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HuaweiThe new and big central Asia South Asia energy and trade corridor will get started on the ground on December 25, opening up all the electricity, natural gas, and oil resources of the region.
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The Adnoc investment is part of the UAE's strategy to boost its total oil output capacity to 3.5 million barrels per day (bpd) by 2017-'18 from the current 2.8 million bpd.
On August 1, an increase in petrol charges came into force in Dubai and the rest of the UAE, following the announcement on July 22 by the Ministry of Energy (MoE) that the government is removing the fuel subsidy it has traditionally paid.
Shrinking cash flow has led companies to slash expenses, pare back drilling
Dubai doubled the capacity of the second phase of the solar park from 100MW to 200MW after receiving the lowest ever recorded cost for solar power in a tender won by Saudi Arabia's ACWA Power and Spain's TSK.
150 industry leaders in the marketing, trading, and shipping of energy from more than 30 countries, gathered on Thursday in Fujairah for the 5th Gulf Intelligence Middle East Energy.
Saudi Arabia was in a similar position in 1998, until a rebound in oil prices alleviated the need for drastic measures.
The global marine terminal operator will launch a major renewable energy project with the installation of photovoltaic solar panels to generate electricity.
The Unit 2 steam generators (SGs), which were manufactured in South Korea, took four years to complete.
