Gulf Cooperation Council (GCC) countries are set to spend around $54 billion in the near future to increase the capacity of their electricity networks by 32,000 MW, a new report has said.
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), may invest over $1.5 billion in exploring for oil in a block that was awarded to it by the erstwhile Saddam Hussein
President Asif Ali Zardari on Sunday urged the Kuwaiti financial and investment giants to help Pakistan overcome its energy shortages through financing and investments in major energy and infrastructure projects.
The president was talking to Director General of Kuwait Fund for Arab Economic Development (KFAED) Abdulwahab Ahmad Al-Bader and Chief Executive Officer (CEO) of Kuwait Investment Auth
Kuwait firm evinced interest in partnering ONGC in bidding for blocks to be offe- red for exploration of oil and gas.
Oil and Natural Gas Corp on Tuesday offered Kuwaiti national oil firm a stake in its `19,500-crore mega petrochemical project in Gujarat, even as the oil-rich Gulf nation expressed a desire to bid with the Indian firm in the forthcoming round of NELP.
The Arab world will be one of the regions worst hit by climate change but still lacks any coordinated response to its potentially devastating effects, experts said at a conference this week.
With hotter, drier and less predictable climates, the amount of water running into the region's streams and rivers is set to fall 20 to 30 percent by 2050, worsening desertification and food insecurity, the
The drab and dull climate meetings in Bonn finally saw some sparks of excitement on Thursday when the grouping of small island states sparred with oil producing nations led by Saudi Arabia over the need to have a scientific evaluation done on options for restricting the global rise in temperatures to within 1.5 degree from pre-industrial levels.
Making a point-by-point rebuttal of allegations of financial impropriety against its director general R K Pachauri, The Energy and Resources Institute (TERI) on Wednesday said the charges published in London
The Kuwait government is to finance the Kalu Ganga Development Project which aims to develop and inject into the Mahaweli irrigation systems the untapped water resources of Kalu Ganga.
President Mahinda Rajapaksa as Minister of Finance and Planning is to enter into an agreement with the Kuwait Fund for Arab Economic Development to obtain a loan amounting to 10 million Kuwait Dinars (approximately US$ 37million) to finance the Kalu Ganga Development Project.
The project will be implemented by the Mahaweli Authority under the supervision of the Ministry of Agriculture and Agrarian Services.
