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Energy

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.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

Iraq to build 2,000MW solar power projects in tie-up with a UAE-based firm

By Hilal Mir
June 25, 2021 10:28 am

    • The project is the biggest investment in Iraq’s renewable energy industry

    • Iraq is planning to build a number of power plants in the coming years

    Iraq is looking to build solar power projects in central and southern Iraq, with a total capacity of 2,000 megawatts, and it has teamed up with Masdar, a United Arab Emirates-based renewable power developer, to complete the power stations, the Iraqi oil ministry said in a statement.
    The project is the biggest investment in Iraq’s renewable energy industry, the statement said, without indicating its total cost.

    Iraq is planning to build a number of power plants in the coming years in partnership with international and Arab companies. Some will use solar energy, while others will run on fossil fuels, including gas that is produced during the extraction of oil, by introducing it into the electricity production system, Iraq Oil Minister Ihsan Abdul Jabbar told Asharq recently.

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