Energy, Oil & Gas

OPAZ signs $250m EV, battery cell project deal in Duqm

Oman’s Public Authority for Special Economic Zones and Free Zones (OPAZ) signed a usufruct agreement with Korean EV technology company EL B&T to establish an electric vehicle and battery cell production project in Duqm’s special economic zone, with investments estimated at $250 million....

Energy, Oil & Gas

Korean budget airlines cut 900 flights over oil prices

Jeju Air, Jin Air and other Korean budget airlines cut 900 round-trip flights and introduced emergency measures as Middle East tensions pushed jet fuel prices sharply higher, with further flight reductions expected in coming months....

Energy, Oil & Gas

ADNOC secures $2bn K-Sure-backed green projects funding

Abu Dhabi National Oil Company has signed a $2 billion green financing deal backed by Korea Trade Insurance Corporation (K-Sure) to fund lower carbon projects across its operations. This marks its first green financing facility backed by a Korean agency. ...

Energy, Oil & Gas

ENEC signs MoU with Kepco to advance nuclear energy, AI

The Emirates Nuclear Energy Company (ENEC) has signed a strategic memorandum of understanding (MoU) with Korea Electric Power Corporation (Kepco) to expand cooperation in advanced nuclear technologies, artificial intelligence (AI), and digital transformation to support the UAE's and South Korea’s civil nuclear fleets. ...