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Saudi Arabia: Treasures travel to Rome

The Saudi Commission for Tourism and National Heritage (SCTH) – headed by chairman Ahmed Bin Aqil Al-Khatib – and Ministry of Culture are to transfer the exhibition Trade Routes in the Arabian Peninsula: Masterpieces of the Monuments of Saudi...

Saudi prince shows Sheffield steel

Prince Abdullah Bin Musaid Bin Abdelaziz has succeeded in a court battle to buy businessman Kevin McCabe’s 50% stake in English Premier League club Sheffield United for £5m ($6.2m), in line with a previous legal agreement. Prince Abdullah already...

Evidence points to Iranian missiles accurately hitting Saudi sites

Imagery of the impact sites at Abqaiq show most targets were hit from due west by missiles, as opposed to the explosive charges typically carried by Houthi drones. The calibre of the missiles was relatively small, with a warhead probably much...

Saudi Arabia: Impact on oil market and local industry

The attack on the Abqaiq facility could scarsely have chosen a more important target: the 7m b/d plant is Saudi Arabian Oil Company’s largest oil processing facility; it processed about half of Aramco’s crude oil production in 2018. It primarily...

Mozambique: MoU signed for 50MWp solar PV plant

The government of the northern province of Niassa has signed a memorandum of understanding with Gigawatt Global and the Anglican Church in Niassa for the construction of a 50MW solar PV power plant in the provincial capital Lichinga. The...

Mozambique: Agreement for LNG-to-powership

Japan’s Mitsui OSK Lines Ltd (MOL) and Karadeniz Holding AS announced on 30 August that they would develop the first LNG-to-powership project in Mozambique. The project, which will be implemented under the joint brand Karmol, involves mooring a...

Mozambique: Consultant sought for grid codes

The Ministry of Mineral Resources and Energy invites expressions of interest by 18 September from consultants to review, update and complete Mozambique’s power grid codes. The project aims to review, revise and present proposals for the amendment...

Mozambique: US Exim to vote on $5bn LNG loan

The US Export-Import Bank said on 22 August its board planned to vote on a $5bn loan for the Area 1 Mozambique LNG project. A statement said it had notified Congress of the transaction, which would be voted on after a 35-day congressional...

Mozambique: Benga non-binding agreements signed

Kibo Energy announced on 5 September that it has signed a non-binding power purchase term sheet (PPTS) and non-binding coal supply term sheet (CSTS) with Vale Mozambique SA for the Benga coal power project. AIM-listed Kibo holds a 65% stake in...

Morocco: US court judgement puts Platinum projects in doubt

US-based private equity fund Brookstone Partners has won a decisive victory against its former partners in Casablanca-based Platinum Power which should allow it to eventually assume control of the company’s roster of pipeline projects in Morocco...

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