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.
Energy
Algeria dedicates US$20.5 billion for renewable energy
"Algeria will invest nearly US$20.5 billion over the next 20 years to boost electricity production from renewable energy sources," Nordine Bouterfa, the head of Sonelgaz group said.
Power investments estimated at more than US$54 billion
Gulf oil producers are expected to pump more than US$58 billion into projects over the next five years to expand their power generation capacity to meet growing domestic demand, according to an official Arab report.
Qatar Solar Technologies to build a US$1 billion polysilicon plant
SEC launches Saudi?s first solar-powered power station
Saudi Electricity Company (SEC) launched Saudi Arabia?s first solar-powered electricity-generating power station.