Measures announced by the government aim to curb rising energy costs, which have increased from USD 560 million to USD 1.65 billion since the start of the Middle East conflict.
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Qatar’s Minister of State for Energy Affairs Saad bin Sherida Al Kaabi said the conflict could force Gulf states to stop producing and supplying energy within days.
The Oman Expo & International Forum will bring government and private sector representatives to Muscat in early February for a series of events aimed at strengthening the Arab country’s bilateral ties.
The foundation stone has been laid in the Arab country for a solar and wind power generation project that will ensure continuous power generation.
The company Kuwait Oil Company announced the discovery of a major natural gas area, capable of producing more than 29 million cubic feet per day, according to initial estimates.
The Vice President of Invest RS, an agency created in 2024 to foster agreements, investments, and competitiveness, met with the Arab-Brazilian Chamber and presented business potential in 12 priority sectors of the economy.
Visitors in Karbala, Iraq, are sprayed with water to cool off as temperatures exceed 48 degree Celsius on Monday (11). A record spike in temperatures across the country, which drove up electricity demand, led to the shutdown of power transmission lines. However, according to the government, on Tuesday (12) electricity was restored, and a full
State-owned National Oil Corporation approved 29 companies as operators and eight as investors for bidding processes in the country’s oil sector.
The Secretary of International Relations of Brazil’s Ceará sate, Roseane Medeiros, visited the Arab-Brazilian Chamber and discussed joint actions to grow her state’s economic relations with Arab countries.
Banco do Brasil signed an agreement with a World Bank agency that provides support for smaller enterprises to finance foreign trade operations, sustainable production, and renewable energy projects.
Bidding notices for contracts will be issued by the end of next year, with investments totaling USD 21 billion, according to the oil company’s CEO, Magda Chambriard.
According to Petrobras’ director for exploration and production, Sylvia dos Anjos, the Brazilian state-run oil firm is looking to acquire oil fields in African countries.
Achieving high levels of productivity is one of the goals of the National Oil Corporation, according to recent discussions held at the company.
Oil is on track to become Brazil’s main export product in 2024. This will be the first time in history, according to data from the historical series that began in 1997.
