Aramco Eyes $13b Fadhili Gas Plant Online by 2019

• Thursday, 21st July 2016
• by Egypt Oil & Gas

State oil giant Saudi Aramco announced it had signed four engineering contracts to build its Fadhili gas processing project worth more than $13b, reported The National. The Fadhili gas project, which is expected to re...

Saudi Electricity Consortium Refinanced $1.82b Debt

• Thursday, 14th July 2016
• by Egypt Oil & Gas

A consortium of Saudi Arabia’s electricity companies, including Saudi Electricity Company (SEC) and Riyadh-based Acwa Power, had refinanced debt of the Rabigh 1 power project, totaling more than $1.82b. The cons...

Saudi Arabia Seeks Investors for Solar Plants

• Sunday, 12th June 2016
• by Egypt Oil & Gas

Saudi Electricity Co. (SEC) is seeking bids from international developers to build two solar-power plants in Al-Jouf and Rafha in the north of the country, Reuters reported. As much as 50MW of capacity will be develop...

Saudi Electricity Co Starts Up Jeddah Power Plant

• Wednesday, 18th May 2016
• by Egypt Oil & Gas

State-controlled Saudi Electricity Co (SEC) has started up part of its new 2,640MW Jeddah South power plant and linked it to the grid, in order ti face the growing electricity demand from the western region particular...

Saudi Arabia Signs $900m KEXIM-Backed Loan for Power Plant

• Monday, 16th May 2016
• by Egypt Oil & Gas

Saudi Electricity Co (SEC) –the largest utility company in Saudi Arabia– signed a $900m loan agreement with the Export-Import Bank of Korea (KEXIM) among other international lenders, to help finance the construction o...