a ceremony which was held by the Arabia CSR Network in Dubai,...

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Saudi Best in ‘Carbon Intensity’ Measure

Date : Oct 17, 2018

Among the countries producing more than 0.1 per cent of global oil production, Saudi Arabia ranks the lowest in carbon intensity (CI) of any major producer to extract, process, and transport its crude oil to the refinery gate, a study...

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Persian Gulf Star Refinery Petrol Output to hit 40 ml/d, Says CEO

Date : Oct 16, 2018

CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) Alireza Sadiqabadi said petrol production at Persian Gulf Star Refinery would reach 40 million liters per day by the end of the current Iranian calendar year to March...

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India to Achieve 76% of Renewable Energy Target by 2022, says Wood Mackenzie

Date : Oct 16, 2018

India may achieve about 76 per cent of the target of having 175 gigawatts of renewable power generation capacity by the scheduled date of 2022 as it faces myriad challenges, Wood Mackenzie said Monday. India is targeting 100 GW of...

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IOCL to Pump Rs 5,463 Cr for City Gas Distribution Network

Date : Oct 16, 2018

The Indian Oil Corporation (IOC) will make an investment of Rs 5,463 crore in setting up city gas distribution network for retailing CNG to automobiles and piped cooking gas to households in seven districts.

IOC had recently concluded ninth...

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Suez Bags Oman Industrial Waste Landfill Contract

Date : Oct 16, 2018

Oman Environmental Services Holding Company (be’ah), the sultanate’s solid waste management firm, has awarded Suez, a multinational corporation, a contract for the operation and maintenance of an industrial waste...

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IOC, ONGC, OIL India May Buy Back Shares Worth Rs 10,000 Crore

Date : Oct 15, 2018

The boards of Indian Oil, Oil and Natural Gas Corporation Limited (ONGC) and Oil India may soon consider buying back their shares worth Rs 10,000 crore under pressure from the government, multiple people familiar with the matter...

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India and Nepal Pipeline Project Construction 75% Complete

Date : Oct 19, 2018

About seventy-five per cent of the petroleum pipeline jointly being constructed by India and Nepal has been completed, the Nepal Oil Corporation (NOC) stated. Speaking to source, Sushil Bhattarai, the acting managing director of the NOC confirmed that 75 per cent progress in the first transnational pipeline connecting India and Nepal has been achieved. "In the Nepali side, I think 70 to 75 per cent of the laying of the pipeline has been completed as of today. When you consider the distance from the Motihari (Bihar) to Amlekhganj (Nepal), we can take it as 50 per cent," Bhattarai said.   The first petroleum pipeline extending from India's...

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World s largest solar-powered desalination plant to come up in RAK?

Date : Not Given

27 Nov 2013: The world s largest solar-powered seawater desalination plant will soon be established in Ras Al Khaimah to...

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RIL, RNRL,GSMA Sign Gas Supply Contract

Date : Not Given

A company source said that the gas supply master agreement .GSMA. signed between Reliance Industries .RIL. and Reliance Natural Resource .RNRL. provides for gas supply to Greenfield Power plant provided RNRL receives prior allocation by the government....

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Kahramaa Awards QR17bn Water Mega Reservoir Deals

Date : Not Given

16 Mar 2015: Qatar General Electricity & Water Corporation .Kahramaa. announced that it has started awarding contracts for the...

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Iran, Pakistan to fast track cross-country gas pipeline project

Date : Not Given

27 Nov 2013: Iran and Pakistan on Tuesday decided to fast track discussions on the long-delayed gas pipeline project to...

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UAE may delay nuclear contract worth $ 40 billion.

Date : Not Given

On Tuesday, a government official cleared that they may delay the awarding of contract to build nuclear reactors worth $ 40...

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Qatargas PMP Achieves Safety Milestone

Date : Not Given

The Qatargas' Plateau Maintenance Project .PMP. has achieved a significant safety milestone as it completed three million man hours without any lost time injury .LTI. from the project's 2,000-strong workforce. This LTI milestone was enabled by the...

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Indian Oil Gets Nod for Paradip LPG Pipeline Project

Date : Not Given

02 Feb 2015: Indian Oil Corporation s board recently approved investments worth Rs. 5,302. The investment are for setting up a...

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NCC Signs Contract Worth SAR 245 mn for Specialized Chemical Tanker

Date : Not Given

National Chemical Carriers Ltd Co. .NCC., a subsidiary of The National Shipping Company of Saudi Arabia .NSCSA. has signed a...

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