|
| > Industry News > Energy, Oil and Gas |
Taqa to enter Morocco reneweable tenders
The Abu Dhabi National Energy Co (Taqa) has established a division to invest in renewables, and will take part in Morocco’s upcoming tenders for wind and solar. The company, which already has a power division in Morocco, is part of a consortium that will bid for a 150MW wind farm in the country within the next few weeks. It will also bid for a 165MW concentrating solar power project, and will consider bidding for one of the five wind farms totalling 850MW for which the government invited tenders last month. The new unit has also begun a feasibility study into an energy-from-waste project in Abu Dhabi, to reduce the emirate’s burgeoning landfill problem and help meet its growing electricity needs.
>>> More
|
|
Oman to buy 40% stake in Portuguese energy utility firm
Oman Oil Co, the Sultanate’s state-owned investment arm, and China’s State Grid Corp have agreed to buy a 40% stake in Portugal’s power and gas grid operator Redes Energeticas Nacionais (REN) for a combined $779m investment, Times of Oman has reported. State Grid Corp will buy a 25% stake for $509.09m and Oman Oil Co will buy another 15% for $269.67m, said Portuguese secretary of state for treasury Maria Luis Albuquerque.
>>> More
|
|
Iran criticises Opec members offering to replace its oil
Iranian oil minister, Rostam Qasemi has criticised some Arab countries for suggesting they could replace Iranian oil in case of disruptions in crude supplies, Reuters has reported. "Some Opec countries should adopt reasonable policies," Qasemi said in a letter to Opec President Abdul-Kareem Luaibi. "The interests of regional countries depend on joint cooperation," Qasemi added. Saudi Arabia, the world's top oil exporter, said last month it could pump more oil at a moment's notice after Iran warned Gulf oil producers not to compensate for any disruption to Iranian output.
>>> More
|
|
Iran says oil ban would not disrupt nuclear work
Rostam Qassemi, Iran's oil minister has said the Islamic Republic would not retreat from its nuclear programme even if its crude oil exports grind to a halt, and called on the European Union to review its decision last week to ban Iranian oil imports from July 1, Reuters has reported. "We will not abandon our just nuclear course, even if we cannot sell one drop of oil," Qasemi told reporters. Iran would cut oil exports to some nations in Europe in retaliation for the 27-state EU's decision to stop importing Iranian crude, he added.
>>> More
|
|
Saudi nominates Opec governor for top post
Saudi Arabia has nominated its Opec governor, Majid Al-Moneef for the group’s next secretary general, in a move that may reignite a quarrel over influence in Opec between Gulf Arab nations and Iran, Reuters has reported, citing a Gulf Opec delegate familiar with the matter. "There is a lot of support for Moneef. He's well respected and an experienced economist," the delegate said. The current secretary general, Abdullah al-Badri of Libya, completes his second and final three-year term at the end of 2012. Opec will seek to select a replacement, to start in 2013, at its next meeting in June.
>>> More
|
|
|
|
|
