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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

Iraq Forum for Clean Energy 2022 kicks off on Sunday

The shift to renewable energy will be "through cooperation projects between national companies and international companies specialized in this field". IRNA
  • The companies include South Gas, Basra Gas, Shell and Siemens Energy, Schlumberger, Baker Hughes
  • The forum will be used for discussing the programs for developing the renewable energy sectors in Iraq

The Iraqi Ministry of Oil announced that the Iraq Forum for Clean and Renewable Energy 2022 will begin on Sunday, local media reports said.

Oil Minister Ihsan Abdul Jabbar Ismail said, “The participation of the Ministries of Oil, Electricity and Environment, and a number of national and global companies operating in Iraq, is an important step aimed to get acquainted about the latest practical experiences and applications in this field.”

The companies include South Gas, Basra Gas, Shell and Siemens Energy, Schlumberger, Baker Hughes.

Also, the forum will be used for discussing the programs for developing the renewable energy sectors in Iraq, in addition to the future visions and prospects, similar experiences in developed countries, and the most important practical steps in this field.

He pointed out that “the start of the activities of this forum comes within the Iraqi government and the ministry of oil endeavors to support all initiatives and efforts to gradually shift from traditional to clean and renewable energy.”

The shift to renewable energy will be “through cooperation projects between national companies and international companies specialized in this field”, said the minister.