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W.Asia

W.Asia
2019, November, 5, 14:20:00
SAUDI ARAMCO'S VALUE $1.5 TLN
Bankers have told the Saudi government that investors will likely value the company at around $1.5 trillion, somewhat below the $2 trillion valuation by Saudi Crown Prince Mohammad Bin Salman when he first floated the idea of an IPO nearly four years ago.
W.Asia
2019, November, 1, 14:05:00
ASIA'S NUCLEAR POWER BENEFITS
In 2018 a total of 533 TWh of electricity generated in Asia was from nuclear power. This was 12% higher than the previous year, and 60% higher than in 2012. Nuclear generation in Asia now represents 21% of total electricity generation.
W.Asia
2019, November, 1, 13:40:00
SAUDI ARABIA'S POWER PLANT $11.5 BLN
Saudi Aramco announced its intention to establish the Jazan Power Joint Venture. The JV will be 46% owned by Air Products, 25% by ACWA Power, 20% by Saudi Aramco and 9% by Air Products Qudra.
W.Asia
2019, October, 30, 10:00:00
USING SYRIA'S OIL
“What I intend to do, perhaps, is make a deal with an ExxonMobil or one of our great companies to go in there and do it properly … and spread out the wealth,” Trump said Sunday during a news conference about the U.S. special forces operation that led to the death of Islamic State leader Abu Bakr al-Baghdadi.
W.Asia
2019, October, 28, 13:20:00
U.S., SAUDI ARABIA'S ENERGY
The US continues to talk with Saudi Arabia about the kingdom's plans to produce nuclear energy for power generation and is still discussing the possibility of Gulf countries importing US LNG, the outgoing US secretary of energy said on Saturday.
W.Asia
2019, October, 25, 09:15:00
U.S., TURKEY: NO SANCTIONS
After threatening last week to increase the US tariff on imports of Turkish steel to 50%, President Donald Trump said Wednesday he had instructed the Department of the Treasury to lift all sanctions imposed on Turkey in light of a pause in the latter country's military operations in northeastern Syria -- but some saw the initial threat as hollow and of no major impact on Turkey-US steel trade flows.
W.Asia
2019, October, 25, 09:10:00
LUKOIL, ARAMCO DEVELOPMENT
Russian crude producer Lukoil is in talks with Saudi Aramco on potential joint projects outside Russia and Saudi Arabia, including some in Africa, CEO Vagit Alekperov said Wednesday on the sidelines of the Russia-Africa Summit in Sochi.
W.Asia
2019, October, 23, 12:35:00
TURKSTREAM WILL BE SIGNIFICANT
The impact of the dual TurkStream (TS) natural gas pipeline will be significant in changing the region's gas flow patterns
W.Asia
2019, October, 23, 11:35:00
ASIA'S WIND ENERGY WILL UP
Global wind power could rise ten-fold reaching over 6000 GW by 2050. By midcentury, wind could cover one third of global power needs and – combined with electrification – deliver a quarter of the energy-related carbon emission reductions needed to meet the Paris climate targets. To reach this objective, onshore and offshore wind capacity will need to increase four-fold and ten-fold respectively every year compared to today.
W.Asia
2019, October, 23, 11:20:00
RENEWABLE ENERGY BENEFITS
As the IRENA Director-General Francesco La Camera said recently at the International Energy Forum in Riyadh, Saudi Arabia: “It is perfectly possible to generate sufficient cheap, reliable energy from renewable sources. Not only is it possible, but it is also our best option, as it would bring higher socio-economic benefits than business as usual, and it would allow us to effectively address climate change.”
W.Asia
2019, October, 21, 13:10:00
SAUDI'S INVESTMENT FOR BANGLADESH $3 BLN
Saudi Aramco and Saudi utilities developer Acwa Power have signed a memorandum of understanding (MoU) with the Bangladesh government to develop a $3bn liquefied natural gas (LNG) terminal and power plant in the South Asian country.
W.Asia
2019, October, 18, 11:40:00
RUSSIA, UAE NUCLEAR POWER
Emirates Nuclear Energy Corporation (ENEC) has renewed its 2017 Memorandum of Understanding on cooperation in the field of peaceful uses of nuclear energy with Russian state nuclear corporation Rosatom. The document was signed by Mohamed Al Hammadi, CEO of ENEC, and Alexey Likhachov, Rosatom director general, in Abu Dhabi during Russian President Vladimir Putin's official visit to the United Arab Emirates.
W.Asia
2019, October, 18, 11:30:00
JAPAN: NO U.S. COALITION
“We won’t join the United States, but will cooperate closely with them,” Japan’s Chief Cabinet Secretary Yoshihide Suga told a news briefing. “Self Defense Force assets will ensure the safety of vessels related to Japan.”
W.Asia
2019, October, 18, 11:20:00
UAE INVESTMENT FOR INDIA $4 BLN
This is the next step of BASF’s and Adani’s investment plans as announced in January 2019. With the inclusion of ADNOC and Borealis as potential partners, the parties are examining various structuring options for the chemical complex that will leverage the technical, financial and operational strengths of each company. The total investment is estimated to be up to US$4 billion.
UAE, RUSSIA ECONOMIC MEETING
2019, October, 16, 13:20:00
UAE, RUSSIA ECONOMIC MEETING
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Vladimir Putin, President of Russia, headed a meeting of officials responsible for the economic cooperation between the UAE and Russia.