Energy
Saudi Electricity Q3 results hit
Saudi Electricity Co (SEC) reported a 6 per cent decline in its net profit in the third quarter due to higher costs of purchased energy and increased depreciation expenses.
UAE and UK to explore partnerships in the energy sector
Dubai?s Supreme Council of Energy (SCE)?will hold meetings with the UK Ministry of Energy to discuss partnerships between both countries in the energy field.
SEC signs US$1.4 billion Riyadh plant power deal
Saudi Electricity Company (SEC) and an unnamed Saudi company have signed a US$1.44 billion contract to develop 1,200 MW of power generation capacity at a plant in Riyadh.
Saudi plans to meet increased energy demand
Saudi Aramco has forecast that the kingdoms daily energy demand will reach an equivalent of 8.3mn barrels by 2028, more than double the 3.4mn barrels equivalent in 2009.