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  1. Saudi Efforts To Cut Oil Burn Take Backwards Step In 2022

    ...atistics (see p19 for full data) show a counter-seasonal increase in oil burn (crude and fuel oil) to 1.083mn b/d in December. This marked the second consecutive monthly rise, with December’s burn the highest on record for the month (see chart 2). The previous December record of 1.021mn b/d was set in 2014...

    Volume: 66
    Issue: 08
    Published at Fri, 24 Feb 2023

  2. Saudi Renewables Plan: More Answers, More Questions

    ...e new loan takes SEC’s total lending to $47bn since July 2007. It is also SEC’s largest loan from the finance market, although the company’s biggest loan to date was a $13.2bn ‘soft loan’ from the Ministry of Finance in March 2014. SEC’s previous agreement was a $2.15bn revolving credit facility ai...

    Volume: 62
    Issue: 08
    Published at Fri, 22 Feb 2019

  3. Algeria’s Sonelgaz Eyes Foreign Loans To Bridge $10bn Funding Gap

    ...st year was slightly down on the AD600bn ($5.59bn) invested in 2014, he adds. The Algerian government plans to increase electricity and gas prices this year, Mr Boutarfa says. At risk of triggering political protests, government’s latest finance law includes plans to reduce subsidies by raising fo...

    Volume: 59
    Issue: 08
    Published at Fri, 26 Feb 2016

  4. Turkey Plans To Double Renewables Capacity By 2023

    ...omoting clean coal technology. However, Turkey currently has 12.5GW of coal-fired capacity and is developing a 510MW coal-fired plant at Soma. Ankara also has two preliminary agreements for a further 8.32GW of coal-fired capacity (MEES, 19 December 2014). TURKISH POWER GENERATION OUTLOOK BY TE...

    Volume: 58
    Issue: 08
    Published at Fri, 20 Feb 2015

  5. Jiddah South Contract Awarded To Mitsubishi

    ...ptember 2014 and March 2015. The plant will be the first heavy oil fired supercritical power plant in Saudi Arabia. The use of supercritical boilers – Mitsubishi says these units typically operate at a 250 atmospheres pressure and temperature of 600°C – enables operating efficiencies of 40%, compared with ar...

    Volume: 56
    Issue: 08
    Published at Fri, 22 Feb 2013