Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2017-04-17 17:30:00

SAUDI'S RENEWABLE INVESTMENT: $50 BLN

SAUDI'S RENEWABLE INVESTMENT: $50 BLN

BLOOMBERG - Saudi Arabia will develop 30 solar and wind projects over the next 10 years as part of the kingdom's $50 billion program to boost power generation and cut its oil consumption.

The world's biggest exporter of crude oil will produce 10 percent of its power from renewables by 2023, Energy Minister Khalid Al-Falih said Monday at a conference in Riyadh. It also plans to generate electricity from nuclear plants.

Saudi Arabia will offer a tender in the fourth quarter for 400 megawatts of wind power at a project in the northern area of Domat al-Jandal, he said.

The projects are part of a plan to transform the Saudi economy by weaning it off oil and creating new industries. Saudi Arabia plans to develop almost 10 gigawatts of renewables by 2023, requiring investment of up to $50 billion, Al-Falih said in January. The country generated 30 megawatts to 50 megawatts of power from renewables in November, Ziyad Al-Shiha, chief executive officer of Saudi Electricity Co., said at the time.

Saudi Arabian Oil Co., which generates 6 gigawatts of electricity per year, is interested in participating in the second round of bidding for renewable projects, Abdulaziz Al-Judaimi, senior vice president, said at the conference. Generating capacity will increase to 10 gigawatts next year, he said.

The government plans to privatize the power industry, Al-Falih said. Saudi Electricity will be restructured, with its generation, transmission and distribution businesses all operating independently, he said.

"There are no dates established yet, but the process has been moving and we are working on that," Saudi Electricity's Al-Shiha said on the sidelines of the conference.

Al-Falih said four generating companies under Saudi Electricity will be privatized. The kingdom will create a new company to trade power locally and wants to sell electricity to other countries, he said.

----

Earlier: 

SAUDI SELL ARAMCO 

SAUDI'S OIL BALANCE 

SAUDI'S ENERGY INVESTMENT $124 BLN 

SAUDI BEGIN SALES: $2 BLN 

CHINA'S INVESTNENT TO SAUDI

 

 

Tags: SAUDI, INVESTMENT, RENEWABLE

Chronicle:

SAUDI'S RENEWABLE INVESTMENT: $50 BLN
2018, July, 12, 10:20:00

U.S. - EXXON - RUSSIA SANCTIONS

BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.

SAUDI'S RENEWABLE INVESTMENT: $50 BLN
2018, July, 12, 10:15:00

NORWAY'S OIL PRODUCTION: 1.747 MBD

NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.

SAUDI'S RENEWABLE INVESTMENT: $50 BLN
2018, July, 12, 10:10:00

NOVATEK'S PRODUCTION: +2.4%

NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017.

SAUDI'S RENEWABLE INVESTMENT: $50 BLN
2018, July, 11, 09:35:00

OIL PRICE: NEAR $78 YET

REUTERS - Brent crude futures LCOc1 were down 75 cents, or 1 percent, at $78.11 a barrel by 0308 GMT, having fallen as low as $77.60. U.S. crude CLc1 was down 55 cents, or 0.7 percent, at $73.56.

All Publications »