The world’s largest green hydrogen project in Saudi Arabia’s NEOM has formally entered the construction stage. In a statement, ACWA Power said that its affiliate NEOM Green Hydrogen Co. issued a full award notice to proceed with the engineering, procurement and construction, which has been approved. ACWA Power further pointed out that its SR1.12 billion ($300 million) contribution in the limited notice to proceed will become part of its equity contribution to the project.
Saudi Energy Minister Prince Abdulaziz bin Salman said OPEC+ would do whatever is necessary to support the oil market. The Minister was speaking on the sidelines of the 8th OPEC International Seminar in Vienna on Wednesday. On Monday, Saudi Arabia said it would extend the one million-barrel-per-day (bpd) production cut it had initially flagged for July into August, while Russia announced a 500,000-bpd decline in exports next month.
Saudi Aramco, Total Energies sign billions in new contracts albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
Eng. Al Nasser made the remarks at the China Development Forum 2023, where he affirmed Aramco’s support for China’s energy development and security.
Aramco will distribute 73.15 billion riyals as dividend to shareholders archyde.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archyde.com Daily Mail and Mail on Sunday newspapers.