Last updateMon, 24 Feb 2020 11pm

Nuclear Power in Gulf on the Way

A new industry is swiftly taking shape around what is expected to be the Arab world's first independent civil nuclear power program, according to an engineering, safety and risk management consultancy.

"Several GCC countries have shown interest in nuclear energy but it is in the UAE where moves to establish a legal and regulatory framework for the new industry are at an advanced stage with firm decisions expected any time now," said Pat Lawless, chief executive of ESR Technology, a company with operational bases in the UK and the Middle East.

Source: Gulf Daily News

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Gazprom Neft Wants To Develop Eight Oil, Gas Deposits in Iraq

Russian energy giant Gazprom's oil arm Gazprom Neft is interested in developing six oil and two gas deposits in Iraq, the head of the company's Middle East projects said Saturday.

"We are participating in a tender with partners, there are six oil and two gas fields there," Alexander Kolomatsky told journalists.

Source: RIA Novosti

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Construction Spending Hits New Global Low

Tough economic times around the world are taking a toll on global construction spending. Back-to-back annual declines have been reported for the first time in two decades, according to results of an annual survey of 69 construction markets.

Source: Engineering News-Record

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Archer Daniels Midland Project Aims to Bury Carbon Dioxide

The drillers have gnawed through a mile of rock here, almost down to a 600-million-year-old layer of sandstone where they hope to bury about 1 million metric tons of carbon dioxide -- equal to the annual emissions of 220,000 automobiles.

The $84-million project, of which $66.7 million comes from the Energy Department, will help determine whether storing greenhouse gases underground, so-called sequestration, is a viable solution for global warming.

Source: Los Angeles Times

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