Aramco Gets Green Light To Enter Power Market
By Nick Wilson in Riyadh
Newly written regulations now permit Saudi Aramco to sell power to the Saudi market via state-owned Saudi Electricity Company (SEC), Electricity and Co-Generation Regulatory Authority (ECRA) Governor ‘Abd Allah al-Sheri tells MEES. By 2016 the state-owned oil and gas giant will have excess power capacity allowing it to become a net seller instead of a net buyer....