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middle-east

Summer demand buoys premiums for Middle East gulf products

Rising summer electricity, vehicle and jet fuel demand in the run-up to Ramadan have boosted fuel premiums in the Middle East Gulf and are likely to support prices throughout the holy month, traders said.

July 11, 2012 4:39
 
Saudi Electricity plans big fuel oil power plant

Saudi Electricity plans big fuel oil power plant

Saudi Electricity (SEC) is looking for companies to build and operate a 1,700-megawatt (MW) independent power plant (IPP) running on fuel oil, the state-controlled utility said on Monday.

March 5, 2012 1:17
 
Dubai’s DEWA says no bonds planned for 2012

Dubai’s DEWA says no bonds planned for 2012

Dubai Electricity and Water Authority (DEWA) has no plans to tap bond markets in 2012 and the state utility will repay a 1.2 billion dirhams ($326.7 million) securitisation maturity this year ahead of time, its top executive said.

March 1, 2012 2:04
 
Saudi Electricity Co Q4 net loss widens on energy costs

Saudi Electricity Co Q4 net loss widens on energy costs

Higher energy costs hit utility; Net loss wider than analysts' expectations

January 18, 2012 1:58