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Marafiq seek bidders for 15b power plant
Filed under NewsJul 15JEDDAH – Saudi Arabian utility Marafiq has invited international firms to bid to build a $1.5 billion, 850 megawatt (MW) steam power plant in the Red Sea port of Yanbu, industry sources said on Wednesday.
The plant, to be fired with heavy fuel oil or Arab light crude as a backup, one of the sources said, is part of the leading crude exporters drive to increase power generation to keep pace with rising industrial demand.
Tagged as: Bechtel, Construction Co, Daelim Industrial, Hanwha Engineering, heavy fuel oil, JEDDAH, Marafiq, power plant JEDDAH, Public Investment Fund;, Red Sea port of Yanbu, Red Sea;, Reuters;, Royal Commission for Jubail and Yanbu;, Samsung Engineering, Saudi Basic Industries Corporation, South Koreas Hyundai Heavy Industries Co, United States;, USD; -
Firms get US money despite Iran work
Filed under NewsMar 8WASHINGTON – The US government, while pushing for tougher sanctions against Tehran, has given $107 billion in the last 10 years to US and foreign companies doing business in Iran, much of it in the energy sector, The New York Times reported Saturday.
Despite the threat of punishment for companies that seek US federal contracts while dealing with Iran, the Times said successive administrations have struggled to exert authority over foreign companies and overseas units of US firms.
Tagged as: aerospace, bank;, Britain;, Chief of Staff, China;, Congress;, Daelim Industrial, Denis McDonough, Department of State, electricity;, energy giant, energy industry;, energy sector, France;, Fred Lash, Germany;, Honeywell, Iran, Iranian government, Islamic Republic of Iran;, Islamic Revolutionary Guards Corps, Mazda;, Moscow, National Security Council, Obama administration, Petrobras, representative, Reuters;, Ron Klein, Royal Dutch Shell, Russia;, Security Council, spokesman, state energy conglomerate, Tehran;, The New York Times, The Times, through subsidiaries, UN Security Council, United Nations;, United States;, US government;, US president, USD;, Washington;
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