Energy, Oil & Gas

O-Green achieves financial close for Oman’s largest industrial solar project

O-Green, a green infrastructure platform jointly owned by Naqaa Sustainable Energy and OQ Alternative Energy, said it has achieved the financial close for the largest solar energy project in Oman. The landmark 93MW solar project is being developed in partnership with Madayn at Sohar Industrial City....

Energy, Oil & Gas

Sabic launches public auction of industrial assets in Spain

Saudi Basic Industries Corp (Sabic) has launched an ambitious public auction of industrial assets from its facilities in La Aljorra, Spain, specifically from the LX2 polycarbonate plant and the HPP plant following their permanent closure. The auction comprises 141 lots divided into two specialised events....

Energy, Oil & Gas

Tahweel in deal with Tasnee to acquire Saudi industrial group for $186m

Saudi Holding Company for Conversion Industries (Tahweel Holding) has entered into a deal with leading petrochemical group Tasnee to acquire 100% of the share capital of its entity - Al Rowad Industrial Transformation Company (Target Company) for SAR700 million ($186.4 million)....

Energy, Oil & Gas

Oman's Madayn inks investment contracts to localise three industrial projects

Oman's Public Establishment for Industrial Estates (Madayn) has signed three investment contracts to localise new industrial projects in the Polyethylene Terephthalate (PET) sector spanning recycled plastics, oil refining and polymer processing at its Al Suwaiq Industrial City. ...