Dubai | Egypt Oil & Gas - Part 3
DEWA Plans $7.34b Renewables Projects, Seeking Private Financing
Dubai Electricity & Water Authority (Dewa) has approved new renewable projects worth over $7.34b, to expand Dubai's production capacity through partnerships between the public and private sectors.
UAE Lowers Domestic Fuel Prices, Increases Public Spending
The UAE’s ministry of energy announced that it would lower domestic prices for gasoline and diesel in January, making a long anticipated move given the plunge in Brent crude.
Dubai Targets Energy Savings Aiming at Lowest Carbon Footprint
The Dubai Supreme Council of Energy has announced that Dubai expects to achieve 8% to 10% savings in energy demand by 2020, while generating the lowest carbon footprint in the world.
Weir Group Opens $20m Manufacturing Plant in UAE
The Weir Group has launched the UAE’s first wellhead manufacturing facility, an investment worth $20m, to locally produce highly engineered equipment for upstream and downstream oil and gas operations.
Dubai to Invest in Clean Energy Strategy 2050
Dubai has launched its Clean Energy Strategy 2050 with billion-dollar investments in generating clean energy. Renewables to Share in $544.37m UAE Innovation Fund
HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has launched a new fund worth $544.37m to finance innovation. Platts to Include More Arab Grades into Pricing Benchmarks
Oil pricing agency Platts is expected to announce by the end of this year which of two Middle East crude grades it will add to its Dubai benchmark in 2016 to boost the liquidity of its price assessment process Omani Blend Crude Bolsters Ambitious Dubai Mercantile Exchange
The Dubai Mercantile Exchange (DME) announced today that Oman’s Ministry of Oil and Gas has become the first customer of its recently launched ‘DME Auctions’ platform.
