signed by Minister of Petroleum and Mineral Resources Eng. Ali bin Ibrahim Al-Naimi and Mexican Secretary of Energy Pedro Joaquin Coldwell.
An agreement to avoid double taxation and prevent tax evasion was co-signed by Minister of Finance Dr. (...)
including oil, gas, renewables, nuclear, and solar. The Kingdom
has always been of the view that there are plenty of resources to meet the
projected increase in demand. The peak oil theories that dominated the
energy discourse few years ago - (...)
2015has ranked Saudi Arabia as the second highest in terms of competitiveness, among the 20 largest emerging market economies. The report emphasizes Saudi Arabia's key strengths: the country's strong fundamentals, supported by macroeconomic (...)
in-hand with this growth is increased demand for energy. This growing demand in Asia is derived from increasing populations, greater urbanization and rising income levels. If new businesses are to prosper, they require energy. If living standards (...)
Japanese Consultations Commission for Energy.
The two sides took note of the importance of joint bilateral cooperation in the fields of renewable energy and nuclear energy.
The two sides welcomed the signing of the draft agreement between the (...)
Shura and the Hungarian Parliament.
In a joint press conference, the Speaker of the Hungarian Parliament drew the attention to a number of bilateral agreements between the Kingdom and Hungary in various fields serving interest of the two (...)
The Saudi heating, ventilation and air conditioning (HVAC) sector is expected to achieve between 30 and 50 percent growth to emerge as a SR4.5 billion market by 2014. The Kingdom remains a major market for air conditioning due to its hot climate and (...)
based King Abdullah Petroleum Studies and Research Center. We hope and expect that it will rise to the level of an internationally renowned and respected think tank. Also, the King Abdullah University for Science and Technology, near Jeddah, which (...)
depleted energy such as solar, wind energy, potential energy in the ground and other forms of renewable energy.
Dr. Abduljawad said that the sources of renewable energy are free of cost sources and non-depleted, and so the utilization of science (...)
levels the playing field, where policies, resources and public sentiment favoring alternative energies inhibit fossil fuels' ability to compete and contribute. It also creates undue risk that these newer energies may not have sufficiently developed (...)
and resource stewards like Saudi Aramco, the Kingdom's oil enterprise, are expending funds to make additional supplies available.
"Last year, Saudi Aramco completed the largest capital program in company history at a cost exceeding $100 billion (...)
now in its seventh week-failed. BP stock has lost more than one-third of its value since the spill, the worst such disaster in U.S. history.
The U.S. dollar gained 0.5 percent versus the euro, after earlier rising to a four-year high, and fell 0.3 (...)
Iran voiced optimism about Turkish and Brazilian mediation efforts in its nuclear dispute with the West, welcoming in principle ideas aimed at reviving a stalled fuel deal with major powers.
“New formulas have been raised about the exchange of fuel (...)
growing local, regional and global significance.
The Kingdom goes to great lengths to preserve and protect the environment, both through its economic and petroleum activities and through membership in and accession to the various international (...)
and-debt deal. Exxon shares fell 4 percent, limiting bigger Dow gains.
The broader Standard & Poor's 500 index rose 7.70, or 0.7 percent, to 1,114.11, its highest level since October 2, 2008. The technology-heavy Nasdaq composite index rose (...)
third of the world's population, so growing demand and expansion of energy access mean fossil fuels will continue to be the dominant energy source," Al-Othman said.
He noted that producers and consumers of fossil fuels must maintain the utmost (...)
up, supporting in particular the Scaling-Up Renewable Energy Program as a part of the Climate Investment Fund set up under the World Bank;
c) support the Global Bioenergy Partnership as effective means to promote wider, cost effective biomass and (...)
yet today, over 1.5 billion people, nearly a quarter of the world's population, lack electricity. The situation in Sub-Saharan Africa, a top priority for international development, is even more desperate. There, out of a total population of 800 (...)
effective way. This suggests that addressing GHG emissions and other environmental concerns should be through appropriate technology dissemination. There is a strong need for effective development and transfer of environmentally safe and sound (...)
the challenges of energy markets and cooperation which was discussed by the Council, the final statement made clear that the world is facing great challenges and so international efforts should be consolidated in a serious cooperation to counter the (...)
dominant transportation sector, and toward greater environmental sustainability.
This transformative path will continue into the future, with an ongoing emphasis on helping ensure reliable energy supplies; adding value to our hydrocarbon resources (...)
Cornell Center for Energy and Sustainability, currently in New York, whose focus includes solar energy as well as carbon capture and sequestration.
KAUST's green design includes a solar plant that will power the university's hub buildings and (...)
being.
As governments ponder how to respond to our current environmental and economic challenges they must be mindful that a re-emergence of protectionism through over-regulation and the erection of barriers to trade would be devastating for the (...)
related concerns that can worsen our global economic picture.
The first is taxation.
The consumers' price is very high in many developed economies, where it is in excess of $ 80 per barrel above market prices because of taxes.
Excessive taxation (...)
OIC (PRETAS) has been ratified by additional member states which will enable the agreement to enter into force.
The OIC institutions are also performing very well in implementing OIC programmes and projects like the OIC Cotton project and Framework (...)