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Saudi Arabia raises June Arab light crude price to Asia

By : Sustainability ..., May 8, 2020

Saudi Arabia's state oil giant Aramco has raised the June price for its Arab light crude oil to Asia by $1.40 a barrel from May, setting it at a discount of $5.90 to the Oman/Dubai average, according to a document seen by Reuters on Thursday. The rise in the crude oil...

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Renewable energy MoU with Saudi Arabia gets cabinet nod

By : Sustainability ..., Dec 26, 2019

The Union Cabinet chaired by Prime Minister Narendra Modi has approved a Memorandum of Understanding between India’s Ministry of New and Renewable Energy and Saudi Arabia’s Ministry of Energy for cooperation in the field of renewable energy. The MoU aims at setting up a...

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India, Saudi Arabia ink 12 agreements in sectors including renewable energy

By : Sustainability ..., Oct 30, 2019

India and Saudi Arabia on Tuesday signed 12 MoUs and agreements in key sectors including defence industries collaboration, renewable energy, security cooperation and civil aviation. The agreements were signed in the presence of Prime Minister Narendra Modi and Saudi Crown...

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Saudi Arabia to invest $100 bn in India; Energy, infra, agriculture in focus

By : Sustainability ..., Feb 21, 2019

 Saudi Arabia on Wednesday announced that it will invest $100 billion in India, MEA spokesperson Raveesh Kumar said. "Big announcement - Saudi Arabia to invest $100 bn in India - a huge vote of confidence in the Indian economy," Raveesh Kumar tweeted. Kumar further said that...

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Saudis set $500 billion plan to develop border region with Jordan, Egypt that will power itself solely with wind power and solar energy

By : sustainabilityo..., Oct 26, 2017

Saudi Arabia announced on Tuesday a $500 billion plan to create a business and industrial zone extending across its borders into Jordan and Egypt, the biggest project yet in a series of efforts...

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Fuel subsidies cost governments in emerging markets more than $500 billion every year: IEA

By : Sustainability ..., May 21, 2014

 LONDON: Fossil fuel subsidies cost governments in emerging markets more than $500 billion every year and are a major contributor to climate change, according to the International Energy Agency (IEA) and International Monetary Fund (IMF).

The biggest subsidies are...
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Rio: Rating the environmental stars

By : Sustainability ..., Jul 5, 2012

Should nations receive ratings on their environmental performance?

In some ways, they already do; carbon emissions are assessed on in toto and per capita bases, deforestation rates are calculated.

But is it possible - is it desirable - to put all of this...

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Subject Tags: G20 , India , Saudi Arabia

Renewable power: Developing markets are a ray of sunshine

By : Sustainability ..., Jun 3, 2012

If the dominant global theme of the 21st century has been the shift in dynamism and capability towards emerging economies, then 2012 has been the year in which that trend has hit the renewable energy industry.

While many developed economies that led the way in...

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India, China to drive 2% growth in energy demand

By : sustainabilityo..., Jan 24, 2011

 World’s largest oil exporter Saudi Arabia said global oil demand could climb by about 2 percent this year mainly on increasing demand by India and China.

According to Saudi Arabia's oil minister Ali Naimi, the growth between 1.5 million to 1.8 million barrels per day...

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Subject Tags: oil , Saudi Arabia