National Gas & Industrialization Co., the liquefied-petroleum gas distributor in Saudi Arabia known as Gasco, signed 149 million riyals ($39.7 million) in contracts to raise production by 10 percent at seven plants. The duration of the contracts is for

Saudi Electricity Co. (SEC), the Gulf’s largest utility by market value, said its net loss rose 25.6 percent in the fourth quarter, worse than analysts had anticipated. SEC made a net loss of SR510 million ($136 million) in the three months to

Power shortages in parts of Saudi Arabia will become a thing of the past if the ongoing plan of Saudi Electricity Company (SEC) is any indication. “We plan to invest $10 billion in the next 10 years, which will take care of power needs in all parts of

Abu Dhabi National Energy Company (Taqa) said its revenue for third quarter dropped 14 per cent to Dh3.9 billion ($1.06 billion) from Dh4.5 billion ($1.22 billion) in 2008 mainly due to a decline in oil and gas prices. Announcing the financial results