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Tag Archives: Saudi Arabia

China considers manufacturing cars in Saudi Arabia

Chinese cars

RIYADH — China is considering manufacturing cars in Saudi Arabia to meet rising local demand, the country’s Ambassador Li Chengwen said recently. Li said this would establish a vital market in the two countries. “There is a strong will by Chinese investors to produce automobiles here in the Kingdom, but the whole idea is under consideration and study.” He said ...

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Saudi Arabia plans solar panel factory

solar

Saudi Arabia, long synonymous with oil, may have its sights set on solar power. Saudi officials signed an agreement Tuesday with Belmont’s SunEdison Inc. to explore building a solar panel factory in the kingdom. The proposed $6.4 billion plant would be located at Wa’ad Al Shammal, an industrial city in the country’s north. The factory would use SunEdison technology to ...

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Former uranium site turning into solar farm mecca

solar farm

OAK RIDGE — A former uranium enrichment site is becoming a green-power mecca. Two companies that have already built solar power facilities at East Tennessee Technology Park — formerly the sprawling K-25 site — are teaming up to construct what will be one of Tennessee’s top 10 solar farms. Restoration Services Inc., an environmental services company doing work for the ...

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Saudi renewable energy projects in global spotlight

solar panels

RIYADH — Saudi Arabia has a growing population with a steadily rising demand for energy as consumption increases by 7-10 percent each year, according to experts attending the high-profile event in Riyadh on “Empowering Saudi Arabia’s emerging renewable sector”. They said 80 percent of the Kingdom’s GDP is dependent on oil revenues. Although rich in oil, the Kingdom faces a ...

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Texas economy standing tall on latest oil boom

oil barrels

If you live in Texas very long, particularly in West Texas where I’m from, eventually you’ll see some version of the bumper sticker that says, “Oh Lord, Please Give Me Another Boom and I Promise Not to Mess it Up This Time.” Boy, that prayer has been answered. The state’s latest oil-and-gas boom has been super-sized. At a recent conference ...

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EIA: OPEC oil production to continue to decline

OPEC

OPEC crude oil production will continue to decline by 0.5 million barrels per day (mbd) in 2014, as some OPEC countries, led by Saudi Arabia, reduce production to accommodate the non-OPEC supply growth in 2014, the U.S. Energy Information Administration’s (EIA) Short-Term Energy Outlook said. EIA predicts OPEC oil production at 29.49 mbd in 2014 compared to 29.96 mbd in ...

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Saudi oil exports hit SR1.08 trillion in 2013

oil tanker

RIYADH — Saudi Arabia’s oil exports hit 2.66 billion barrels in 2013, with proceeds amounting to SR1.08 trillion, local media said quoting an economic expert. On the other hand, domestic consumption during the year stood at nearly 852 million barrels, or 24 percent of the total output, Fahad bin Juma’a was quoted by Al-Riyadh daily. However, domestic consumption declined by ...

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US shale gas ‘may hurt profits of Saudi petchem complexes’

US shales Saudi

JEDDAH — Rising Saudi energy demand is a bigger threat to Saudi Arabia than surging US shale output, Jadwa Investment bank says in a study published on Wednesday. But Jadwa sees a bigger impact from the US shale industry on Saudi petrochemicals companies that use gas as a feedstock. It indicated that an abundance of cheap natural gas liquids (NGLs), ...

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Largest solar powered desalination plant to be built in Al-Khafji

New solar project

JEDDAH — The Saline Water Conversion Corporation (SWCC) said Saudi Arabia plans to build the world’s largest solar-powered water desalination plant in Al-Khafji Governorate on the Arabian Gulf coast that will have the capacity to produce 30,000 cubic meters when completed. The SWCC Gov. Abdulrahman Al-Ibrahim told a local newspaper that solar energy is one of the most popular renewable ...

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