Last updateTue, 19 Feb 2019 5pm


Saudi Arabia Leads the Way in Petrochemical Exports

Thirty years ago, Saudi Arabia was an importer of petrochemicals. It is now a major exporter, providing some seven percent of the world's supply of basic petrochemicals. Last year, according to the WTO, these exports were worth $14.3 billion. Together with plastics, they account for over half of the Kingdom's nonoil exports.


Source: Arab News


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Russian Watchdog: Negligence Factor in Hydropower Plant Disaster That Killed 75

Russia's top industrial safety oversight official said Saturday that negligence was a major factor in a devastating accident at the country's biggest hydroelectric power plant, and hinted that high-level officials could face trial over the disaster that killed 75 workers.


Outlining a report on the causes of the Aug. 17 accident at the Sayano-Shushenskaya plant in southern Siberia, Rostekhnadzor director Nikolai Kutin described it in chilling detail.


Source: Associated Press


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Anti-Drilling Coalition Fractures

Oil and solar power may seem like strange bedfellows, but this week the Florida Solar Energy Industry Association -- a group that represents more than 100 solar companies statewide -- announced support for oil drilling within 10 miles of Florida's coast so long as oil tax money is used to subsidize solar installations.


The deal has upended a longstanding coalition of renewable energy businesses and environmentalists who tried unsuccessfully to pass a clean energy bill in recent years.


Source: Associated Press


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Pakistan’s Government Awards 41 Blocks for Oil, Gas Exploration

Pakistan awarded licenses for 41 blocks to companies including BP Plc., Eni SpA and Pakistan Petroleum Ltd. to search for oil and gas in the south Asian country, in a bid to attract investment in the energy sector.


“The successful bidders will be issued licenses within 15 days,” G.A. Sabri, special secretary at the Islamabad-based Petroleum Ministry said today in a phone interview.


Source: Bloomberg


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