Saudi Arabia courts Chinese firms in mining investment drive Mining and Industry Minister Bandar Alkhorayef met with executives from more than 20 mining firms in Beijing on Thursday. Saudi Arabia
IEA report: Mideast electricity generation to rise 50% by 2035 as renewables expand The International Energy Agency said that oil and gas remain the main sources of energy in the Middle East and North Africa, but noted the region’s rising investment in alternatives and renewable energy potential. By Adam Lucente In New York City, reporting on regional news, militancy, climate change
Sudan, Egypt FMs urge Ethiopia to change course ahead of megadam launch Ethiopian Prime Minister Abiy Ahmed announced in July that the Grand Ethiopian Renaissance Dam has been completed and will be formally inaugurated in September. Sudan
Egypt, Turkey ink investment deals with China on SCO Summit sidelines Egyptian Prime Minister Mostafa Madbouly and Turkish President Recep Tayyip Erdogan were in China for the two-day summit. Egypt
Gaza war could double oil prices, threaten global food security Washington-based multilateral lender World Bank compared the situation to the 1973 Arab oil embargo in its latest Commodities Market Outlook. Israel
Morocco-UK Xlinks undersea power cable to generate 'real value': Octopus Energy Octopus Energy CEO Greg Jackson said that it would help Morocco fight climate change. Morocco
COP28 could allow oil industry to form coalition to cut emissions: TotalEnergies TotalEnergies CEO and chairman Patrick Pouyanne said that national oil companies as well as public and private ones must join the group. United Arab Emirates
Saudi Arabia set to begin Middle East’s first hydrogen train trials Saudi Arabian Railways, in partnership with French manufacturer Alstom, will begin to operate the world’s first hydrogen-powered passenger train in Riyadh later this month. Saudi Arabia
Italy's FM in Saudi Arabia to talk energy partnerships, investments as ties grow The far-right government of Italian Prime Minister Giorgia Meloni has worked to strengthen ties with Saudi Arabia and the United Arab Emirates. Saudi Arabia
Saudi Aramco makes first global LNG investment with US MidOcean stake MidOcean Energy is in the midst of buying interests in four LNG projects in Australia as part of its growth strategy. Saudi Arabia
UAE’s Masdar to triple Southeast Asia’s largest floating solar plant The new agreement between Masdar and Indonesian power utility PLN Nusantara Power will launch Phase II of the Cirata floating solar plant in the Indonesian province of West Java. United Arab Emirates
Oman's oil and gas sector drives 30% GDP growth in 2022 Oman’s hydrocarbon sector growth rate was 61.6% from 2021 to 2022, compared to non-hydrocarbon sector growth at 16.9% during the same period, according to the Central Bank of Oman (CBO) 2022 Annual Report. Oman
UAE, other Gulf states shift from talk to action on carbon capture tech The idea of capturing and storing carbon emissions instead of letting them enter the atmosphere is gaining momentum in some parts of the Gulf region. It is also the necessary tool to rebrand hydrogen produced from fossil fuels from "gray" to "blue." Legacy: Gulf
Middle East can supply world's clean energy, says Biden's energy envoy Amos J. Hochstein said the key lies in the effective transport of the region’s abundance of wind, sun and minerals to maintain its energy leadership. Legacy: Gulf
UAE places technology at top of COP28 agenda in Dubai The UAE Ministry of Industry and Advanced Technology, UAE Space Agency and COP28 signed an agreement in July to coordinate on technology-focused sustainable solutions ahead of the major climate change conference in Dubai later this year. United Arab Emirates
Israel, Cyprus, Greece leaders enhance cooperation on gas infrastructure The leaders of Israel, Greece and Cyprus met in Nicosia to discuss strengthening the trilateral strategic alliance between the countries and exploring options for exporting Israeli natural gas via Cyprus to Europe. Israel
