India hopes Abu Dhabi National Oil Company (ADNOC) will send the first shipment of crude oil to fill the country’s 0.75 million tonnes strategic petroleum reserve at Mangalore starting in May, Oil Minister Dharmendra Pradhan said in New Delhi on Tuesday.
India’s largest clean energy producer, Re-New Power, has picked Goldman Sachs, Kotak and JM Financial to advise on a planned $700 million (Rs 4,480 crore) initial public offering of shares that could see some of its early investors such as Goldman Sachs and Abu Dhabi Investment Authority make a partial exit, people briefed on the matter said.
Harnessing solar power will become cheaper by at least 60 percent over the next decade, Adnan Amin, the head of the Abu-Dhabi based-International Renewable Energy Agency, Irena, said.
ABU DHABI – Leading companies from the largest oil producing region outside OPEC, the Commonwealth of Independent States
Fed up with oil tanker owners’ frequent threat of strike to press their demands, Pakistan’s Economic Coordination Committee (ECC) is likely to allow Inter State Gas Systems (ISGS) to float a tender and invite companies to build an oil pipeline from Machike (Sheikhupura) to Tarru Jabba (Peshawar
OPEC hopes for better compliance with output cut target after two days’ of deliberations with members in Abu Dhabi that concluded on Tuesday.
Oil slid after briefly rising above $50 a barrel in New York and sparking concern that prices surpassing that key level will only bring on more shale supply.
Abu Dhabi National Oil Co (ADNOC) expects to make a final decision on whether to renew Japanese firms’ oil concessions in Abu Dhabi oilfields before year-end or very early next year, its top executive told the Nikkei business daily.
Indian company Sterling & Wilson have secured an engineering, procurement and construction (EPC) contract for an 1177MW project Abu Dhabi.
Solar Tariff In India Tumbles To New Record Low of 0.04$, Making It Cheaper Than Fossil-Fuel Generated Power
In the recent times, solar power tariffs have seen a great fall. In a very recent event, Abu Dhabi received the cheapest solar power tariff in a combined bid at 2.42¢/kWh