Environment & Energy | Saturday 29 August, 2015 2:56 am

Oman Tank Terminal Company (OTTCO) Launches Floating Storage Facility in Oman

Oman Tank Terminal Company L.L.C. (OTTCO), a subsidiary of Oman Oil Company (OOC), today announced the launch of a new floating storage facility, with a 2.1 million barrel capacity at Mina Al Fahal, for global customers of Oman Export Blend. Three customers – China Oil,...

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Environment & Energy | Friday 28 August, 2015 5:51 am

ACWA Power consortium achieves Financial Close for Salalah 2 IPP in Oman

The consortium of ACWA Power, Mitsui& Co., Ltd.(“Mitsui”) and Dhofar International Development and Investment Holding Co (DIDIC) has achieved financial close for the development, construction, ownership and operation of a 445 MW high efficiency gas fired power generation plant along ...

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Environment & Energy | Thursday 27 August, 2015 1:27 pm

AQYLON is innovating in renewable energies and energy efficiency

AQYLON designs, manufactures and installs Organic Rankine Cycle (ORC) solutions for the industrial generation of green electricity. ORC technology makes it possible to generate clean, renewable energy deployable from low to high power ratings with a minimal environmental impact and at a competitive ...

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Environment & Energy | Wednesday 26 August, 2015 3:03 pm

NWC ‘ready to serve pilgrims with state-of-the-art technology’

Dr. Loay Ahmed Al-Musallam, NWC CEO, inspected Company facilities at the Hajj sites with several executive directors to ensure their readiness to provide the best services to pilgrims. This visit came within the framework of NWC’s plans to facilitate its operations during this year’s...

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Environment & Energy | Wednesday 26 August, 2015 2:03 am

Jeddah water project phase-II to be over by mid-2016

Jeddah’s water shortage woes will be considerably over by the middle of next year, as the second phase of the project with a capacity of one million cubic meters (MCM) is nearing completion.  “The second stage of the strategic project, worth over SR375 million, is already...

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Environment & Energy | Thursday 20 August, 2015 12:51 pm

NWC’s electronic apps to manage water systems for the first time during Hajj

NWC announced it would implement a new package of electronic applications for the first time during the upcoming Hajj season 1436. The initiative is part of NWC’s continuous efforts to develop its technical performance and improve the quality of water and environment services rendered to...

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Environment & Energy | Wednesday 19 August, 2015 4:04 pm

Japan returns to nuclear energy

Japanese Kyushu Electric Power Company Inc publicly announced the launch of power unit No.1 at Sendai NPP. The power unit has started generating electricity on Friday, August 14, and the second power unit at the plant will be put into operation in mid-October. Both power nuclear units at Sendai...

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Environment & Energy | Wednesday 19 August, 2015 1:00 am

Saudi banking system well positioned to weather lower oil prices

The Saudi banking system is well positioned to weather lower oil prices and the growth slowdown, according to the International Monetary Fund. According to a press release, IMF executive directors welcomed Saudi Arabia’s strong economic performance while noting that the large decline in oil...

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Environment & Energy | Monday 17 August, 2015 2:33 am

ACWA Power expands flagship Revolver facility by SAR 1,109 million

ACWA Power has increased its maiden revolver facility, structured on a fully sharia compliant commodity murabaha basis, by SAR 1,109 million whilst effectively extending the final maturity date by an additional year. This has been achieved through the following separate facilities (the...

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Environment & Energy | Monday 17 August, 2015 1:44 am

NWC: eBranch to soon serve all NWC customers in four cities

The launch of the eBranch for customer services is an example of the multiple options offered by NWC to provide a better service and ensure a wider scale of customer satisfaction, according to Eng. Yousif Abdullah Al-Said, Senior Director for NWC Electronic Applications and General Supervisor of...

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